0001397911-19-000153.txt : 20191029 0001397911-19-000153.hdr.sgml : 20191029 20191029171207 ACCESSION NUMBER: 0001397911-19-000153 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 93 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191029 DATE AS OF CHANGE: 20191029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LPL Financial Holdings Inc. CENTRAL INDEX KEY: 0001397911 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 203717839 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34963 FILM NUMBER: 191176520 BUSINESS ADDRESS: STREET 1: 75 STATE STREET STREET 2: 22ND FLOOR CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617 423 3644 MAIL ADDRESS: STREET 1: 75 STATE STREET STREET 2: 22ND FLOOR CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: LPL Investment Holdings Inc. DATE OF NAME CHANGE: 20070427 10-Q 1 lpla2019093010-q.htm 10-Q Document
false--12-31Q3201900013979110308155000364405000508000064000080990005168000730000109890000.0010.0016000000006000000001249097961261869120.00750.01750.00250.01250.01250.01250.02250.0225P5YP7Y03982064644858459 0001397911 2019-01-01 2019-09-30 0001397911 2019-10-23 0001397911 2018-07-01 2018-09-30 0001397911 2018-01-01 2018-09-30 0001397911 2019-07-01 2019-09-30 0001397911 2019-09-30 0001397911 2018-12-31 0001397911 lpla:AdvisorLoansMember 2018-12-31 0001397911 lpla:AdvisorLoansMember 2019-09-30 0001397911 lpla:ReceivablesFromClientsMember 2018-12-31 0001397911 lpla:ReceivablesFromOthersMember 2019-09-30 0001397911 lpla:ReceivablesFromOthersMember 2018-12-31 0001397911 lpla:ReceivablesFromClientsMember 2019-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001397911 us-gaap:TreasuryStockMember 2018-07-01 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2018-09-30 0001397911 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001397911 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0001397911 us-gaap:CommonStockMember 2018-06-30 0001397911 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001397911 2018-06-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001397911 2019-06-30 0001397911 us-gaap:CommonStockMember 2019-09-30 0001397911 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001397911 us-gaap:CommonStockMember 2018-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001397911 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2019-06-30 0001397911 us-gaap:RetainedEarningsMember 2019-06-30 0001397911 us-gaap:TreasuryStockMember 2018-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001397911 us-gaap:CommonStockMember 2019-06-30 0001397911 us-gaap:RetainedEarningsMember 2018-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001397911 us-gaap:RetainedEarningsMember 2019-09-30 0001397911 us-gaap:RetainedEarningsMember 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001397911 us-gaap:TreasuryStockMember 2019-01-01 2019-09-30 0001397911 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001397911 us-gaap:TreasuryStockMember 2017-12-31 0001397911 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0001397911 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001397911 us-gaap:TreasuryStockMember 2018-12-31 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001397911 us-gaap:CommonStockMember 2018-12-31 0001397911 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001397911 us-gaap:RetainedEarningsMember 2018-12-31 0001397911 us-gaap:TreasuryStockMember 2018-01-01 2018-09-30 0001397911 us-gaap:CommonStockMember 2017-12-31 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001397911 us-gaap:RetainedEarningsMember 2017-12-31 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001397911 2017-12-31 0001397911 lpla:PtcHoldingsIncMember 2019-01-01 2019-09-30 0001397911 lpla:LplFinancialLlcMember 2019-09-30 0001397911 lpla:LplFinancialLlcMember 2019-01-01 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 lpla:SponsorshipProgramsMember 2019-07-01 2019-09-30 0001397911 lpla:SponsorshipProgramsMember 2018-01-01 2018-09-30 0001397911 lpla:CashsweepRevenueMember 2019-01-01 2019-09-30 0001397911 lpla:CashsweepRevenueMember 2019-07-01 2019-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2019-07-01 2019-09-30 0001397911 lpla:SponsorshipProgramsMember 2018-07-01 2018-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2018-07-01 2018-09-30 0001397911 lpla:CashsweepRevenueMember 2018-07-01 2018-09-30 0001397911 lpla:CashsweepRevenueMember 2018-01-01 2018-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2018-01-01 2018-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2019-01-01 2019-09-30 0001397911 lpla:SponsorshipProgramsMember 2019-01-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2018-07-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2019-01-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2018-01-01 2018-09-30 0001397911 lpla:OtherInvestmentMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2019-01-01 2019-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember 2018-01-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember 2019-07-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2019-07-01 2019-09-30 0001397911 lpla:OtherInvestmentMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2018-01-01 2018-09-30 0001397911 lpla:OtherInvestmentMember 2018-07-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2019-01-01 2019-09-30 0001397911 lpla:OtherInvestmentMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember 2019-07-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2019-07-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2018-07-01 2018-09-30 0001397911 srt:ScenarioForecastMember 2020-01-31 0001397911 2019-08-01 2019-08-01 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2018-12-31 0001397911 us-gaap:CustomerRelationshipsMember 2018-12-31 0001397911 us-gaap:TradeNamesMember 2018-12-31 0001397911 us-gaap:TradeNamesMember 2018-01-01 2018-12-31 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2018-12-31 0001397911 us-gaap:CustomerRelationshipsMember 2018-01-01 2018-12-31 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2018-01-01 2018-12-31 0001397911 lpla:ProductSponsorRelationshipsMember 2018-12-31 0001397911 us-gaap:TrademarksAndTradeNamesMember 2018-12-31 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2018-01-01 2018-12-31 0001397911 lpla:ProductSponsorRelationshipsMember 2018-01-01 2018-12-31 0001397911 lpla:ProductSponsorRelationshipsMember 2019-01-01 2019-09-30 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2019-09-30 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2019-01-01 2019-09-30 0001397911 us-gaap:TradeNamesMember 2019-09-30 0001397911 lpla:ProductSponsorRelationshipsMember 2019-09-30 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2019-01-01 2019-09-30 0001397911 us-gaap:CustomerRelationshipsMember 2019-09-30 0001397911 us-gaap:TradeNamesMember 2019-01-01 2019-09-30 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2019-09-30 0001397911 us-gaap:CustomerRelationshipsMember 2019-01-01 2019-09-30 0001397911 us-gaap:TrademarksAndTradeNamesMember 2019-09-30 0001397911 2018-01-01 2018-12-31 0001397911 lpla:LPLFinancialLLCDomain us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001397911 us-gaap:LineOfCreditMember 2019-07-01 2019-09-30 0001397911 us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001397911 us-gaap:LineOfCreditMember 2019-09-30 0001397911 us-gaap:LineOfCreditMember 2019-01-01 2019-09-30 0001397911 lpla:AdditionalSeniorUnsecuredNotesdue2025Member us-gaap:UnsecuredDebtMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2017-03-10 2017-03-10 0001397911 lpla:AdditionalSeniorUnsecuredNotesdue2025Member us-gaap:UnsecuredDebtMember 2017-09-21 0001397911 lpla:SeniorNotesDue2025Member us-gaap:UnsecuredDebtMember 2017-03-10 0001397911 us-gaap:RevolvingCreditFacilityMember 2019-01-01 2019-09-30 0001397911 lpla:LPLFinancialLLCDomain us-gaap:RevolvingCreditFacilityMember 2019-07-31 0001397911 us-gaap:RevolvingCreditFacilityMember 2018-12-31 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2019-09-30 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2018-12-31 0001397911 lpla:SeniorNotesDue2025Member us-gaap:UnsecuredDebtMember 2018-12-31 0001397911 lpla:SeniorNotesDue2025Member us-gaap:UnsecuredDebtMember 2019-09-30 0001397911 us-gaap:RevolvingCreditFacilityMember 2017-09-21 2017-09-21 0001397911 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:EurodollarMember 2017-09-21 2017-09-21 0001397911 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:EurodollarMember 2017-09-21 2017-09-21 0001397911 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:BaseRateMember 2017-09-21 2017-09-21 0001397911 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:BaseRateMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember us-gaap:EurodollarMember 2017-09-21 2017-09-21 0001397911 us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember us-gaap:BaseRateMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2017-09-21 2017-09-21 0001397911 srt:MinimumMember 2019-01-01 2019-09-30 0001397911 us-gaap:PropertyPlantAndEquipmentMember 2019-09-30 0001397911 srt:MaximumMember 2019-01-01 2019-09-30 0001397911 lpla:OptionsClearingCorporationMember 2019-09-30 0001397911 lpla:NationalSecuritiesClearingCorporationMember 2019-09-30 0001397911 lpla:OptionsClearingCorporationMember 2018-12-31 0001397911 2019-04-01 2019-06-30 0001397911 2018-04-01 2018-06-30 0001397911 2019-01-01 2019-03-31 0001397911 2018-01-01 2018-03-31 0001397911 lpla:RestrictedStockAwardsMember 2018-12-31 0001397911 lpla:RestrictedStockAwardsMember 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001397911 lpla:RestrictedStockAwardsMember 2019-01-01 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0001397911 lpla:EmployeesofficersanddirectorsMember lpla:StockoptionsandwarrantsMember 2019-01-01 2019-09-30 0001397911 lpla:RangeSixMember 2019-09-30 0001397911 lpla:RangeOneMember 2019-09-30 0001397911 lpla:RangeFourMember 2019-09-30 0001397911 lpla:RangeSixMember 2019-01-01 2019-09-30 0001397911 lpla:RangeThreeMember 2019-01-01 2019-09-30 0001397911 lpla:RangeOneMember 2019-01-01 2019-09-30 0001397911 lpla:RangeThreeMember 2019-09-30 0001397911 lpla:RangeTwoMember 2019-09-30 0001397911 lpla:RangeFiveMember 2019-09-30 0001397911 lpla:RangeFourMember 2019-01-01 2019-09-30 0001397911 lpla:RangeTwoMember 2019-01-01 2019-09-30 0001397911 lpla:RangeFiveMember 2019-01-01 2019-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember lpla:StockoptionsandwarrantsMember 2019-09-30 0001397911 lpla:AdvisorsandFinancialInstitutionsMember us-gaap:RestrictedStockUnitsRSUMember 2019-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember us-gaap:RestrictedStockMember 2019-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember lpla:StockoptionsandwarrantsMember 2018-07-01 2018-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember us-gaap:RestrictedStockMember 2019-01-01 2019-09-30 0001397911 lpla:AdvisorsandFinancialInstitutionsMember us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember lpla:StockoptionsandwarrantsMember 2019-07-01 2019-09-30 0001397911 lpla:AdvisorsandFinancialInstitutionsMember us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember us-gaap:RestrictedStockMember 2018-01-01 2018-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember lpla:StockoptionsandwarrantsMember 2018-01-01 2018-09-30 0001397911 lpla:AdvisorsandFinancialInstitutionsMember us-gaap:RestrictedStockUnitsRSUMember 2019-07-01 2019-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember us-gaap:RestrictedStockMember 2018-07-01 2018-09-30 0001397911 lpla:EmployeesofficersanddirectorsMember us-gaap:RestrictedStockMember 2019-07-01 2019-09-30 0001397911 lpla:AdvisorsandFinancialInstitutionsMember us-gaap:RestrictedStockUnitsRSUMember 2018-07-01 2018-09-30 0001397911 us-gaap:SubsequentEventMember 2019-10-21 0001397911 us-gaap:SubsequentEventMember 2019-10-21 2019-10-21 0001397911 us-gaap:SubsequentEventMember 2019-11-21 2019-11-21 0001397911 us-gaap:SubsequentEventMember 2019-11-07 2019-11-07 xbrli:pure iso4217:USD xbrli:shares xbrli:shares iso4217:USD utreg:Rate
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from            to
Commission File Number: 001-34963
LPL Financial Holdings Inc.
(Exact name of registrant as specified in its charter)
Delaware
20-3717839
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
75 State Street,
Boston,
Massachusetts
02109
(Address of Principal Executive Offices) (Zip Code)
(617)
423-3644
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock - par value $0.001 per share
LPLA
The Nasdaq Global Select Market
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes     o No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). x Yes     o No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer
x
Accelerated Filer
☐
Non-accelerated Filer
☐
Smaller Reporting Company
☐
 
 
Emerging Growth Company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  ☐ Yes    x No
The number of shares of Common Stock, par value $0.001 per share, outstanding as of October 23, 2019 was 80,831,085.

1

TABLE OF CONTENTS
Page
 
 

i

WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly, and current reports, proxy statements, and other information required by the Securities Exchange Act of 1934, as amended (“Exchange Act”), with the Securities and Exchange Commission (“SEC”). Our SEC filings are available to the public from the SEC’s internet site at SEC.gov.
We post the following filings to LPL.com as soon as reasonably practicable after they are electronically filed with or furnished to the SEC: our annual reports on Form 10-K, our proxy statements, our quarterly reports on Form 10-Q, our current reports on Form 8-K, and any amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act. Hard copies of all such filings are available free of charge by request via email (investor.relations@lpl.com), telephone ((617) 897-4574), or mail (LPL Financial Investor Relations at 75 State Street, 22nd Floor, Boston, MA 02109). The information contained or incorporated on our website is not a part of this Quarterly Report on Form 10-Q.
When we use the terms “LPLFH”, “LPL”, “we”, “us”, “our”, and the “Company”, we mean LPL Financial Holdings Inc., a Delaware corporation, and its consolidated subsidiaries, taken as a whole, unless the context otherwise indicates.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements in Part I, “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other sections of this Quarterly Report on Form 10-Q regarding the Company’s future financial and operating results, outlook, growth, plans, business strategies, liquidity and future share repurchases, including statements regarding future resolution of regulatory matters, legal proceedings and related costs, future revenue and expenses, future affiliation models and capabilities, market and macroeconomic trends, and projected savings and anticipated improvements to the Company’s operating model, services, and technologies as a result of its investments, initiatives, programs and/or acquisitions, as well as any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking statements. These forward-looking statements are based on the Company’s historical performance and its plans, estimates, and expectations as of October 29, 2019. The words “anticipates,” “believes,” “expects,” “may,” “plans,” “predicts,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees that the future results, plans, intentions, or expectations expressed or implied by the Company will be achieved. Matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive, and other factors, which may cause actual financial or operating results, levels of activity, or the timing of events, to be materially different than those expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include: changes in general economic and financial market conditions, including retail investor sentiment; changes in interest rates and fees payable by banks participating in the Company’s client cash programs, including the Company’s success in negotiating agreements with current or additional counterparties; the Company’s strategy and success in managing client cash program fees; fluctuations in the levels of brokerage and advisory assets, including net new assets, and the related impact on revenue; effects of competition in the financial services industry; the success of the Company in attracting and retaining financial advisors and institutions, and their ability to market effectively financial products and services; whether retail investors served by newly-recruited advisors choose to move their respective assets to new accounts at the Company; changes in growth and profitability of the Company’s fee-based business, including the Company’s centrally managed advisory platform; the effect of current, pending, and future legislation, regulation, and regulatory actions, including disciplinary actions imposed by federal and state regulators and self-regulatory organizations, and the implementation of Regulation BI (Best Interest); the cost of settling and remediating issues related to regulatory matters or legal proceedings, including actual costs of reimbursing customers for losses in excess of our reserves; changes made to the Company’s services and pricing, including in response to competitive developments and current, pending, and future legislation, regulation, and regulatory actions, and the effect that such changes may have on the Company’s gross profit streams and costs; execution of the Company’s capital management plans, including its compliance with the terms of its credit agreement and the indenture governing its senior notes; the price, the availability of shares, and trading volumes of the Company’s common stock, which will affect the timing and size of future share repurchases by the Company; execution of the Company’s plans and its success in realizing the synergies, expense savings, service improvements or efficiencies expected to result from its investments, initiatives and programs, including its acquisitions of Allen & Company of Florida, LLC (“Allen & Company”) and AdvisoryWorld and its expense plans and technology initiatives; the performance of third-party service providers to which business processes are transitioned; the Company’s ability to control operating risks, information technology systems risks, cybersecurity risks, and sourcing risks; and the other factors set forth in Part

ii

I, “Item 1A. Risk Factors” in the Company’s 2018 Annual Report on Form 10-K, as may be amended or updated in the Company’s Quarterly Reports on Form 10-Q. Except as required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this Quarterly Report on Form 10-Q, even if its estimates change, and you should not rely on statements contained herein as representing the Company’s views as of any date subsequent to the date of this Quarterly Report on Form 10-Q.

iii

PART I — FINANCIAL INFORMATION
Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
Business Overview
We are a leader in the retail financial advice market and the nation’s largest independent broker-dealer. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow their practices. We enable them to provide objective financial guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.
We believe that objective financial guidance is a fundamental need for everyone. We enable our advisors to focus on what they do best—create the personal, long-term relationships that are the foundation for turning life’s aspirations into financial realities. We do that through a singular focus on providing our advisors with the front-, middle-, and back-office support they need to serve the large and growing market for independent investment advice. We believe that we are the only company that offers advisors the unique combination of an integrated technology platform, comprehensive self-clearing services, and open architecture access to a wide range of non-proprietary products, all delivered in an environment unencumbered by conflicts from product manufacturing, underwriting, and market-making.
We believe investors achieve better outcomes when working with a financial advisor. We strive to make it easy for advisors to do what is best for their clients, while protecting advisors and investors and promoting independence and choice through access to a wide range of diligently evaluated non-proprietary products.
Executive Summary
Financial Highlights
Results for the third quarter of 2019 included net income of $131.7 million, or $1.57 per share, which compares to $106.9 million, or $1.19 per share, for the third quarter of 2018.
Asset Growth Trends
Total brokerage and advisory assets served were $719.3 billion as of September 30, 2019, up 6% from $681.0 billion as of September 30, 2018. Total net new assets were $9.9 billion for the three months ended September 30, 2019, compared to $4.4 billion for the same period in 2018.
Net new advisory assets were $9.2 billion for the three months ended September 30, 2019, compared to $5.1 billion for the same period in 2018. As of September 30, 2019, our advisory assets had grown to $338.0 billion, compared to $306.1 billion as of September 30, 2018, and represented 47% of total brokerage and advisory assets served.
Net new brokerage assets were an inflow of $0.6 billion for the three months ended September 30, 2019, compared to an outflow of $0.8 billion for the same period in 2018. As of September 30, 2019, our brokerage assets had grown to $381.3 billion from $374.9 billion as of September 30, 2018.
Gross Profit Trends
Gross profit, a non-GAAP financial measure, of $542.5 million for the three months ended September 30, 2019, increased 10% from $493.2 million for the quarter ended September 30, 2018. Gross profit is calculated as net revenues, which were $1,415.5 million for the three months ended September 30, 2019, less commission and advisory expenses and brokerage, clearing, and exchange fees. Management presents gross profit because we believe that measure may provide useful insight to investors in evaluating the Company’s core operating performance before indirect costs that are general and administrative in nature. See footnote 8 to the Financial Metrics table within the “How We Evaluate Our Business” section for additional information on gross profit.
Stockholder Capital Returns
We returned $150.8 million of capital to stockholders during the three months ended September 30, 2019, including $20.5 million of dividends and $130.3 million of share repurchases, representing 1,668,305 shares.

1

Our Sources of Revenue
Our revenues are derived primarily from fees and commissions from products and advisory services offered by our advisors to their clients, a substantial portion of which we pay out to our advisors, as well as fees we receive from our advisors for the use of our technology, custody, clearing, trust, and reporting platforms. We also generate asset-based revenues through our cash sweep vehicles and money market program and the access we provide to a variety of product providers with the following product lines:
• Alternative Investments
 
• Retirement Plan Products
• Annuities
 
• Separately Managed Accounts
• Exchange Traded Products
 
• Structured Products
• Insurance Based Products
 
• Unit Investment Trusts
• Mutual Funds
 
 
Under our self-clearing platform, we custody the majority of client assets invested in these financial products, for which we provide statements, transaction processing, and ongoing account management. In return for these services, mutual funds, insurance companies, banks, and other financial product manufacturers pay us fees based on asset levels or number of accounts managed. We also earn interest from margin loans made to our advisors’ clients.
We regularly review various aspects of our operations and service offerings, including our policies, procedures, and platforms, in response to marketplace developments. We seek to continuously improve and enhance aspects of our operations and service offerings in order to position our advisors for long-term growth and to align with competitive and regulatory developments. For example, we regularly review the structure and fees of our advisory programs, including related disclosures, in the context of the changing regulatory environment for retirement accounts.


2

How We Evaluate Our Business
We focus on several key business and financial metrics in evaluating the success of our business relationships and our resulting financial position and operating performance. Our key business and financial metrics are as follows:
 
Nine Months Ended September 30,
 
 
Business Metrics (dollars in billions) (balances may not foot due to rounding)
2019
 
2018
 
% Change
Advisory assets(1)(2)
$
338.0

 
$
306.1

 
10
%
Brokerage assets(1)(3)
381.3

 
374.9

 
2
%
Total Brokerage and Advisory Assets served(1)
$
719.3

 
$
681.0

 
6
%
 
 
 
 
 
 
Net new advisory assets(4)
$
20.4

 
$
22.6

 
n/m

Net new brokerage assets(5)
(2.6
)
 
23.2

 
n/m

Total Brokerage and Advisory Net New Assets
$
17.8

 
$
45.8

 
n/m

 
 
 
 
 
 
Insured cash account balances(1)
$
22.2

 
$
21.0

 
6
%
Deposit cash account balances(1)
4.6

 
3.9

 
18
%
Total Insured Sweep Balances
26.8

 
25.0

 
7
%
Money market account balances(1)
2.6

 
3.3

 
(21
%)
Purchased money market fund balances(1)
1.8

 
—

 
n/m

Total Client Cash Balances
$
31.2


$
28.2

 
11
%
 
 
 
 
 
 
Advisors
16,349

 
16,174

 
1
%
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Financial Metrics (dollars in millions, except per share data)
2019
 
2018
 
2019
 
2018
Total net revenues
$
1,415.5

 
$
1,331.0

 
$
4,177.0

 
$
3,871.4

Recurring gross profit rate (trailing twelve months)(6)
87.1
%
 
85.0
%
 
87.1
%
 
85.0
%
Pre-tax income
$
178.0

 
$
147.4

 
$
576.8

 
$
430.2

Net income
$
131.7

 
$
106.9

 
$
433.2

 
$
319.2

Earnings per share, diluted
$
1.57

 
$
1.19

 
$
5.07

 
$
3.49

 
 
 
 
 
 
 
 
Non-GAAP Financial Measures(7)
 
 
 
 
 
 
 
Gross profit(8)
$
542.5

 
$
493.2

 
$
1,634.1

 
$
1,439.9

Gross profit growth from prior period(8)
10.0
%
 
27.5
%
 
13.5
%
 
25.0
%
Gross profit as a % of net revenue(8)
38.3
%
 
37.1
%
 
39.1
%
 
37.2
%
_______________________________
(1)
Brokerage and advisory assets are comprised of assets that are custodied, networked, and non-networked and reflect market movement in addition to new assets, inclusive of new business development and net of attrition. Insured cash account balances, deposit cash account balances, money market account balances and purchased money market fund balances are also included in brokerage and advisory assets served.
(2)
Advisory assets consists of total advisory assets under custody at our broker-dealer subsidiary, LPL Financial LLC (“LPL Financial”). See Results of Operations for a tabular presentation of advisory assets.
(3)
Brokerage assets consists of assets serviced by advisors licensed with LPL Financial.
(4)
Net new advisory assets consists of total client deposits into custodied advisory accounts less total client withdrawals from custodied advisory accounts. We consider conversions from and to brokerage accounts as deposits and withdrawals, respectively.
(5)
Net new brokerage assets consists of total client deposits into brokerage accounts less total client withdrawals from brokerage accounts. We consider conversions from and to advisory accounts as deposits and withdrawals, respectively.
(6)
Recurring gross profit rate refers to the percentage of our gross profit, a non-GAAP financial measure, that was recurring for the period presented. We track recurring gross profit, a characterization of gross profit and a statistical measure, which

3

is defined to include asset-based revenues, advisory revenues, trailing commission revenues, and certain other fee revenues that are based upon the number of client accounts and advisors, less the expenses associated with such revenues and certain other recurring expenses not specifically associated with a revenue line. We allocate other recurring expenses on a pro-rata basis against specific revenue lines at our discretion. Because certain sources of recurring gross profit are associated with asset balances, they will fluctuate depending on the market values and current interest rates. Accordingly, our recurring gross profit can be negatively impacted by adverse external market conditions. However, we believe that recurring gross profit is meaningful despite these fluctuations because it is not dependent upon transaction volumes or other activity-based revenues, which are more difficult to predict, particularly in declining or volatile markets.
(7)
We believe that presenting certain non-GAAP financial measures by excluding or including certain items can be helpful to investors and analysts who may wish to use some or all of this information to analyze our current performance, prospects, and valuation. Our management uses this non-GAAP information internally to evaluate operating performance and in formulating the budget for future periods. We believe that the non-GAAP financial measures and metrics presented above and discussed below are appropriate for evaluating the performance of the Company.
(8)
Set forth below is a calculation of gross profit (in millions), calculated as net revenues less commission and advisory expenses and brokerage, clearing, and exchange fees. All other expense categories, including depreciation and amortization of fixed assets and amortization of intangible assets, are considered general and administrative in nature. Because our gross profit amounts do not include any depreciation and amortization expense, we consider our gross profit amounts to be non-GAAP financial measures that may not be comparable to those of others in our industry. We believe that gross profit amounts can provide investors with useful insight into our core operating performance before indirect costs that are general and administrative in nature.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Gross Profit (in millions)
2019
 
2018
 
2019
 
2018
Total net revenues
$
1,415.5

 
$
1,331.0

 
$
4,177.0

 
$
3,871.4

Commission and advisory expense
856.6

 
822.0

 
2,494.4

 
2,384.3

Brokerage, clearing, and exchange fees
16.4

 
15.8

 
48.5

 
47.2

Gross profit(1)
$
542.5


$
493.2


$
1,634.1


$
1,439.9

_______________________________
(1)
Balances may not foot due to rounding.
Legal & Regulatory Matters
As a regulated entity, we are subject to regulatory oversight and inquiries related to, among other items, our compliance and supervisory systems and procedures and other controls, as well as our disclosures, supervision and reporting. We review these items in the ordinary course of business in our effort to adhere to legal and regulatory requirements applicable to our operations. Nevertheless, the environment of additional regulation, increased regulatory compliance obligations, and enhanced regulatory enforcement has resulted, and may result in the future, in additional operational and compliance costs, as well as increased costs in the form of penalties and fines, investigatory and settlement costs, customer restitution, and remediation related to regulatory matters. In the ordinary course of business, we periodically identify or become aware of purported inadequacies, deficiencies, and other issues. It is our policy to evaluate these matters for potential securities law or regulatory violations, and other potential compliance issues. It is also our policy to self-report known violations and issues as required by applicable law and regulation. When deemed probable that matters may result in financial losses, we accrue for those losses based on an estimate of possible fines, customer restitution, and losses related to the repurchase of sold securities and other losses, as applicable. Certain regulatory and other legal claims and losses may be covered through our wholly-owned captive insurance subsidiary, which is chartered with the insurance commissioner in the state of Tennessee.
Assessing the probability of a loss occurring and the timing and amount of any loss related to a regulatory matter or a legal proceeding, whether or not covered by the Company’s captive insurance subsidiary, is inherently difficult and requires judgments based on a variety of factors and assumptions. There are particular uncertainties and complexities involved when assessing the adequacy of loss reserves for potential liabilities that are self-insured by our captive insurance subsidiary, which depends in part on historical claims experience, including the actual timing and costs of resolving matters that begin in one policy period and are resolved in a subsequent period.
Our accruals, including those established through the captive insurance subsidiary at September 30, 2019, include estimated costs for significant regulatory matters, generally relating to the adequacy of our compliance and supervisory systems and procedures and other controls, for which we believe losses are both probable and reasonably estimable. For example, on May 1, 2018, we agreed to a settlement structure with the North American

4

Securities Administrators Association related to our historical compliance with certain state “blue sky” laws, which resulted in aggregate fines of approximately $26.4 million. As part of the settlement structure, we engaged independent third party consultants to conduct a historical review of securities transactions and an operational review of our systems for complying with blue sky securities registration requirements. We also agreed to offer customers remediation in the form of reimbursement for any actual losses, plus interest. We believe our captive insurance subsidiary has adequate loss reserves to cover the aggregate fines and the costs of remediation. As of the date of this Quarterly Report on Form 10-Q, the historical review of transactions has been completed; however, the costs of potential customer remediation are still being calculated and cannot be estimated at this time. The actual costs of reimbursing customers for losses could exceed our reserves.
The outcome of regulatory matters could result in legal liability, regulatory fines, or monetary penalties in excess of our accruals and insurance, which could have a material adverse effect on our business, results of operations, cash flows, or financial condition. For more information on management’s loss contingency policies, see Note 10. Commitments and Contingencies, within the notes to the unaudited condensed consolidated financial statements.
In June 2018, the U.S. Court of Appeals for the Fifth Circuit issued a mandate invalidating regulations previously enacted by the U.S. Department of Labor (“DOL”) that expanded the definition of “fiduciary” and would have resulted in significant new restrictions on our servicing of certain retirement plan accounts subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and individual retirement accounts (“IRAs”), including compliance with expanded prohibited transaction requirements under section 4975 of the Internal Revenue Code (the “DOL Rule”). The DOL has indicated that it may propose a new fiduciary rule with regard to such accounts. Because ERISA plans and IRAs comprise a significant portion of our business, we continue to expect that compliance with current and future laws and regulations with respect to retail retirement savings and reliance on prohibited transaction exemptions under such laws and regulations will require increased legal, compliance, information technology, and other costs and could lead to a greater risk of class action lawsuits and other litigation.
In June 2019, the SEC adopted a new standard of conduct applicable to retail brokerage accounts (“Regulation BI”), with a compliance date of June 30, 2020. Regulation BI requires that broker-dealers act in the best interest of retail customers without placing their own financial or other interests ahead of the customer’s and imposes new obligations related to disclosure, duty of care, conflicts of interest and compliance. Certain state securities and insurance regulators have also adopted, proposed or are considering adopting similar laws and regulations. In addition, it is unclear how and whether other regulators - banking regulators, and the state securities and insurance regulators - may respond to or attempt to enforce similar issues addressed by the former DOL Rule and Regulation BI.
Uncertainty regarding pending and future laws and regulations, including with regard to the implementation of Regulation BI, a potential new rule proposed by the DOL and state rules, relating to the standards of conduct applicable to both retirement and non-retirement accounts, may have impacts on our business in ways which cannot be anticipated or planned for, and which may have further impact on our products and services, and results of operations.
Acquisitions, Integrations, and Divestitures
From time to time we undertake acquisitions or divestitures based on opportunities in the competitive landscape. These activities are part of our overall growth strategy, but can distort comparability when reviewing revenue and expense trends for periods presented.
On August 1, 2019, the Company acquired all of the outstanding equity interests of Allen & Company of Florida, LLC (“Allen & Company”), a broker-dealer and registered investment adviser. Allen & Company advisors and staff joined the Company as employees.
See Note 4. Acquisitions, within the notes to the unaudited condensed consolidated financial statements for further detail.

5

Economic Overview and Impact of Financial Market Events
Our business is directly and indirectly sensitive to several macroeconomic factors and the state of the U.S. financial markets. In the United States, economic data continued to point to slowing economic growth over the third quarter of 2019. According to the most recent estimate by the Bureau of Economic Analysis, real gross domestic product (“GDP”) grew at an annualized rate of 2.0% in the second quarter, with third quarter data consistent with continued growth at a similar rate. Growth has generally moderated over the last several quarters from over 3% growth seen in mid-2018, due in part to headwinds from slower global growth and uncertainty around trade policy. Forward expectations remain muted but not recessionary. The Federal Reserve’s (“Fed”) most recent median GDP projections, released following its September 17-18, 2019 policy meeting, put expected U.S. growth at 2.2% for all of 2019, which would signal growth expectations of under 2% over the final two quarters of the year. The median Fed projection for 2020 is 2%. Together these numbers imply that the boost to growth from fiscal stimulus has run its course and that growth will return to a rate modestly below the expansion average of 2.3%. The U.S. economy continues to be supported by strong household spending, supported by healthy labor markets and still low interest rates. Business investment, however, has softened amid trade uncertainty and manufacturing has slowed. The slowdown in global growth remains a key concern, with major international organizations, such as the International Monetary Fund and World Bank, lowering forecasts as the year has progressed.

Equity markets continued to bounce back from sharp declines in the fourth quarter of 2018 as increased central bank support offset growth concerns. Third quarter gains were modest but still positive, with the S&P 500 Index climbing 1.7% over the quarter, pushing its total return for the year to just over 20%. Both international developed and emerging market stocks have continued to lag behind U.S. markets, trailing again in the third quarter. Bonds also fared well during the quarter, helped by further declines in yields, with the benchmark 10-year Treasury yield falling to just under 1.7% (bond prices rise when yields falls.) The broad Bloomberg Barclays U.S. Aggregate Bond Index posted a 2.3% over the third quarter, bringing its total return for the year to 8.5%.

Our business is also sensitive to current and expected short-term interest rates, which are largely driven by Fed policy. Please consult the Risks Related to Our Business and Industry section within Part I, “Item 1A. Risk Factors” in our 2018 Annual Report on Form 10-K for more information about the risks associated with significant interest rate changes, and the potential related effects on our profitability and financial condition. The Fed instituted its first rate cut since 2008 in July 2019 and followed through with a second rate cut in September, bringing the federal funds rate target range to 1.75 - 2.0%. The minutes from both the July and September 2019 policy meetings revealed policymakers’ rising concerns about downside risks to growth forecasts, primarily from trade uncertainty and a weakening global growth outlook, despite a positive baseline expectation of continued moderate growth. In September, two members of the policy committee voted against the additional rate cut, while one voted for a larger cut, with the minutes revealing internal debate about how much future accommodation might be needed. At the same time, the policy statement continued to emphasize that any decision would be data dependent.





6

Results of Operations
The following discussion presents an analysis of our results of operations for the three and nine months ended September 30, 2019 and 2018. Where appropriate, we have identified specific events and changes that affect comparability or trends, and where possible and practical, have quantified the impact of such items.
 
Three Months Ended September 30,
 
 
 
Nine Months Ended September 30,
 
 
(In thousands)
2019
 
2018
 
% Change
 
2019
 
2018
 
% Change
REVENUES
 
 
 
 
 
 
 
 
 
 
 
Commission
$
474,993

 
$
486,875

 
(2.4
)%
 
$
1,415,487

 
$
1,449,771

 
(2.4
)%
Advisory
514,363

 
458,087

 
12.3
 %
 
1,449,610

 
1,319,391

 
9.9
 %
Asset-based
292,140

 
248,895

 
17.4
 %
 
877,054

 
706,834

 
24.1
 %
Transaction and fee
121,222

 
118,941

 
1.9
 %
 
362,037

 
352,045

 
2.8
 %
Interest income, net of interest expense
11,531

 
10,512

 
9.7
 %
 
35,542

 
28,426

 
25.0
 %
Other
1,276

 
7,687

 
(83.4
)%
 
37,231

 
14,891

 
150.0
 %
Total net revenues    
1,415,525

 
1,330,997

 
6.4
 %
 
4,176,961

 
3,871,358

 
7.9
 %
EXPENSES
 
 
 
 

 
 
 
 
 
 
Commission and advisory
856,635

 
821,950

 
4.2
 %
 
2,494,355

 
2,384,266

 
4.6
 %
Compensation and benefits
138,300

 
128,007

 
8.0
 %
 
407,000

 
373,884

 
8.9
 %
Promotional
61,715

 
52,628

 
17.3
 %
 
154,487

 
163,462

 
(5.5
)%
Depreciation and amortization
24,062

 
22,838

 
5.4
 %
 
70,116

 
65,759

 
6.6
 %
Amortization of intangible assets
16,286

 
15,676

 
3.9
 %
 
48,703

 
44,580

 
9.2
 %
Occupancy and equipment
34,417

 
30,308

 
13.6
 %
 
100,843

 
84,848

 
18.9
 %
Professional services
17,666

 
23,129

 
(23.6
)%
 
56,115

 
61,223

 
(8.3
)%
Brokerage, clearing, and exchange
16,380

 
15,844

 
3.4
 %
 
48,518

 
47,154

 
2.9
 %
Communications and data processing
12,535

 
12,334

 
1.6
 %
 
37,394

 
34,546

 
8.2
 %
Other
27,599

 
29,219

 
(5.5
)%
 
83,977

 
88,175

 
(4.8
)%
Total operating expenses    
1,205,595

 
1,151,933

 
4.7
 %
 
3,501,508

 
3,347,897

 
4.6
 %
Non-operating interest expense and other
31,944

 
31,705

 
0.8
 %
 
98,617

 
93,267

 
5.7
 %
INCOME BEFORE PROVISION FOR INCOME TAXES
177,986

 
147,359

 
20.8
 %
 
576,836

 
430,194

 
34.1
 %
PROVISION FOR INCOME TAXES
46,272

 
40,494

 
14.3
 %
 
143,632

 
111,033

 
29.4
 %
NET INCOME
$
131,714

 
$
106,865

 
23.3
 %
 
$
433,204

 
$
319,161

 
35.7
 %
 

7

Revenues
Commission Revenues
We generate two types of commission revenues: sales-based commissions and trailing commissions. Sales-based commission revenues, which occur when clients trade securities or purchase various types of investment products, primarily represent gross commissions generated by our advisors. The levels of sales-based commission revenues can vary from period to period based on the overall economic environment, number of trading days in the reporting period, and investment activity of our advisors’ clients. Trailing commission revenues, commissions that are paid over time, are recurring in nature and are earned based on the market value of investment holdings in trail-eligible assets. We earn trailing commission revenues primarily on mutual funds and variable annuities held by clients of our advisors. See Note 3. Revenues, within the notes to the unaudited condensed consolidated financial statements for further detail regarding our commission revenue by product category.
The following table sets forth our commission revenue, by sales-based and trailing commission revenue (in thousands):
 
Three Months Ended September 30,
 
 
 
2019
 
2018
 
$ Change
 
% Change
Sales-based
$
194,342

 
$
193,545

 
$
797

 
0.4
 %
Trailing
280,651

 
293,330

 
(12,679
)
 
(4.3
)%
Total commission revenue
$
474,993

 
$
486,875

 
$
(11,882
)
 
(2.4
)%
The increase in sales-based commission revenue for the three months ended September 30, 2019, compared with the same period in 2018 was driven by market volatility that led to an increase in sales of mutual funds and variable annuities.
The decrease in trailing revenues for the three months ended September 30, 2019, compared with the same period in 2018 was primarily due to market volatility impacting the underlying market value of mutual funds and variable annuities.
The following table sets forth our commission revenue, by sales-based and trailing commission revenue (in thousands):
 
Nine Months Ended September 30,
 
 
 
2019
 
2018
 
$ Change
 
% Change
Sales-based
$
588,872

 
$
577,308

 
$
11,564

 
2.0
 %
Trailing
826,615

 
872,463

 
(45,848
)
 
(5.3
)%
Total commission revenue
$
1,415,487

 
$
1,449,771

 
$
(34,284
)
 
(2.4
)%
The increase in sales-based commission revenue for the nine months ended September 30, 2019, compared with the same period in 2018 was driven by market volatility that led to an increase in sales of fixed annuities, partially offset by a decrease in activity for equities.
The decrease in trailing revenues for the nine months ended September 30, 2019, compared with the same period in 2018 was primarily due to market volatility impacting the underlying market value of mutual funds and variable annuities.

8

The following table summarizes activity in brokerage assets for the periods presented (in billions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Balance - Beginning of period
$
378.7

 
$
367.5

 
$
346.0

 
$
342.1

 
Net new brokerage assets
0.6

 
(0.8
)
 
(2.6
)
 
23.2

(1) 
Market impact(2)
2.0

 
8.2

 
37.9

 
9.6

 
Balance - End of period
$
381.3

 
$
374.9

 
$
381.3

 
$
374.9

 
_______________________________
(1)
Includes assets attributable to the Company’s acquisition of the broker-dealer network of National Planning Holdings, Inc. (“NPH”).
(2)
Market impact is the difference between the beginning and ending asset balance less the net new asset amounts, with such difference representing the implied growth or decline in asset balances due to market changes over the same period of time.
Advisory Revenues
Advisory revenues primarily represent fees charged on our corporate registered investment advisor (“RIA”) platform provided to clients of our advisors based on the value of their advisory assets. Advisory fees are billed to clients on either a calendar quarter or non-calendar quarter basis of their choice, at the beginning of that period, and are recognized as revenue ratably during the quarter. The majority of our accounts are billed in advance using values as of the last business day of each immediately preceding calendar quarter. The value of the assets in an advisory account on the billing date determines the amount billed, and accordingly, the revenues earned in the following three month period. Advisory revenues collected on our corporate advisory platform are proposed by the advisor and agreed to by the client and average 1.0% of the underlying assets with a maximum of 2.5% of the underlying assets as of September 30, 2019.
We also support separate investment adviser firms (“Hybrid RIAs”) through our independent advisory platform, which allows advisors to engage us for technology, clearing, and custody services, as well as access to the capabilities of our investment platforms. The assets held under a Hybrid RIA’s investment advisory accounts custodied with LPL Financial are included in our brokerage and advisory assets, net new advisory assets, and advisory assets under custody metrics. However, we charge separate fees to Hybrid RIAs for technology, clearing, administrative, oversight, and custody services. The administrative fees collected on our independent advisory platform vary and can reach a maximum of 0.2% of the underlying assets as of September 30, 2019.
The following table summarizes the composition of total advisory assets as of September 30, 2019 and 2018 (in billions):
 
September 30,
 
 
 
 
 
2019
 
2018
 
$ Change

 
% Change

Corporate platform advisory assets
$
209.4

 
$
184.8

 
$
24.6

 
13.3
%
Hybrid platform advisory assets
128.6

 
121.3

 
7.3

 
6.0
%
Total advisory assets
$
338.0

 
$
306.1

 
$
31.9

 
10.4
%
Furthermore, we support certain financial advisors at broker-dealers affiliated with insurance companies through our customized advisory platforms and charge fees to these advisors based on the value of assets within these advisory accounts.

9

The following table summarizes activity in advisory assets (in billions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Balance - Beginning of period
$
327.3

 
$
291.5

 
$
282.0

 
$
273.0

 
Net new advisory assets
9.2

 
5.1

 
20.4

 
22.6

(1) 
Market impact(2)
1.5

 
9.5

 
35.6

 
10.5

 
Balance - End of period
$
338.0

 
$
306.1

 
$
338.0

 
$
306.1

 
_______________________________
(1)
Includes assets attributable to the Company’s acquisition of NPH.
(2)
Market impact is the difference between the beginning and ending asset balance less the net new asset amounts, representing the implied growth or decline in asset balances due to market changes over the same period of time.
Net new advisory assets for the three and nine months ended September 30, 2019 and 2018 had a limited impact on our advisory revenue for those respective periods. Rather, net new advisory assets are a primary driver of future advisory revenue. The revenue for any particular quarter is primarily driven by the value of each of the prior quarter’s month-end advisory assets under custody.
The growth in advisory revenue for the three and nine months ended September 30, 2019 compared to the same periods in 2018 was due to net new advisory assets resulting from our recruiting efforts and strong advisor productivity, as well as market gains as represented by higher levels of the S&P 500 index.
Asset-Based Revenues
Asset-based revenues are comprised of our sponsorship programs with financial product manufacturers, omnibus processing and networking services, collectively referred to as recordkeeping, and fees from our client cash programs. We receive fees from certain financial product manufacturers in connection with sponsorship programs that support our marketing and sales education and training efforts. Omnibus processing revenues are paid to us by mutual fund product sponsors and are based on the value of custodied assets in advisory accounts and the number of brokerage accounts in which the related mutual fund positions are held. Networking revenues on brokerage assets are correlated to the number of positions we administer and are paid to us by mutual fund and annuity product manufacturers. Client cash-based revenues are generated on advisors’ clients’ cash balances in insured sweep accounts at various banks and money market programs. Pursuant to contractual arrangements, we receive fees based on account type and invested balances for administration and recordkeeping.
Asset-based revenues for the three and nine months ended September 30, 2019 increased compared to the same periods in 2018 primarily due to increased revenues from our client cash programs, sponsorship programs and recordkeeping revenues.
Client cash revenue for the three and nine months ended September 30, 2019 increased compared to the same periods in 2018 due to the impact of a higher federal funds effective rate during 2019. For the three months ended September 30, 2019, our average client cash balances increased as compared to the same period in 2018, with balances of $30.7 billion and $28.2 billion, respectively. For the nine months ended September 30, 2019, our average client cash balances increased as compared to the same period in 2018, with balances of $30.6 billion and $28.7 billion, respectively.
Revenues for our recordkeeping and sponsorship programs for the three and nine months ended September 30, 2019, which are largely based on the market value of the underlying assets, increased compared to the same periods in 2018 due to the impact of market appreciation on the value of those underlying assets.
Transaction and Fee Revenues
Transaction revenues primarily include fees we charge to our advisors and their clients for executing certain transactions in brokerage and fee-based advisory accounts. Fee revenues primarily include IRA custodian fees, contract and licensing fees, and other client account fees. In addition, we host certain advisor conferences that serve as training, education, sales, and marketing events, for which we charge a fee for attendance.
Transaction and fee revenues increased for the three and nine months ended September 30, 2019 compared to the same periods in 2018 primarily due to the expansion of advisor and client-based fee revenue driven by advisor growth.

10

Interest Income, Net of Interest Expense
We earn interest income from client margin accounts and cash equivalents, net of operating expense. Period-over-period variances correspond to changes in the average balances of assets in margin accounts and cash equivalents as well as changes in interest rates.
Interest income, net of interest expense increased for the three and nine months ended September 30, 2019, compared to the same periods in 2018 primarily due to the impact of higher interest rates.
Other Revenues
Other revenues primarily include mark-to-market gains or losses on assets held by us in our advisor non-qualified deferred compensation plan and model research portfolios, marketing allowances received from certain financial product manufacturers, primarily those who offer alternative investments, such as non-traded real estate investment trusts and business development companies, and other miscellaneous revenues.
Other revenues decreased for the three months ended September 30, 2019 compared to the same period in 2018 primarily due to unrealized losses on assets held in our advisor non-qualified deferred compensation plan and a decrease in dividend income on assets held in our advisor non-qualified deferred compensation plan.
Other revenues increased for the nine months ended September 30, 2019 compared to the same period in 2018 primarily due to unrealized gains on assets held in our advisor non-qualified deferred compensation plan and an increase in dividend income on assets held in our advisor non-qualified deferred compensation plan.
Expenses
Commission and Advisory Expenses
Commission and advisory expenses are comprised of the following: base payout amounts that are earned by and paid out to advisors and institutions based on commission and advisory revenues earned on each client’s account; production based bonuses earned by advisors and institutions based on the levels of commission and advisory revenues they produce; the recognition of share-based compensation expense from equity awards granted to advisors and financial institutions; and the deferred commissions and advisory fee expenses associated with mark-to-market gains or losses on the non-qualified deferred compensation plan offered to our advisors.
The following table shows the components of our payout ratio, which is a statistical or operating measure:
 
Three Months Ended September 30,
 
Change
 
Nine Months Ended September 30,
 
Change
 
2019
 
2018
 
 
2019
 
2018
 
Base payout rate(1)
83.05
%
 
83.12
%
 
(7 bps)
 
83.13
%
 
83.07
%
 
6 bps
Production based bonuses
3.61
%
 
3.36
%
 
25 bps
 
2.96
%
 
2.75
%
 
21 bps
Total payout ratio
86.66
%
 
86.48
%
 
18 bps
 
86.09
%
 
85.82
%
 
27 bps
_______________________________
(1)
Our base payout rate is calculated as commission and advisory expenses less production based bonuses and mark-to-market gains or losses on the non-qualified deferred compensation plan, divided by commission and advisory revenues.
Our total payout ratio increased for the three and nine months ended September 30, 2019 compared with the same periods in 2018 primarily due to an increase in production based bonuses which were driven by an increase in advisory revenue.
Compensation and Benefits Expense
Compensation and benefits expense includes salaries and wages and related benefits and taxes for our employees (including share-based compensation), as well as compensation for temporary employees and consultants.
 
Three Months Ended September 30,
 
 
 
Nine Months Ended September 30,
 
 
 
2019
 
2018
 
Change
 
2019
 
2018
 
Change
Average number of employees
4,376
 
4,078
 
7.3%
 
4,323
 
3,947
 
9.5%
Compensation and benefits expense increased for the three and nine months ended September 30, 2019 compared with the same periods in 2018 due to an increase in salary expenses resulting from an increase in headcount.

11

Promotional Expense
Promotional expenses include costs related to our hosting of certain advisor conferences that serve as training, sales, and marketing events, as well as business development costs related to recruiting, such as transition assistance and expenses associated with loans issued to advisors.
The increase in promotional expense for the three months ended September 30, 2019 compared with the same period in 2018 was primarily driven by increases in expenses associated with advisor loans and our largest annual advisor conference.
The decrease in promotional expense for the nine months ended September 30, 2019 compared with the same period in 2018 was primarily driven by 2018 recruiter and advisor costs related to the onboarding of advisors from NPH, offset by an increase in expense associated with advisor loans.
Depreciation and Amortization Expense
Depreciation and amortization expense represents the benefits received for using long-lived assets. Those assets consist of fixed assets, which include internally developed software, hardware, leasehold improvements, and other equipment.
The increase in depreciation and amortization expense for the three months ended September 30, 2019 compared with the same period in 2018 was primarily due to an increase in internally developed software.
The increase in depreciation and amortization expense for the nine months ended September 30, 2019 compared with the same period in 2018 was primarily due to increases in purchased hardware and software.
Amortization of Intangible Assets
Amortization of intangible assets represents the benefits received for using long-lived assets, which consist of intangible assets established through our acquisitions.
Amortization of intangible assets remained relatively flat for the three months ended September 30, 2019 compared with the same period in 2018.
The increase in amortization of intangible assets for the nine months ended September 30, 2019 compared with the same period in 2018 was due to the intangible assets recorded during 2018 as part of our acquisition of NPH.
Occupancy and Equipment Expense
Occupancy and equipment expense includes the costs of leasing and maintaining our office spaces, software licensing and maintenance costs, and maintenance expenses on computer hardware and other equipment.
The increase in occupancy and equipment expense for the three and nine months ended September 30, 2019 compared with the same periods in 2018 was primarily due to an increase in costs related to software licensing fees in support of our service and technology investments.
Professional Services
Professional services includes costs paid to outside firms for assistance with legal, accounting, technology, regulatory, marketing, and general corporate matters, as well as non-capitalized costs related to service and technology enhancements.
The decrease in professional services for the three and nine months ended September 30, 2019 compared with the same periods in 2018 was primarily due to decreases in non-capitalized costs related to our service and technology projects during the period.
Brokerage, Clearing, and Exchange Fees
Brokerage, clearing, and exchange fees include expenses originating from trading or clearing operations as well as any exchange membership fees. Changes in brokerage, clearing and exchange fees fluctuate largely in line with the volume of sales and trading activity.
The slight increase in brokerage, clearing, and exchange fees is relatively consistent with the volume of sales and trading activity for the three and nine months ended September 30, 2019 compared with the same periods in 2018.

12

Communications and Data Processing
Communications expense consists primarily of the cost of voice and data telecommunication lines supporting our business, including connectivity to data centers, exchanges, and markets. Data processing expense consists primarily of customer statement processing and postage costs.
The increase in communications and data processing expense for the three and nine months ended September 30, 2019 compared with the same periods in 2018 was primarily due to client statement production.
Other Expenses
Other expenses include the estimated costs of the investigation, settlement and resolution of regulatory matters (including customer restitution and remediation), licensing fees, insurance, broker-dealer regulator fees, and other miscellaneous expenses. Other expenses will depend in part on the size and timing of resolving regulatory matters and the availability of self-insurance coverage, which depends in part on the amount and timing of resolving historical claims. There are particular uncertainties and complexities involved when assessing the potential costs and timing of regulatory matters, including the adequacy of loss reserves for potential liabilities that are self-insured by our captive insurance subsidiary.
The decrease in other expenses for the three months ended September 30, 2019 compared with the same period in 2018 was primarily driven by lower insurance costs.
The decrease in other expenses for the nine months ended September 30, 2019 compared with the same period in 2018 was primarily driven by lower costs associated with the investigation, settlement, and resolution of regulatory matters and insurance costs.
Non-Operating Interest Expense and Other
Non-operating interest expense and other represents expense from our senior secured credit facilities, senior unsecured notes, finance leases and other non-operating expenses.
Non-operating interest expense and other remained relatively flat for the three months ended September 30, 2019 compared with the same period in 2018.
The increase in non-operating interest expense and other for the nine months ended September 30, 2019 compared with the same period in 2018 was primarily driven by higher LIBOR rates in the beginning of 2019.
Provision for Income Taxes
We estimate our full-year effective income tax rate at the end of each reporting period. This estimate is used in providing for income taxes on a year-to-date basis and may change in subsequent interim periods. The tax rate in any quarter can be affected positively and negatively by adjustments that are required to be reported in the quarter in which resolution of a particular item occurs. The effective income tax rates reflect the impact of state taxes, settlement contingencies, tax credits, and other permanent differences in tax deductibility of certain expenses.
Our effective tax rate was 26.0% and 27.5% for the three months ended September 30, 2019 and 2018, respectively. The decrease in our effective tax rate for the three months ended September 30, 2019 compared with the same period in 2018 was primarily due to a deduction associated with stock option exercises under Accounting Standards Codification (“ASC”) Topic 718.
Our effective tax rate was 24.9% and 25.8% for the nine months ended September 30, 2019 and 2018, respectively. The decrease in our effective tax rate for the nine months ended September 30, 2019 compared with the same period in 2018 was primarily due to the settlement of legal contingencies in 2018.
Liquidity and Capital Resources
Senior management establishes our liquidity and capital policies. These policies include senior management’s review of short- and long-term cash flow forecasts, review of capital expenditures, and daily monitoring of liquidity for our subsidiaries. Decisions on the allocation of capital are based upon, among other things, projected profitability and cash flow, risks of the business, regulatory capital requirements, and future liquidity needs for strategic activities. Our Treasury department assists in evaluating, monitoring, and controlling the business activities that impact our financial condition, liquidity, and capital structure. The objectives of these policies are to support our corporate business strategies while ensuring ongoing and sufficient liquidity.

13

A summary of changes in cash flow data is provided as follows (in thousands):
 
Nine Months Ended September 30,
 
2019
 
2018
Net cash flows (used in) provided by:
 
 
 
Operating activities
$
509,769

 
$
196,063

Investing activities
(129,129
)
 
(86,353
)
Financing activities
(434,076
)
 
(341,937
)
Net decrease in cash, cash equivalents and restricted cash
(53,436
)
 
(232,227
)
Cash, cash equivalents and restricted cash — beginning of period
1,562,119

 
1,625,655

Cash, cash equivalents and restricted cash — end of period
$
1,508,683

 
$
1,393,428

Cash requirements and liquidity needs are primarily funded through our cash flow from operations and our capacity for additional borrowing.
Net cash flows provided by operating activities include net income and adjustments for non-cash expenses, changes in operating assets and liabilities, including balances related to the settlement and funding of client transactions, receivables from product sponsors, and accrued commission and advisory expenses due to our advisors. Operating assets and liabilities that arise from the settlement and funding of transactions by our advisors’ clients are the principal cause of changes to our net cash from operating activities and can fluctuate significantly from day to day and period to period depending on overall trends and clients’ behaviors.
The increase in cash flows provided by operating activities for the nine months ended September 30, 2019 compared to the same period in 2018 was primarily attributable to an increase in net income and payables to clients due to the timing of payments made. These were partially offset by an increase in advisor loans and a decrease in drafts payable and income taxes payable.
The increase in cash flows used in investing activities for the nine months ended September 30, 2019 compared to the same period in 2018 was due to an increase in capital expenditures to support our technology projects and our Allen & Company acquisition.
The increase in cash flows used in financing activities for the nine months ended September 30, 2019 compared to the same period in 2018 was primarily attributable to an increase in repurchases of our common stock.
We believe that based on current levels of operations and anticipated growth, cash flow from operations, together with other available sources of funds, which include three uncommitted lines of credit, the revolving credit facility established through our senior secured credit agreement (the “Credit Agreement”) and the revolving credit facility of LPL Financial, our registered broker-dealer subsidiary, will be adequate to satisfy our working capital needs, the payment of all of our obligations, and the funding of anticipated capital expenditures for the foreseeable future. In addition, we have certain capital adequacy requirements related to our registered broker-dealer subsidiary and bank trust subsidiary and have met all such requirements and expect to continue to do so for the foreseeable future. We regularly evaluate our existing indebtedness, including refinancing thereof, based on a number of factors, including our capital requirements, future prospects, contractual restrictions, the availability of refinancing on attractive terms, and general market conditions.
Share Repurchases
We engage in share repurchase programs, which are approved by our board of directors (the “Board of Directors”), pursuant to which we may repurchase our issued and outstanding shares of common stock from time to time. Purchases may be effected in open market or privately negotiated transactions, including transactions with our affiliates, with the timing of purchases and the amount of stock purchased generally determined at our discretion within the constraints of our Credit Agreement, the indenture governing our senior unsecured notes (the “Indenture”), and general liquidity needs. See Note 11. Stockholders’ Equity, within the notes to the unaudited condensed consolidated financial statements for additional information regarding our share repurchases.
Dividends
The payment, timing, and amount of any dividends are subject to approval by the Board of Directors as well as certain limits under our Credit Agreement and the Indenture. See Note 11. Stockholders’ Equity, within the notes to the unaudited condensed consolidated financial statements for additional information regarding our dividends.

14

Operating Capital Requirements
Our primary requirement for working capital relates to funds we loan to our advisors’ clients for trading conducted on margin and funds we are required to maintain for regulatory capital and reserves based on the requirements of our regulators and clearing organizations, which also consider client balances and trading activities. We have several sources of funds that enable us to meet increases in working capital requirements that relate to increases in client margin activities and balances. These sources include cash and cash equivalents on hand, cash segregated under federal and other regulations, the revolving credit facility of LPL Financial and proceeds from repledging or selling client securities in margin accounts. When an advisor’s client purchases securities on margin or uses securities as collateral to borrow from us on margin, we are permitted, pursuant to the applicable securities industry regulations, to repledge, loan, or sell securities, up to 140% of the client’s margin loan balance, that collateralize those margin accounts. As of September 30, 2019, we had approximately $331.8 million of client margin loans, collateralized with securities having a fair value of approximately $464.5 million that we can repledge, loan, or sell. Of these securities, approximately $65.5 million were client-owned securities pledged to the Options Clearing Corporation as collateral to secure client obligations related to options positions. As of September 30, 2019, there were no restrictions that materially limited our ability to repledge, loan, or sell the remaining $399.0 million of client collateral.
Our other working capital needs are primarily related to advisor loans and timing associated with receivables and payables, which we have satisfied in the past from internally generated cash flows.
We may sometimes be required to fund timing differences arising from the delayed receipt of client funds associated with the settlement of client transactions in securities markets. These timing differences are funded either with internally generated cash flow or, if needed, with funds drawn on our uncommitted lines of credit of our registered broker-dealer subsidiary LPL Financial, or under one of our revolving credit facilities.
LPL Financial is subject to the SEC’s Uniform Net Capital Rule, which requires the maintenance of minimum net capital. LPL Financial computes net capital requirements under the alternative method, which requires firms to maintain minimum net capital, as defined, equal to the greater of $250,000 or 2.0% of aggregate debit balances arising from client transactions. At September 30, 2019, LPL Financial had net capital of $178.3 million with a minimum net capital requirement of $8.9 million.
LPL Financial’s ability to pay dividends greater than 10% of its excess net capital during any 35 day rolling period requires approval from the Financial Industry Regulatory Authority (“FINRA”). In addition, payment of dividends is restricted if LPL Financial’s net capital would be less than 5.0% of aggregate customer debit balances.
LPL Financial also acts as an introducing broker for commodities and futures. Accordingly, its trading activities are subject to the National Futures Association’s (“NFA”) financial requirements and it is required to maintain net capital that is in excess of or equal to the greatest of NFA’s minimum financial requirements. The NFA was designated by the Commodity Futures Trading Commission as LPL Financial’s primary regulator for such activities. Currently, the highest NFA requirement is the minimum net capital calculated and required pursuant to the SEC’s Net Capital Rule.
Our subsidiary, The Private Trust Company, N.A. (“PTC”), is also subject to various regulatory capital requirements. Failure to meet the respective minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have substantial monetary and non-monetary impacts on PTC’s operations.

15

Debt and Related Covenants
See Note 8. Debt, within the notes to the unaudited condensed consolidated financial statements for further detail regarding the Credit Agreement.
The Credit Agreement and the Indenture contain a number of covenants that, among other things, restrict, subject to certain exceptions, our ability to:
•
incur additional indebtedness or issue disqualified stock or preferred stock;
•
declare dividends, or other distributions to stockholders;
•
repurchase equity interests;
•
redeem indebtedness that is subordinated in right of payment to certain debt instruments;
•
make investments or acquisitions;
•
create liens;
•
sell assets;
•
guarantee indebtedness;
•
engage in certain transactions with affiliates;
•
enter into agreements that restrict dividends or other payments from subsidiaries; and
•
consolidate, merge or transfer all or substantially all of our assets.
Our Credit Agreement and the Indenture prohibit us from paying dividends and distributions or repurchasing our capital stock except for limited purposes or in limited amounts. In addition, our revolving credit facility requires compliance with certain financial covenants as of the last day of each fiscal quarter. The financial covenants require the calculation of Credit Agreement EBITDA, defined in the Credit Agreement as “Consolidated EBITDA,” which is Consolidated Net Income (as defined in the Credit Agreement) plus interest expense, tax expense, depreciation and amortization, and further adjusted to exclude certain non-cash charges and other adjustments (including unusual or non-recurring charges) and gains, and to include future expected cost savings, operating expense reductions or other synergies from certain transactions.
As of September 30, 2019, we were in compliance with both of our financial covenants, a maximum Consolidated Total Debt to Consolidated EBITDA Ratio (“Leverage Test,” as defined in the Credit Agreement) and a minimum Consolidated EBITDA to Consolidated Interest Expense Ratio (“Interest Coverage,” as defined in the Credit Agreement). The breach of these financial covenants would subject us to certain equity cure rights. The permitted ratios under our financial covenants and actual ratios were as follows:
Financial Ratio
Covenant Requirement
 
Actual
Ratio
Leverage Test (Maximum)
5.00
 
2.00
Interest Coverage (Minimum)
3.00
 
8.75
Off-Balance Sheet Arrangements
We enter into various off-balance-sheet arrangements in the ordinary course of business, primarily to meet the needs of our advisors’ clients. These arrangements include Company commitments to extend credit. For information on these arrangements, see Note 10. Commitments and Contingencies and Note 17. Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk, within the notes to the unaudited condensed consolidated financial statements.
Contractual Obligations
During the nine months ended September 30, 2019, there were no material changes in our contractual obligations, other than in the ordinary course of business, from those disclosed in our 2018 Annual Report on Form 10-K. See Note 8. Debt and Note 10. Commitments and Contingencies, within the notes to the unaudited condensed consolidated financial statements, as well as the Contractual Obligations section within Part II, “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2018 Annual Report on Form 10-K, for further detail on operating lease obligations and obligations under noncancelable service contracts.

16

Fair Value of Financial Instruments
We use fair value measurements to record certain financial assets and liabilities at fair value and to determine fair value disclosures. See Note 5. Fair Value Measurements, within the notes to the unaudited condensed consolidated financial statements for a detailed discussion regarding our fair value measurements.
Critical Accounting Policies and Estimates
In the notes to our consolidated financial statements and in Part II, “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2018 Annual Report on Form 10-K, we have disclosed those accounting policies that we consider to be significant in determining our results of operations and financial condition. For the Company’s significant accounting policies affecting leases, see Note 9. Leases, within the notes to the unaudited condensed consolidated financial statements. There have been no other material changes to those policies that we consider to be significant since the filing of our 2018 Annual Report on Form 10-K. The accounting principles used in preparing our unaudited condensed consolidated financial statements conform in all material respects to GAAP.
Recently Issued Accounting Pronouncements
Refer to Note 2. Summary of Significant Accounting Policies, within the notes to the unaudited condensed consolidated financial statements for a discussion of recent accounting pronouncements or changes in accounting pronouncements that are of significance, or potential significance, to us.

17

Item 1. Financial Statements (unaudited)
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Income
(Unaudited)
(In thousands, except per share data)
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
REVENUES
 
 
 
 
 
 
 
 
Commission
 
$
474,993

 
$
486,875

 
$
1,415,487

 
$
1,449,771

Advisory
 
514,363

 
458,087

 
1,449,610

 
1,319,391

Asset-based
 
292,140

 
248,895

 
877,054

 
706,834

Transaction and fee
 
121,222

 
118,941

 
362,037

 
352,045

Interest income, net of interest expense
 
11,531

 
10,512

 
35,542

 
28,426

Other
 
1,276

 
7,687

 
37,231

 
14,891

Total net revenues
 
1,415,525

 
1,330,997

 
4,176,961

 
3,871,358

EXPENSES
 
 
 
 
 
 
 
 

Commission and advisory
 
856,635

 
821,950

 
2,494,355

 
2,384,266

Compensation and benefits
 
138,300

 
128,007

 
407,000

 
373,884

Promotional
 
61,715

 
52,628

 
154,487

 
163,462

Depreciation and amortization
 
24,062

 
22,838

 
70,116

 
65,759

Amortization of intangible assets
 
16,286

 
15,676

 
48,703

 
44,580

Occupancy and equipment
 
34,417

 
30,308

 
100,843

 
84,848

Professional services
 
17,666

 
23,129

 
56,115

 
61,223

Brokerage, clearing, and exchange
 
16,380

 
15,844

 
48,518

 
47,154

Communications and data processing
 
12,535

 
12,334

 
37,394

 
34,546

Other
 
27,599

 
29,219

 
83,977

 
88,175

Total operating expenses
 
1,205,595

 
1,151,933

 
3,501,508

 
3,347,897

Non-operating interest expense and other
 
31,944

 
31,705

 
98,617

 
93,267

INCOME BEFORE PROVISION FOR INCOME TAXES
 
177,986

 
147,359

 
576,836

 
430,194

PROVISION FOR INCOME TAXES
 
46,272

 
40,494

 
143,632

 
111,033

NET INCOME
 
$
131,714

 
$
106,865

 
$
433,204

 
$
319,161

EARNINGS PER SHARE (Note 13)
 
 
 
 
 
 
 
 

Earnings per share, basic
 
$
1.61

 
$
1.22

 
$
5.20

 
$
3.59

Earnings per share, diluted
 
$
1.57

 
$
1.19

 
$
5.07

 
$
3.49

Weighted-average shares outstanding, basic
 
81,833

 
87,426

 
83,315

 
88,841

Weighted-average shares outstanding, diluted
 
83,844

 
89,878

 
85,421

 
91,447

See notes to unaudited condensed consolidated financial statements.

18

LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Financial Condition
(Unaudited)
(In thousands, except share data)
ASSETS
September 30,
2019
 
December 31, 2018
Cash and cash equivalents
$
929,536

 
$
511,096

Cash segregated under federal and other regulations
526,741

 
985,195

Restricted cash
52,406

 
65,828

Receivables from:
 
 
 
Clients, net of allowance of $730 at September 30, 2019 and $640 at December 31, 2018
418,976

 
412,944

Product sponsors, broker-dealers, and clearing organizations
171,151

 
166,793

Advisor loans, net of allowance of $5,168 at September 30, 2019 and $5,080 at December 31, 2018
397,653

 
298,821

Others, net of allowance of $10,989 at September 30, 2019 and $8,099 at December 31, 2018
268,262

 
248,711

Securities owned:
 
 
 
Trading — at fair value
32,774

 
29,267

Held-to-maturity — at amortized cost
13,043

 
13,001

Securities borrowed
10,231

 
4,829

Fixed assets, net of accumulated depreciation and amortization of $364,405 at September 30, 2019 and $308,155 at December 31, 2018
504,410

 
461,418

Operating lease assets
104,305

 
—

Goodwill
1,502,679

 
1,490,247

Intangible assets, net of accumulated amortization of $528,022 at September 30, 2019 and $479,319 at December 31, 2018
456,469

 
484,171

Other assets
351,912

 
305,147

Total assets
$
5,740,548

 
$
5,477,468

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
LIABILITIES:
Drafts payable
$
141,423

 
$
225,034

Payables to clients
1,119,575

 
950,946

Payables to broker-dealers and clearing organizations
85,341

 
76,180

Accrued commission and advisory expenses payable
162,104

 
164,211

Accounts payable and accrued liabilities
487,399

 
478,644

Income taxes payable
7,146

 
32,990

Unearned revenue
85,003

 
80,524

Securities sold, but not yet purchased — at fair value
206

 
169

Long-term borrowing, net
2,360,218

 
2,371,808

Operating lease liabilities
144,194

 
—

Finance lease liabilities
107,184

 
—

Leasehold financing and capital lease obligations
—

 
104,564

Deferred income taxes, net
20,805

 
18,325

Total liabilities
4,720,598

 
4,503,395

Commitments and contingencies (Note 10)
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
Common stock, $.001 par value; 600,000,000 shares authorized; 126,186,912 shares issued at September 30, 2019 and 124,909,796 shares issued at December 31, 2018
126

 
125

Additional paid-in capital
1,687,021

 
1,634,337

Treasury stock, at cost — 44,858,459 shares at September 30, 2019 and 39,820,646 shares at December 31, 2018
(2,114,814
)
 
(1,730,535
)
Retained earnings
1,447,617

 
1,070,146

Total stockholders’ equity
1,019,950

 
974,073

Total liabilities and stockholders’ equity
$
5,740,548

 
$
5,477,468

See notes to unaudited condensed consolidated financial statements.

19

LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Stockholders’ Equity
(Unaudited)
(In thousands)
 
Three Months Ended September 30, 2018
 
 
 
 
 
Additional
Paid-In
Capital
 
 
 
 
 
Accumulated Other
Comprehensive
Income (loss)
 
Retained
Earnings
 
Total
Stockholders’
Equity
 
Common Stock
 
 
Treasury Stock
 
 
 
 
Shares
 
Amount
 
 
Shares
 
Amount
 
 
 
BALANCE — June 30, 2018
124,461

 
$
124

 
$
1,610,567

 
36,053

 
$
(1,490,020
)
 
$
—

 
$
886,025

 
$
1,006,696

Net income and other comprehensive income (loss), net of tax expense
 
 
 
 
 
 
 
 
 
 
—

 
106,865

 
106,865

Issuance of common stock to settle restricted stock units, net
47

 
—

 
—

 
12

 
(741
)
 
 
 
 
 
(741
)
Treasury stock purchases
 
 
 
 
 
 
1,849

 
(122,483
)
 
 
 
 
 
(122,483
)
Cash dividends on common stock
 
 
 
 
 
 
 
 
 
 
 
 
(21,941
)
 
(21,941
)
Stock option exercises and other
103

 
—

 
3,160

 
(12
)
 
397

 
 
 
221

 
3,778

Share-based compensation
—

 
—

 
7,293

 
 
 
 
 
 
 
 
 
7,293

BALANCE — September 30, 2018
124,611

 
$
124

 
$
1,621,020

 
37,902

 
$
(1,612,847
)
 
$
—

 
$
971,170

 
$
979,467

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2019
 
 
 
 
 
Additional
Paid-In
Capital
 
 
 
 
 
Accumulated Other
Comprehensive
Income (loss)
 
Retained
Earnings
 
Total
Stockholders’
Equity
 
Common Stock
 
 
Treasury Stock
 
 
 
 
Shares
 
Amount
 
 
Shares
 
Amount
 
 
 
BALANCE — June 30, 2019
125,971

 
$
126

 
$
1,673,155

 
43,193

 
$
(1,984,223
)
 
$
—

 
$
1,336,059

 
$
1,025,117

Net income and other comprehensive income, net of tax expense
 
 
 
 
 
 
 
 
 
 
—

 
131,714

 
131,714

Issuance of common stock to settle restricted stock units, net
26

 
—

 
—

 
10

 
(759
)
 
 
 
 
 
(759
)
Treasury stock purchases
 
 
 
 
 
 
1,668

 
(130,274
)
 
 
 
 
 
(130,274
)
Cash dividends on common stock
 
 
 
 
 
 
 
 
 
 
 
 
(20,485
)
 
(20,485
)
Stock option exercises and other
190

 
—

 
5,942

 
(13
)
 
442

 
 
 
329

 
6,713

Share-based compensation
—

 
—

 
7,924

 
 
 
 
 
 
 
 
 
7,924

BALANCE — September 30, 2019
126,187

 
$
126

 
$
1,687,021

 
44,858

 
$
(2,114,814
)
 
$
—

 
$
1,447,617

 
$
1,019,950



Continued on following page

















20


LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Stockholders’ Equity
(Unaudited)
(In thousands)
 
Nine Months Ended September 30, 2018
 
 
 
 
 
Additional
Paid-In
Capital
 
 
 
 
 
Accumulated Other
Comprehensive
Income (loss)
 
Retained
Earnings
 
Total
Stockholders’
Equity
 
Common Stock
 
 
Treasury Stock
 
 
 
 
Shares
 
Amount
 
 
Shares
 
Amount
 
 
 
BALANCE — December 31, 2017
123,030

 
$
123

 
$
1,556,117

 
33,262

 
$
(1,309,568
)
 
$
—

 
$
718,336

 
$
965,008

Net income and other comprehensive income (loss), net of tax expense
 
 
 
 
 
 
 
 
 
 
—

 
319,161

 
319,161

Issuance of common stock to settle restricted stock units, net
356

 
—

 
—

 
70

 
(4,536
)
 
 
 
 
 
(4,536
)
Treasury stock purchases
 
 
 
 
 
 
4,608

 
(300,091
)
 
 
 
 
 
(300,091
)
Cash dividends on common stock
 
 
 
 
 
 
 
 
 
 
 
 
(66,847
)
 
(66,847
)
Stock option exercises and other
1,225

 
1

 
41,379

 
(38
)
 
1,348

 
 
 
520

 
43,248

Share-based compensation
—

 
 
 
23,524

 
 
 
 
 
 
 
 
 
23,524

BALANCE — September 30, 2018
124,611

 
$
124

 
$
1,621,020

 
37,902

 
$
(1,612,847
)
 
$
—

 
$
971,170

 
$
979,467

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2019
 
 
 
 
 
Additional
Paid-In
Capital
 
 
 
 
 
Accumulated Other
Comprehensive
Income (loss)
 
Retained
Earnings
 
Total
Stockholders’
Equity
 
Common Stock
 
 
Treasury Stock
 
 
 
 
Shares
 
Amount
 
 
Shares
 
Amount
 
 
 
BALANCE — December 31, 2018
124,910

 
$
125

 
$
1,634,337

 
39,821

 
$
(1,730,535
)
 
$
—

 
$
1,070,146

 
$
974,073

Net income and other comprehensive income, net of tax expense
 
 
 
 
 
 
 
 
 
 
—

 
433,204

 
433,204

Cumulative effect of accounting change
 
 
 
 
 
 
 
 
 
 
 
 
5,724

 
5,724

Issuance of common stock to settle restricted stock units, net
238

 
—

 
—

 
70

 
(5,366
)
 
 
 
 
 
(5,366
)
Treasury stock purchases
 
 
 
 
 
 
5,007

 
(380,341
)
 
 
 
 
 
(380,341
)
Cash dividends on common stock
 
 
 
 
 
 
 
 
 
 
 
 
(62,391
)
 
(62,391
)
Stock option exercises and other
1,039

 
1

 
27,697

 
(40
)
 
1,428

 
 
 
934

 
30,060

Share-based compensation
 
 
 
 
24,987

 
 
 
 
 
 
 
 
 
24,987

BALANCE — September 30, 2019
126,187

 
$
126

 
$
1,687,021

 
44,858

 
$
(2,114,814
)
 
$
—

 
$
1,447,617

 
$
1,019,950


See notes to unaudited condensed consolidated financial statements.

21

LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)
 
 
 
Nine Months Ended September 30,
 
 
 
2019
 
2018
 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
Net income
 
$
433,204

 
$
319,161

 
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Noncash items:
 
 
 
 
 
Depreciation and amortization
 
70,116

 
65,759

 
Amortization of intangible assets
 
48,703

 
44,580

 
Amortization of debt issuance costs
 
3,372

 
3,090

 
Share-based compensation
 
24,987

 
23,524

 
Provision for bad debts
 
5,723

 
5,335

 
Deferred income tax provision
 
92

 
(487
)
 
Loan forgiveness
 
67,306

 
50,695

 
Other
 
(6,291
)
 
(334
)
 
Changes in operating assets and liabilities:
 
 
 
 
 
Receivables from clients
 
(6,121
)
 
(91,058
)
 
Receivables from product sponsors, broker-dealers, and clearing organizations
 
(677
)
 
(17,680
)
 
Advisor loans
 
(167,391
)
 
(92,253
)
 
Receivables from others
 
(22,571
)
 
(10,377
)
 
Securities owned
 
(2,802
)
 
(15,446
)
 
Securities borrowed
 
(5,402
)
 
6,215

 
Operating leases
 
(942
)
 
—

 
Other assets
 
(33,222
)
 
(18,084
)
 
Drafts payable
 
(83,611
)
 
9,414

 
Payables to clients
 
168,629

 
(158,093
)
 
Payables to broker-dealers and clearing organizations
 
9,161

 
98

 
Accrued commission and advisory expenses payable
 
(3,764
)
 
21,081

 
Accounts payable and accrued liabilities
 
32,598

 
19,388

 
Income taxes receivable/payable
 
(25,844
)
 
22,061

 
Unearned revenue
 
4,479

 
10,324

 
Securities sold, but not yet purchased
 
37

 
(850
)
 
Net cash provided by operating activities
 
509,769

 
196,063

 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
Capital expenditures
 
(104,250
)
 
(85,198
)
 
Acquisitions, net of cash acquired
 
(24,884
)
 
—

 
Purchase of securities classified as held-to-maturity
 
(3,745
)
 
(4,905
)
 
Proceeds from maturity of securities classified as held-to-maturity
 
3,750

 
3,750

 
Net cash used in investing activities
 
(129,129
)
 
(86,353
)
 
Continued on following page
 

22

LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)
 
 
Nine Months Ended September 30,
 
 
2019
 
2018
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
Proceeds from revolving credit facility
 
8,000

 
—

Repayments of revolving credit facility
 
(8,000
)
 
—

Repayment of senior secured term loans
 
(11,250
)
 
(11,250
)
Payment of debt issuance costs
 
(4,140
)
 
—

Tax payments related to settlement of restricted stock units
 
(5,365
)
 
(4,536
)
Repurchase of common stock
 
(380,342
)
 
(300,091
)
Dividends on common stock
 
(62,391
)
 
(66,847
)
Proceeds from stock option exercises and other
 
30,060

 
43,248

Principal payment of finance leases and obligations
 
(648
)
 
(2,461
)
Net cash used in financing activities
 
(434,076
)
 
(341,937
)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
 
(53,436
)
 
(232,227
)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period
 
1,562,119

 
1,625,655

CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period
 
$
1,508,683

 
$
1,393,428

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
 
 
 
 
Interest paid
 
$
111,900

 
$
105,057

Income taxes paid
 
$
169,303

 
$
89,254

NONCASH DISCLOSURES:
 
 
 
 
Capital expenditures included in accounts payable and accrued liabilities
 
$
14,669

 
$
26,903

Lease assets obtained in exchange for operating lease liabilities
 
$
108,539

 
$
—


The following table provides a reconciliation of cash, cash equivalent, and restricted cash reported within the statement of financial condition that sum to the total of the same such amounts shown in the statement of cash flows.
 
 
September 30,
 
 
2019
 
2018
Cash and cash equivalents
 
$
929,536

 
$
768,546

Cash segregated under federal and other regulations
 
526,741

 
566,128

Restricted cash
 
52,406

 
58,754

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows
 
$
1,508,683

 
$
1,393,428

See notes to unaudited condensed consolidated financial statements.


23
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)


1.    Organization and Description of the Company
LPL Financial Holdings Inc. (“LPLFH”), a Delaware holding corporation, together with its consolidated subsidiaries (collectively, the “Company”), provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (collectively “advisors”) in the United States. Through its custody and clearing platform, using both proprietary and third-party technology, the Company provides access to diversified financial products and services, enabling its advisors to offer independent financial advice and brokerage services to retail investors (their “clients”).
Description of Subsidiaries
LPL Holdings, Inc. (“LPLH”), a Massachusetts holding corporation, owns 100% of the issued and outstanding common stock or other ownership interest in each of LPL Financial LLC (“LPL Financial”), AW Subsidiary, Inc., LPL Employee Services, LLC, Fortigent Holdings Company, Inc. and LPL Insurance Associates, Inc. (“LPLIA”), as well as a series captive insurance subsidiary (the “Captive Insurance Subsidiary”) that underwrites insurance for various legal and regulatory risks of the Company. LPLH is also the majority stockholder in PTC Holdings, Inc. (“PTCH”), and owns 100% of the issued and outstanding voting common stock. Each member of PTCH’s board of directors meets the direct equity ownership interest requirements that are required by the Office of the Comptroller of the Currency.
LPL Financial, with primary offices in San Diego, California; Fort Mill, South Carolina; and Boston, Massachusetts, is a clearing broker-dealer and an investment adviser that principally transacts business as an agent for its advisors and financial institutions on behalf of their clients in a broad array of financial products and services. LPL Financial is licensed to operate in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
AW Subsidiary, Inc. is a holding company for AdvisoryWorld, which offers technology products, including proposal generation, investment analytics and portfolio modeling, to both the Company’s advisors and external clients in the wealth management industry.
LPL Employee Services, LLC is a holding company for Allen & Company of Florida, LLC (“Allen & Company”), a broker-dealer and registered investment adviser.
Fortigent Holdings Company, Inc. and its subsidiaries provide solutions and consulting services to registered investment advisors, banks, and trust companies serving high-net-worth clients.
PTCH is a holding company for The Private Trust Company, N.A. (“PTC”). PTC is chartered as a non-depository limited purpose national bank, providing a wide range of trust, investment management oversight, and custodial services for estates and families. PTC also provides Individual Retirement Account (“IRA”) custodial services for LPL Financial.
LPLIA operates as an insurance brokerage general agency that offers life and disability insurance products and services for LPL Financial advisors.
2.    Summary of Significant Accounting Policies
Basis of Presentation
The unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the Company to make estimates and assumptions regarding the valuation of certain financial instruments, intangible assets, allowance for doubtful accounts, share-based compensation, accruals for liabilities, income taxes, revenue and expense accruals, and other matters that affect the consolidated financial statements and related disclosures. The unaudited condensed consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present fairly the results for the interim periods presented. Actual results could differ from those estimates under different assumptions or conditions and the differences may be material to the consolidated financial statements.

24
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

The unaudited condensed consolidated financial statements do not include all information and notes necessary for a complete presentation of results of income, comprehensive income, financial position, and cash flows in conformity with GAAP. Accordingly, these financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the related notes for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K as filed with the SEC.
For the Company’s significant accounting policies affecting leases, see Note 9. Leases. A summary of other significant accounting policies are included in Note 2. Summary of Significant Accounting Policies, in the Company’s audited consolidated financial statements and the related notes for the year ended December 31, 2018. There have been no other significant changes to these accounting policies during the first nine months of 2019.
Consolidation
These unaudited condensed consolidated financial statements include the accounts of LPLFH and its subsidiaries. Intercompany transactions and balances have been eliminated.
Reportable Segment
Management has determined that the Company operates in one segment, given the similarities in economic characteristics between its operations and the common nature of its products and services, production and distribution process, and regulatory environment.
Fair Value of Financial Instruments
The Company’s financial assets and liabilities are carried at fair value or at amounts that, because of their short-term nature, approximate current fair value, with the exception of its held-to-maturity securities and indebtedness, which are carried at amortized cost. The Company measures the implied fair value of its debt instruments using trading levels obtained from a third-party service provider. Accordingly, the debt instruments qualify as Level 2 fair value measurements. See Note 5. Fair Value Measurements, for additional information. As of September 30, 2019, the carrying amount and fair value of the Company’s indebtedness was approximately $2,370.0 million and $2,417.1 million, respectively. As of December 31, 2018, the carrying amount and fair value was approximately $2,381.3 million and $2,271.9 million, respectively.
Recently Issued Accounting Pronouncements
In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 also requires additional disclosures regarding significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.
In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 removes or modifies certain current disclosures, and requires additional disclosures. The changes are meant to provide more relevant information regarding valuation techniques and inputs used to arrive at measures of fair value, uncertainty in the fair value measurements, and how changes in fair value measurements impact an entity’s performance and cash flows. Certain disclosures in ASU 2018-13 will need to be applied on a retrospective basis and others on a prospective basis. Early adoption is permitted. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s related disclosures.
In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which aligns the accounting for costs to implement a cloud computing arrangement that is a service with the guidance on capitalizing costs for developing or obtaining internal-use software. The Company expects to apply the prospective approach upon adoption of the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.

25
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Recently Adopted Accounting Pronouncements
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. The new standard also requires disclosures that provide additional information on recorded lease arrangements. In July 2018, the FASB issued ASU 2018-11, Leases – Targeted Improvements, which provides an optional transition method that allows entities to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted the provisions of this guidance, including the optional transition method, on January 1, 2019. Operating lease assets and corresponding lease liabilities were recognized on the Company’s unaudited condensed consolidated statements of financial condition. There was no material impact to its consolidated statements of income. Refer to Note 9. Leases, for additional disclosure and significant accounting policies affecting leases.
In June 2018, the FASB issued ASU 2018-07, Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payments granted to non-employees. Consistent with the requirement for employee share-based payment awards, non-employee share-based payment awards within the scope of Topic 718 will be measured at grant-date fair value of the equity instruments. The Company adopted the provisions of this guidance on January 1, 2019 and will no longer mark-to-market advisor and financial institution equity awards in the consolidated statements of income.
3. Revenues
Revenues are recognized when control of the promised services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Revenues are analyzed to determine whether the Company is the principal (i.e., reports revenues on a gross basis) or agent (i.e., reports revenues on a net basis) in the contract. Principal or agent designations depend primarily on the control an entity has over the product or service before control is transferred to a customer. The indicators of which party exercises control include primary responsibility over performance obligations, inventory risk before the good or service is transferred and discretion in establishing the price.
Commission Revenue
Commission revenue represents sales commissions generated by advisors for their clients’ purchases and sales of securities on exchanges and over-the-counter, as well as purchases of other investment products. The Company views the selling, distribution and marketing, or any combination thereof, of investment products to such clients as a single performance obligation to the product sponsors.
The Company is the principal for commission revenue, as it is responsible for the execution of the clients’ purchases and sales, and maintains relationships with the product sponsors. Advisors assist the Company in performing its obligations. Accordingly, total commission revenues are reported on a gross basis.    

26
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

The following table presents total commission revenue disaggregated by investment product category (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Variable annuities
$
202,131

 
$
201,075

 
$
586,421

 
$
597,613

Mutual funds
148,672

 
155,579

 
438,714

 
470,665

Alternative investments
5,467

 
6,331

 
17,526

 
18,602

Fixed annuities
41,541

 
47,117

 
144,106

 
127,288

Equities
20,149

 
19,082

 
58,213

 
62,071

Fixed income
30,917

 
32,144

 
91,480

 
93,368

Insurance
17,004

 
16,155

 
52,085

 
51,993

Group annuities
8,761

 
9,064

 
26,030

 
27,576

Other
351

 
328

 
912

 
595

Total commission revenue    
$
474,993

 
$
486,875

 
$
1,415,487

 
$
1,449,771


The Company generates two types of commission revenue: sales-based commission revenue that is recognized at the point of sale on the trade date and trailing commission revenue that is recognized over time as earned. Sales-based commission revenue varies by investment product and is based on a percentage of an investment product’s current market value at the time of purchase. Trailing commission revenue is generally based on a percentage of the current market value of clients’ investment holdings in trail-eligible assets, and is recognized over the period during which services, such as ongoing support, are performed. As trailing commission revenue is based on the market value of clients’ investment holdings, the consideration is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts. The constraint is removed once the investment holdings value can be determined.


27
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

The following table presents sales-based and trailing commission revenues disaggregated by product category (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Sales-based
 
 
 
 
 
 
 
Variable annuities
$
59,948

 
$
57,491

 
$
168,234

 
$
168,487

Mutual funds
36,358

 
33,319

 
109,084

 
107,910

Alternative investments
2,009

 
1,822

 
5,976

 
5,457

Fixed annuities
34,309

 
40,040

 
122,516

 
107,709

Equities
20,149

 
19,082

 
58,213

 
62,071

Fixed income
24,950

 
25,757

 
73,749

 
74,587

Insurance
15,289

 
14,433

 
46,762

 
46,877

Group annuities
979

 
1,273

 
3,426

 
3,615

Other
351

 
328

 
912

 
595

Total sales-based revenue
$
194,342

 
$
193,545

 
$
588,872

 
$
577,308

Trailing
 
 
 
 
 
 
 
Variable annuities
$
142,183

 
$
143,584

 
$
418,187

 
$
429,126

Mutual funds
112,314

 
122,260

 
329,630

 
362,755

Alternative investments
3,458

 
4,509

 
11,550

 
13,145

Fixed annuities
7,232

 
7,077

 
21,590

 
19,579

Fixed income
5,967

 
6,387

 
17,731

 
18,781

Insurance
1,715

 
1,722

 
5,323

 
5,116

Group annuities
7,782

 
7,791

 
22,604

 
23,961

Total trailing revenue
$
280,651

 
$
293,330

 
$
826,615

 
$
872,463

Total commission revenue
$
474,993

 
$
486,875

 
$
1,415,487

 
$
1,449,771


Advisory Revenue
Advisory revenue represents fees charged to advisors’ clients’ accounts on the Company’s corporate advisory platform. The Company provides ongoing investment advice and acts as a custodian, providing brokerage and execution services on transactions, and performs administrative services for these accounts. This series of performance obligations transfers control of the services to the client over time as the services are performed. This revenue is recognized ratably over time to match the continued delivery of the performance obligations to the client over the life of the contract. The advisory revenue generated from the Company’s corporate advisory platform is based on a percentage of the market value of the eligible assets in the clients’ advisory accounts. As such, the consideration for this revenue is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts on client portfolio values. The constraint is removed once the portfolio value can be determined.
The Company provides advisory services to clients on its corporate advisory platform through the advisor. The Company is the principal in these arrangements and recognizes advisory revenue on a gross basis, as the Company is responsible for satisfying the performance obligations, carries the inventory risk and has control over determining the fees. Advisors assist the Company in performing its obligations.
Asset-Based Revenue
Asset-based revenue is comprised of fees from the Company’s client cash programs, which consist of fees from its money market programs and insured cash sweep vehicles, sponsorship programs, and recordkeeping.

28
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Client Cash Revenue
Client cash revenues are generated based on advisors’ clients’ cash balances in insured sweep accounts at various banks and money market programs. The Company receives fees based on account type and invested balances for administration and recordkeeping. These fees are paid and recognized over time.
Sponsorship Programs
The Company receives fees from product sponsors, primarily mutual fund and annuity companies, for marketing support and sales force education and training efforts. Compensation for these performance obligations is generally calculated as a fixed fee, as a percentage of the average annual amount of product sponsor assets held in advisors’ clients’ accounts, as a percentage of new sales, or a combination. As the value of product sponsor assets held in advisor’s clients’ accounts is susceptible to unpredictable market changes, this revenue includes variable consideration and is constrained until the date that the fees are determinable. The Company is the principal in these arrangements as it is responsible for and determines the level of servicing and marketing support it provides to the product sponsors.
Recordkeeping
The Company generates this revenue by providing recordkeeping, account maintenance, reporting and other related services to product sponsors. This includes revenue from omnibus processing in which the Company establishes and maintains sub-account records for its clients to reflect the purchase, exchange and redemption of mutual fund shares, and consolidates clients’ trades within a mutual fund. Omnibus processing fees are paid to the Company by the mutual fund or its affiliates and are based on the value of mutual fund assets in accounts for which the Company provides omnibus processing services and the number of accounts in which the related mutual fund positions are held. Recordkeeping revenue also includes revenues from networking recordkeeping services. Networking revenues on brokerage assets are correlated to the number of positions or value of assets that the Company administers and are paid by mutual fund and annuity product manufacturers. These recordkeeping revenues are recognized over time as the Company fulfills its performance obligations. As recordkeeping fees are susceptible to unpredictable market changes that influence market value and fund positions, these revenues include variable consideration and are constrained until the date that the fees are determinable, such as the last date of the contract period in which the market value of the respective product sponsor assets for the period is available.
Depending on the contract, the Company is both principal and agent for recordkeeping revenue. In instances in which the Company is providing services to financial product manufacturers on behalf of third parties and does not have ultimate control of the service before transfer to the customer, the Company is considered to be an agent and reports revenues on a net basis. In other cases, where the Company uses a sub-contractor to provide services and is responsible for unperformed services, the Company is considered principal and reports revenues on a gross basis.
The following table sets forth asset-based revenue at a disaggregated level (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Asset-based revenue
 
 
 
 
 
 
 
Client cash
$
162,517

 
$
127,174

 
$
497,471

 
$
352,644

Sponsorship programs
62,861

 
58,065

 
187,417

 
168,074

Recordkeeping
66,762

 
63,656

 
192,166

 
186,116

Total asset-based revenue
$
292,140

 
$
248,895

 
$
877,054

 
$
706,834




29
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Transaction and Fee Revenue
Transaction revenue primarily includes fees the Company charges to advisors and their clients for executing certain transactions in brokerage and fee-based advisory accounts. Transaction revenue is recognized at the point-in-time that a transaction is executed, which is generally the trade-date. Fee revenue may be generated from advisors or their clients. Fee revenues primarily include IRA custodian fees, contract and licensing fees, and other client account fees. In addition, the Company hosts certain advisor conferences that serve as training, education, sales, and marketing events, for which a fee is charged for attendance. Fee revenue is recognized when the Company satisfies its performance obligations. Recognition varies from point-in-time to over time depending on whether the service is provided once at an identifiable point-in-time or if the service is provided continually over the contract life.
The following table sets forth transaction and fee revenue disaggregated by recognition pattern (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Transaction and Fee Revenue
 
 
 
 
 
 
 
Point-in-time(1)
$
57,038

 
$
57,675

 
$
163,934

 
$
165,768

Over time(2)
64,184

 
61,266

 
198,103

 
186,277

Total transaction and fee revenue
$
121,222

 
$
118,941

 
$
362,037

 
352,045


_______________________________
(1)
Transaction and fee revenue recognized point-in-time includes revenue such as transaction fees, IRA termination fees, and conference service fees.
(2)
Transaction and fee revenue recognized over time includes revenue such as error and omission insurance fees, IRA custodian fees, and licensing fees.
The Company is the principal and recognizes transaction and fee revenue on a gross basis as it is primarily responsible for delivering the respective services being provided, which is demonstrated by the Company’s ability to control the fee amounts charged to customers.
Interest Income, Net of Interest Expense
The Company earns interest income from client margin accounts and cash equivalents, less interest expense on related transactions. This revenue is not generated from contracts with customers. Interest expense incurred in connection with cash equivalents and client margin balances is completely offset by revenue on related transactions; therefore, the Company considers such interest to be an operating expense. Interest expense from operations for each of the three and nine months ended September 30, 2019 and 2018 was not material.
Other Revenue
Other revenue primarily includes mark-to-market gains and losses on assets held by the Company for its advisor non-qualified deferred compensation plan and model research portfolios, marketing allowances received from certain financial product manufacturers, primarily those who offer alternative investments, such as non-traded real estate investment trusts and business development companies, and other miscellaneous revenues. These revenues are not generated from contracts with customers.
Arrangement with Multiple Performance Obligations
The Company’s contracts with customers may include multiple performance obligations. Contracts with customers that include multiple performance obligations have performance obligations that follow the same revenue recognition pattern and are recorded in the same financial statement line item.

30
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Unearned Revenue
The Company records unearned revenue when cash payments are received or due in advance of the Company’s performance obligations, including amounts which are refundable. The increase in the unearned revenue balance for the nine months ended September 30, 2019 is primarily driven by cash payments received or due in advance of satisfying the Company’s performance obligations, offset by $78.9 million of revenues recognized that were included in the unearned revenue balance as of December 31, 2018.
The Company receives cash revenues for advisory services not yet performed and conferences not yet held. For advisory services, revenue is recognized as the Company provides the administration, brokerage and execution services over time to satisfy the performance obligations. For conference revenue, the Company recognizes revenue as the conferences are held.
4.    Acquisitions
On August 1, 2019, the Company acquired all of the outstanding equity interests of Allen & Company. Under the transaction structure, Allen & Company advisors and staff joined as employees of the Company and Allen & Company will maintain its operations and brand. The Company paid approximately $25 million at closing and also agreed to a potential contingent payment of up to $10 million (“Contingent Payment”), payable approximately six months after the closing date based on the percentage of assets retained by Allen & Company advisors. The fair value of the Contingent Payment is included in accounts payable and accrued liabilities on the unaudited condensed consolidated statements of financial condition. See Note 5. Fair Value Measurements, for additional information.
5.    Fair Value Measurements
Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
Level 1 — Quoted prices in active markets for identical assets or liabilities.
Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs.
There were no transfers of assets or liabilities between these fair value measurement classifications during the nine months ended September 30, 2019.
The Company’s fair value measurements are evaluated within the fair value hierarchy, based on the nature of inputs used to determine the fair value at the measurement date. At September 30, 2019, the Company had the following financial assets and liabilities that are measured at fair value on a recurring basis:
Cash Equivalents — The Company’s cash equivalents include money market funds, which are short term in nature with readily determinable values derived from active markets.
Securities Owned and Securities Sold, But Not Yet Purchased — The Company’s trading securities consist of house account model portfolios established and managed for the purpose of benchmarking the performance of its fee-based advisory platforms and temporary positions resulting from the processing of client transactions. Examples of these securities include money market funds, U.S. treasury obligations, mutual funds, certificates of deposit, and traded equity and debt securities.

31
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

The Company uses prices obtained from independent third-party pricing services to measure the fair value of its trading securities. Prices received from the pricing services are validated using various methods including comparison to prices received from additional pricing services, comparison to available quoted market prices, and review of other relevant market data including implied yields of major categories of securities. In general, these quoted prices are derived from active markets for identical assets or liabilities. When quoted prices in active markets for identical assets and liabilities are not available, the quoted prices are based on similar assets and liabilities or inputs other than the quoted prices that are observable, either directly or indirectly. For certificates of deposit and treasury securities, the Company utilizes market-based inputs, including observable market interest rates that correspond to the remaining maturities or the next interest reset dates. At September 30, 2019, the Company did not adjust prices received from the independent third-party pricing services.
Other Assets — The Company’s other assets include: (1) deferred compensation plan assets that are invested in money market and other mutual funds, which are actively traded and valued based on quoted market prices; and (2) certain non-traded real estate investment trusts and auction rate notes, which are valued using quoted prices for identical or similar securities and other inputs that are observable or can be corroborated by observable market data.
Accounts Payable and Accrued Liabilities — The Company’s accounts payable and accrued liabilities include contingent consideration liabilities that are measured using Level 3 inputs.
Level 3 Recurring Fair Value Measurements
The Company determines the fair value for its contingent consideration obligations using a scenario based approach whereby the Company assesses the expected retention percentage of the acquired assets under management. The contingent payment is estimated by applying a discount rate to the expected payment to calculate the fair value as of the valuation date. The Company’s management evaluates the underlying projections and other related factors used in determining fair value each period and makes updates when there have been significant changes in management’s expectations.
The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at September 30, 2019 (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
37,645

 
$
—

 
$
—

 
$
37,645

Securities owned — trading:
 
 
 
 
 
 
 

Money market funds
103

 
—

 
—

 
103

Mutual funds
12,666

 
—

 
—

 
12,666

Equity securities
530

 
—

 
—

 
530

Debt securities
—

 
126

 
—

 
126

U.S. treasury obligations
19,349

 
—

 
—

 
19,349

Total securities owned — trading
32,648

 
126

 
—

 
32,774

Other assets
238,939

 
10,749

 
—

 
249,688

Total assets at fair value
$
309,232

 
$
10,875

 
$
—

 
$
320,107

Liabilities
 
 
 
 
 
 
 
Securities sold, but not yet purchased:
 
 
 
 
 
 
 
Equity securities
$
89

 
$
—

 
$
—

 
$
89

Debt securities
—

 
117

 
—

 
117

Total securities sold, but not yet purchased
89

 
117

 
—

 
206

Accounts payable and accrued liabilities
—

 
—

 
9,031

 
9,031

Total liabilities at fair value
$
89

 
$
117

 
$
9,031

 
$
9,237



32
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at December 31, 2018 (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
26,657

 
$
—

 
$
—

 
$
26,657

Securities owned — trading:
 
 
 
 
 
 
 
Money market funds
194

 
—

 
—

 
194

Mutual funds
7,434

 
—

 
—

 
7,434

Equity securities
1,931

 
—

 
—

 
1,931

Debt securities
—

 
1

 
—

 
1

U.S. treasury obligations
19,707

 
—

 
—

 
19,707

Total securities owned — trading
29,266

 
1

 
—

 
29,267

Other assets
181,974

 
9,420

 
—

 
191,394

Total assets at fair value
$
237,897

 
$
9,421

 
$
—

 
$
247,318

Liabilities
 
 
 
 
 
 
 
Securities sold, but not yet purchased:
 
 
 
 
 
 
 
Equity securities
$
163

 
$
—

 
$
—

 
$
163

Debt securities
—

 
6

 
—

 
6

Total securities sold, but not yet purchased
163


6


—


169

Total liabilities at fair value
$
163

 
$
6

 
$
—

 
$
169


6.    Held-to-Maturity Securities
The Company holds certain investments in securities, primarily U.S. government notes, which are recorded at amortized cost because the Company has both the intent and the ability to hold these investments to maturity. Interest income is accrued as earned. Premiums and discounts are amortized using a method that approximates the effective yield method over the term of the security and are recorded as an adjustment to the investment yield.
The amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity were as follows (in thousands):
 
September 30,
2019
 
December 31,
2018
Amortized cost
$
13,043

 
$
13,001

Gross unrealized gain (loss)
82

 
(56
)
Fair value
$
13,125

 
$
12,945


At September 30, 2019, the securities held-to-maturity were scheduled to mature as follows (in thousands):
 
Within one year
 
After one but within five years
 
After five but within ten years
 
Total
U.S. government notes — at amortized cost
$
5,079

 
$
7,964

 
$
—

 
$
13,043

U.S. government notes — at fair value
$
5,086

 
$
8,039

 
$
—

 
$
13,125



33
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

7.    Goodwill and Other Intangible Assets
A summary of the activity in goodwill is presented below (in thousands):
Balance at December 31, 2017
$
1,427,769

Goodwill acquired
62,478

Balance at December 31, 2018
$
1,490,247

Goodwill acquired
12,432

Balance at September 30, 2019
$
1,502,679


The components of intangible assets were as follows at September 30, 2019 (dollars in thousands):
 
Weighted-Average Life 
Remaining
(in years)
 
Gross
 Carrying 
Value
 
 Accumulated 
Amortization
 
Net
 Carrying 
Value
Definite-lived intangible assets:
 
 
 
 
 
 
 
Advisor and financial institution relationships
6.3
 
$
651,642

 
$
(353,142
)
 
$
298,500

Product sponsor relationships
6.4
 
234,086

 
(158,458
)
 
75,628

Client relationships
9.0
 
42,234

 
(14,369
)
 
27,865

Technology
9.3
 
15,510

 
(1,163
)
 
14,347

Trade names
2.6
 
1,200

 
(890
)
 
310

Total definite-lived intangible assets
 
 
$
944,672

 
$
(528,022
)
 
$
416,650

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
Trademark and trade name
 
 
 
 
 
 
39,819

Total intangible assets
 
 
 
 
 
 
$
456,469

The components of intangible assets were as follows at December 31, 2018 (dollars in thousands):
 
Weighted-Average Life 
Remaining
(in years)
 
Gross
 Carrying 
Value
 
 Accumulated 
Amortization
 
Net
 Carrying 
Value
Definite-lived intangible assets:
 
 
 
 
 
 
 
Advisor and financial institution relationships
7.1
 
$
651,642

 
$
(316,153
)
 
$
335,489

Product sponsor relationships
7.1
 
234,086

 
(149,525
)
 
84,561

Client relationships
7.0
 
21,233

 
(12,841
)
 
8,392

Technology
10.0
 
15,510

 
—

 
15,510

Trade names
3.3
 
1,200

 
(800
)
 
400

Total definite-lived intangible assets
 
 
$
923,671

 
$
(479,319
)
 
$
444,352

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
Trademark and trade name
 
 
 
 
 
 
39,819

Total intangible assets
 
 
 
 
 
 
$
484,171



34
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Total amortization of intangible assets was $16.3 million and $15.7 million for the three months ended September 30, 2019 and 2018, respectively, and $48.7 million and $44.6 million for the nine months ended September 30, 2019 and 2018, respectively. Future amortization expense is estimated as follows (in thousands):
2019 - remainder
$
16,631

2020
66,139

2021
65,982

2022
65,182

2023
61,086

Thereafter
141,630

Total
$
416,650


8.    Debt
The Company’s outstanding borrowings were as follows (dollars in thousands):
 
 
September 30, 2019
 
December 31, 2018
 
Long-Term Borrowings
 
 
Balance
 
Applicable
Margin
 
Interest Rate
 
 
Balance
 
Applicable
Margin
 
Interest rate
Maturity
Revolving Credit Facility
 
$
—

 
LIBOR+125bps
 
—
%
 
$
—

 
LIBOR+125bps
 
—
%
9/21/2022
Senior Secured Term Loan B(1)
 
1,470,000

 
LIBOR+225 bps
 
4.30
%
 
1,481,250

 
LIBOR+225 bps
 
4.73
%
9/21/2024
Senior Unsecured Notes(1)(2)
 
900,000

 
Fixed Rate
 
5.75
%
 
900,000

 
Fixed Rate
 
5.75
%
9/15/2025
Total long-term borrowings
 
2,370,000

 
 
 
 
 
2,381,250

 
 
 
 
 
Plus: Unamortized Premium
 
8,958

 
 
 
 
 
10,083

 
 
 
 
 
Less: Unamortized Debt Issuance Cost
 
(18,740
)
 
 
 
 
 
(19,525
)
 
 
 
 
 
Net Carrying Value
 
$
2,360,218

 
 
 
 
 
$
2,371,808

 
 
 
 
 
_______________________________
(1)
No leverage or interest coverage maintenance covenants.
(2)
The Senior Unsecured Notes were issued in two separate transactions: $500.0 million in original notes were issued in March 2017 at par; $400.0 million in additional notes were issued in September 2017 and priced at 103.0% of the aggregate principal amount.
The Company is required to make quarterly payments on the Term Loan B facility equal to 0.25% of the original principal amount of the loans under the Term Loan B facility.
Borrowings under the Term Loan B facility bear interest at a rate per annum of 225 basis points over the Eurodollar Rate or 125 basis points over the base rate (as defined in the Credit Agreement), and have no leverage or interest coverage maintenance covenants. Borrowings under the revolving credit facility bear interest at a rate per annum ranging from 125 to 175 basis points over the Eurodollar Rate or 25 to 75 basis points over the base rate, depending on the Consolidated Secured Debt to Consolidated EBITDA Ratio (as defined in the Credit Agreement). The Eurodollar Rate option is the one-, two-, three-, or six-month LIBOR rate, as selected by LPLH, or, with the approval of the applicable lenders, twelve-month LIBOR rate or the LIBOR rate for another period acceptable to the Administrative Agent (including a shorter period).
As of September 30, 2019, the Company had $3.7 million of irrevocable letters of credit, with an applicable interest rate margin of 1.25%, which were supported by the credit facility.
The Credit Agreement subjects the Company to certain financial and non-financial covenants. As of September 30, 2019, the Company was in compliance with such covenants.

35
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Broker-Dealer Credit Facility
On July 31, 2019, LPL Financial, the Company’s registered broker-dealer, entered into a five year, committed, unsecured revolving credit facility, that matures on July 31, 2024 and allows for a maximum borrowing of up to $300.0 million (the “LPL Financial Credit Facility”). LPL Financial incurred approximately $1.5 million in debt issuance costs. Borrowings under the LPL Financial Credit Facility bear interest at a rate per annum ranging from 112.5 to 137.5 basis points over the Federal Funds Rate or Eurodollar Rate, depending on the Parent Leverage Ratio (each as defined in the credit agreement related to the LPL Financial Credit Facility). The credit agreement to the LPL Financial Credit Facility subjects LPL Financial to certain financial and non-financial covenants. LPL Financial was in compliance with such covenants and there were no borrowings outstanding on this credit facility, as of September 30, 2019.
Bank Loans Payable
The Company maintained three uncommitted lines of credit as of September 30, 2019. Two of the lines have unspecified limits, which are primarily dependent on the Company’s ability to provide sufficient collateral. The third line has a $150.0 million limit and allows for both collateralized and uncollateralized borrowings. The Company drew $2.0 million on one of the lines of credit at an interest rate of 3.55% during the three months ended September 30, 2019 and drew a total of $227.0 million at a weighted average interest rate of 3.98% on those three lines of credit during the nine months ended September 30, 2019. There were no balances outstanding at September 30, 2019 or December 31, 2018.
9.    Leases
Adoption of ASC Topic 842, Leases
On January 1, 2019, the Company adopted ASC Topic 842, Leases (“Topic 842”). Results for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting guidance, ASC Topic 840.
The Company previously recorded a build-to-suit related asset and liability for a lease in Fort Mill, South Carolina. The asset and liability were derecognized and reevaluated as a result of the adoption. The Fort Mill lease was determined to be a finance lease under Topic 842 and the changes in values from the derecognition and reevaluation were recorded to retained earnings under cumulative effect of accounting change in the unaudited condensed consolidated statements of stockholders’ equity.
Lease Recognition
The Company determines if an arrangement is a lease or contains a lease at inception. The Company has operating and finance leases for corporate offices and equipment with remaining lease terms of 3 years to 17 years, some of which include options to extend the lease for up to 20 years. For leases with renewal options, the lease term is extended to reflect renewal options the Company is reasonably certain to exercise.
Operating lease assets and operating lease liabilities are recognized based on the present value of the future lease payments over the lease term at the commencement date. As most of the Company’s leases do not provide an implicit rate, the Company estimates its incremental borrowing rate based on information available at the commencement date in determining the present value of future payments. Lease expense for net present value of payments is recognized on a straight-line basis over the lease term.
Finance lease assets are included in fixed assets in the unaudited condensed consolidated statements of financial condition and at September 30, 2019 were $107.2 million.

36
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

The components of lease expense were as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2019
Operating lease cost
$
4,366

 
$
13,219

Finance lease cost:
 
 
 
Amortization of right-of-use assets
$
1,164

 
$
3,493

Interest on lease liabilities
2,095

 
6,279

Total finance lease cost
$
3,259

 
$
9,772


Supplemental cash flow information related to leases was as follows (in thousands):
 
Nine Months Ended September 30,
 
2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
14,270

Operating cash flows from finance leases
$
6,279

Financing cash flows from finance leases
$
648


Supplemental weighted average information related to leases was as follows:
 
September 30, 2019
Weighted-average remaining lease term (years):
 
Finance leases
26.7

Operating leases
9.4

Weighted-average discount rate:
 
Finance leases
7.80
%
Operating leases
7.27
%

Maturities of lease liabilities as of September 30, 2019 were as follows (in thousands):
 
Operating Leases
 
Finance Leases
2019 - remainder
$
4,923

 
$
2,018

2020
19,964

 
9,084

2021
20,552

 
9,227

2022
21,084

 
8,429

2023
20,706

 
8,576

Thereafter
114,989

 
242,366

Total lease payments
202,218

 
279,700

Less imputed interest
58,024

 
172,516

Total
$
144,194

 
$
107,184



37
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 were as follows (in thousands):
2019
$
30,010

2020
30,731

2021
30,590

2022
31,238

2023
30,265

Thereafter
239,118

Total(1)
$
391,952

_______________________________
(1)
Amounts above exclude $75.7 million related to non-lease commitments from the schedule included in Note 13. Commitments and Contingencies, in the Company’s audited consolidated financial statements and the related notes in the 2018 Annual Report on Form 10-K.
10.    Commitments and Contingencies
Service and Development Contracts 
The Company is party to certain long-term contracts for systems and services that enable back office trade processing and clearing for its product and service offerings.
Guarantees 
The Company occasionally enters into contracts that contingently require it to indemnify certain parties against third-party claims. The terms of these obligations vary and, because a maximum obligation is not explicitly stated, the Company has determined that it is not possible to make an estimate of the amount that it could be obligated to pay under such contracts.
LPL Financial provides guarantees to securities clearing houses and exchanges under their standard membership agreements, which require a member to guarantee the performance of other members. Under these agreements, if a member becomes unable to satisfy its obligations to the clearing houses and exchanges, all other members would be required to meet any shortfall. The Company’s liability under these arrangements is not quantifiable and could exceed the cash and securities it has posted as collateral. However, the potential requirement for the Company to make payments under these agreements is remote. Accordingly, no liability has been recognized for these transactions.
Loan Commitments 
From time to time, LPL Financial makes loans to its advisors, primarily to newly recruited advisors to assist in the transition process, which may be forgivable. Due to timing differences, LPL Financial may make commitments to issue such loans prior to actually funding them. These commitments are generally contingent upon certain events occurring, including but not limited to the advisor joining LPL Financial. LPL Financial had no significant unfunded commitments at September 30, 2019.
Legal & Regulatory Matters
The Company is subject to extensive regulation and supervision by U.S. federal and state agencies and various self-regulatory organizations. The Company and its advisors periodically engage with such agencies and organizations, in the context of examinations or otherwise, to respond to inquiries, informational requests, and investigations. From time to time, such engagements result in regulatory complaints or other matters, the resolution of which has in the past and may in the future include fines, customer restitution and other remediation. Assessing the probability of a loss occurring and the timing and amount of any loss related to a legal proceeding or regulatory matter is inherently difficult. While the Company exercises significant and complex judgments to make certain estimates presented in its consolidated financial statements, there are particular uncertainties and complexities involved when assessing the potential outcomes of legal proceedings and regulatory matters. The Company’s assessment process considers a variety of factors and assumptions, which may include: the procedural status of the matter and any recent developments; prior experience and the experience of others in similar matters; the size and nature of potential exposures; available defenses; the progress of fact discovery; the opinions of counsel and experts; potential opportunities for settlement and the status of any settlement discussions; as well as the potential for insurance coverage and indemnification, if available. The Company monitors these factors and assumptions for new developments and re-assesses the likelihood that a loss will occur and the estimated range or amount of loss,

38
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

if those amounts can be reasonably determined. The Company has established an accrual for those legal proceedings and regulatory matters for which a loss is both probable and the amount can be reasonably estimated.
On May 1, 2018 the Company agreed to a settlement structure with the North American Securities Administrators Association (NASAA) related to the Company’s historical compliance with certain state “blue sky” laws, which resulted in aggregate fines of approximately $26.4 million. As part of the settlement structure, the Company engaged independent third party consultants to conduct a historical review of securities transactions and an operational review of the Company’s systems for complying with blue sky securities registration requirements. The Company also agreed to offer customers remediation in the form of reimbursement for any actual losses, plus interest. The Company believes the Captive Insurance Subsidiary has adequate loss reserves to cover the aggregate fines and the costs of remediation. As of the date of this Quarterly Report on Form 10-Q the historical review of transactions has been completed; however, the costs of potential customer remediation are still being calculated and cannot be estimated at this time. The actual costs of reimbursing customers for losses could exceed the Company’s reserves.
On April 22, 2019, a putative class action lawsuit filed against the Company and certain of its executive officers in federal district court was dismissed with prejudice.
Third-Party Insurance
The Company maintains third-party insurance coverage for certain potential legal proceedings, including those involving certain client claims. With respect to such client claims, the estimated losses on many of the pending matters are less than the applicable deductibles of the insurance policies.
Self-Insurance
The Company has self-insurance for certain potential liabilities through the Captive Insurance Subsidiary. Liabilities associated with the risks that are retained by the Company are not discounted and are estimated by considering, in part, historical claims experience, severity factors, and other actuarial assumptions. The estimated accruals for these potential liabilities could be significantly affected if future occurrences and claims differ from such assumptions and historical trends, so there are particular complexities and uncertainties involved when assessing the adequacy of loss reserves for potential liabilities that are self-insured. As of September 30, 2019, these self-insurance liabilities are included in accounts payable and accrued liabilities in the unaudited condensed consolidated statements of financial condition. Self-insurance related charges are included in other expenses in the unaudited condensed consolidated statements of income for the three and nine months ended September 30, 2019.
Other Commitments
As of September 30, 2019, the Company had approximately $331.8 million of client margin loans that were collateralized with securities having a fair value of approximately $464.5 million that it can repledge, loan, or sell. Of these securities, approximately $65.5 million were client-owned securities pledged to the Options Clearing Corporation as collateral to secure client obligations related to options positions. As of September 30, 2019, there were no restrictions that materially limited the Company’s ability to repledge, loan, or sell the remaining $399.0 million of client collateral.
Trading securities on the unaudited condensed consolidated statements of financial condition includes $4.5 million and $4.7 million pledged to the Options Clearing Corporation at September 30, 2019 and December 31, 2018, respectively, and $14.9 million pledged to the National Securities Clearing Corporation at both September 30, 2019 and December 31, 2018.

39
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

11.    Stockholders’ Equity
Dividends
The payment, timing, and amount of any dividends are subject to approval by the Company’s board of directors (the “Board of Directors”) as well as certain limits under the Credit Agreement and Indenture. Cash dividends per share of common stock and total cash dividends paid on a quarterly basis were as follows (in millions, except per share data):
 
2019
 
2018
 
Dividend per Share
 
Total Cash Dividend
 
Dividend per Share
 
Total Cash Dividend
First quarter
$
0.25

 
$
21.1

 
$
0.25

 
$
22.6

Second quarter
$
0.25

 
$
20.8

 
$
0.25

 
$
22.3

Third quarter
$
0.25

 
$
20.5

 
$
0.25

 
$
21.9

Share Repurchases
The Company engages in share repurchase programs, which are approved by the Board of Directors, pursuant to which the Company may repurchase its issued and outstanding shares of common stock from time to time. Repurchased shares are included in treasury stock on the unaudited condensed consolidated statements of financial condition. As of September 30, 2019, the Company was authorized to purchase up to an additional $619.8 million of shares pursuant to share repurchase programs approved by the Board of Directors.
The Company had the following activity under its approved share repurchase programs (dollars in millions, except per share data):
 
 
2019
 
 
Total Number of Shares Purchased
 
Weighted-Average Price Paid Per Share
 
Total Cost(1)
First quarter
 
1,747,116

 
$
71.57

 
$
125.0

Second quarter
 
1,591,950

 
$
78.54

 
$
125.0

Third quarter
 
1,668,305

 
$
78.09

 
$
130.3

 
 
5,007,371

 
$
75.96

 
$
380.3

_______________________________
(1)
Included in the total cost of shares purchased is a commission fee of $0.02 per share.
12.    Share-Based Compensation
In November 2010, the Company adopted the 2010 Omnibus Equity Incentive Plan (as amended and restated in May 2015, the “2010 Plan”), which provides for the granting of stock options, warrants, restricted stock awards, restricted stock units, deferred stock units, performance stock units, and other equity-based compensation. Since its adoption, awards have been and are only made out of the 2010 Plan.
As of September 30, 2019, the 2010 Plan had 20,055,945 shares authorized for grant and 5,226,458 shares remaining available for future issuance.

40
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Stock Options and Warrants
The following table presents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of its employee and officer stock options that have been granted during the nine months ended September 30, 2019:
Expected life (in years)
5.43

Expected stock price volatility
35.80
%
Expected dividend yield
1.49
%
Risk-free interest rate
2.47
%
Fair value of options
$
24.41


The following table summarizes the Company’s stock option and warrant activity as of and for the nine months ended September 30, 2019:
 
 
Number of
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
(In thousands)
Outstanding — December 31, 2018
 
3,588,067

 
$
35.38

 
 
 
 
Granted
 
422,397

 
$
77.53

 
 
 
 
Exercised
 
(918,939
)
 
$
30.10

 
 
 
 
Forfeited and Expired
 
(87,123
)
 
$
47.22

 
 
 
 
Outstanding — September 30, 2019
 
3,004,402

 
$
42.58

 
5.89
 
$
118,145

Exercisable — September 30, 2019
 
2,167,111

 
$
33.67

 
4.81
 
$
104,510

Exercisable and expected to vest — September 30, 2019
 
2,935,433

 
$
41.92

 
5.81
 
$
117,359


The following table summarizes information about outstanding stock options and warrants as of September 30, 2019:
 
 
Outstanding
 
Exercisable
Range of Exercise Prices
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining Life
(Years)
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
$19.85 - $25.00
 
674,097

 
$
20.30

 
5.75
 
674,097

 
$
20.30

$25.01 - $35.00
 
733,261

 
$
31.29

 
2.35
 
733,261

 
$
31.29

$35.01 - $45.00
 
476,678

 
$
39.60

 
7.32
 
293,475

 
$
39.68

$45.01 - $65.00
 
349,558

 
$
48.74

 
5.03
 
349,558

 
$
48.74

$65.01 - $75.00
 
366,440

 
$
65.56

 
8.34
 
115,355

 
$
65.56

$75.01 - $80.00
 
404,368

 
$
77.53

 
9.39
 
1,365

 
$
77.53

 
 
3,004,402

 
$
42.58

 
5.89
 
2,167,111

 
$
33.67


The Company recognized share-based compensation related to the vesting of stock options awarded to employees and officers of $2.2 million and $2.5 million during the three months ended September 30, 2019 and 2018, respectively, and $7.4 million and $6.5 million for the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, total unrecognized compensation cost related to non-vested stock options granted to employees and officers was $10.4 million, which is expected to be recognized over a weighted-average period of 1.84 years.

41
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

Restricted Stock and Stock Units
The following summarizes the Company’s activity in its restricted stock awards and stock units, which include restricted stock units, deferred stock units, and performance stock units, for the nine months ended September 30, 2019:
 
 
Restricted Stock Awards
 
Stock Units
 
 
Number of
Shares
 
Weighted-Average
Grant-Date
Fair Value
 
Number of
Shares
 
Weighted-Average
Grant-Date
Fair Value
Outstanding — December 31, 2018
 
7,057

 
$
70.26

 
910,720

 
$
52.38

  Granted
 
9,366

 
$
81.99

 
287,288

 
$
81.95

  Vested
 
(8,127
)
 
$
71.81

 
(348,811
)
 
$
44.41

  Forfeited
 
—

 
$
—

 
(39,644
)
 
$
60.48

Nonvested — September 30, 2019
 
8,296

 
$
81.99

 
809,553

(1) 
$
65.91

Expected to vest — September 30, 2019
 
8,296

 
$
81.99

 
707,986

 
$
66.96


_______________________________
(1)
Includes 50,637 vested and undistributed deferred stock units.
The Company grants restricted stock awards and deferred stock units to its directors, restricted stock units to its employees and officers, and performance stock units to its officers. Restricted stock awards and stock units must vest or are subject to forfeiture; however, restricted stock awards are included in shares outstanding upon grant and have the same dividend and voting rights as the Company’s common stock. The Company recognized $4.7 million and $3.6 million of share-based compensation related to the vesting of these restricted stock awards and stock units during the three months ended September 30, 2019 and 2018, respectively, and $13.9 million and $10.6 million during the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, total unrecognized compensation cost for restricted stock awards and stock units was $26.7 million, which is expected to be recognized over a weighted-average remaining period of 2.01 years.
The Company also grants restricted stock units to its advisors and to financial institutions. The Company recognized share-based compensation of $0.5 million and $1.0 million related to the vesting of these awards during the three months ended September 30, 2019 and 2018, respectively, and $2.3 million and $5.5 million during the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, total unrecognized compensation cost for restricted stock units granted to advisors and financial institutions was $5.2 million, which is expected to be recognized over a weighted-average remaining period of 2.23 years.

42
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

13.    Earnings per Share
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if dilutive potential shares of common stock had been issued. The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
131,714

 
$
106,865

 
$
433,204

 
$
319,161

 
 
 
 
 
 
 
 
Basic weighted-average number of shares outstanding
81,833

 
87,426

 
83,315

 
88,841

Dilutive common share equivalents
2,011

 
2,452

 
2,106

 
2,606

Diluted weighted-average number of shares outstanding
83,844

 
89,878

 
85,421

 
91,447

 
 
 
 
 
 
 
 
Basic earnings per share
$
1.61

 
$
1.22

 
$
5.20

 
$
3.59

Diluted earnings per share
$
1.57

 
$
1.19

 
$
5.07

 
$
3.49


The computation of diluted earnings per share excludes stock options, warrants, and stock units that are anti-dilutive. For the three months ended September 30, 2019 and 2018, stock options, warrants, and stock units representing common share equivalents of 422,680 shares and 439,156 shares, respectively, were anti-dilutive. For the nine months ended September 30, 2019 and 2018, stock options, warrants, and restricted stock units representing common share equivalents of 596,354 shares and 377,583 shares, respectively, were anti-dilutive.
14.    Income Taxes
The Company’s effective income tax rate differs from the federal corporate tax rate of 21.0%, primarily as a result of state taxes, settlement contingencies, tax credits and other permanent differences in tax deductibility of certain expenses. These items resulted in effective tax rates of 26.0% and 27.5% for the three months ended September 30, 2019 and 2018, respectively, and 24.9% and 25.8% for the nine months ended September 30, 2019 and 2018, respectively.
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.
15.    Related Party Transactions
The Company has related party transactions with certain beneficial owners of more than ten percent of the Company’s outstanding common stock. Additionally, through its subsidiary LPL Financial, the Company provides services and charitable contributions to the LPL Financial Foundation, an organization that provides volunteer and financial support within the Company’s local communities.
The Company recognized revenue for services provided to these related parties of $1.2 million and $1.0 million during the three months ended September 30, 2019 and 2018, respectively, and $3.0 million and $2.6 million during the nine months ended September 30, 2019 and 2018, respectively. The Company incurred expenses for the services provided by these related parties of $0.5 million and $0.6 million during the three months ended September 30, 2019 and 2018, respectively, and $1.3 million and $1.8 million during the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019 and 2018, receivables and payables to related parties were not material.
16.    Net Capital and Regulatory Requirements
The Company’s registered broker-dealer, LPL Financial, is subject to the SEC’s Net Capital Rule (Rule 15c3-1 under the Exchange Act), which requires the maintenance of minimum net capital. The net capital rules also provide that the broker-dealer’s capital may not be withdrawn if resulting net capital would be less than minimum requirements. Additionally, certain withdrawals require the approval of the SEC and FINRA to the extent they

43
 
 
LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements (Unaudited)

exceed defined levels, even if such withdrawals would not cause net capital to be less than minimum requirements. Net capital and the related net capital requirement may fluctuate on a daily basis. LPL Financial is a clearing broker-dealer and had net capital of $178.3 million with a minimum net capital requirement of $8.9 million as of September 30, 2019.
The Company’s subsidiary, PTC, also operates in a highly regulated industry and is subject to various regulatory capital requirements. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have substantial monetary and non-monetary impacts to PTC’s operations.
As of September 30, 2019 and December 31, 2018, LPL Financial and PTC met all capital adequacy requirements to which they were subject.
17.    Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk
LPL Financial’s client securities activities are transacted on either a cash or margin basis. In margin transactions, LPL Financial extends credit to the advisor’s client, subject to various regulatory and internal margin requirements, collateralized by cash and securities in the client’s account. As clients write options contracts or sell securities short, LPL Financial may incur losses if the clients do not fulfill their obligations and the collateral in the clients’ accounts is not sufficient to fully cover losses that clients may incur from these strategies. To control this risk, LPL Financial monitors margin levels daily and clients are required to deposit additional collateral, or reduce positions, when necessary.
LPL Financial is obligated to settle transactions with brokers and other financial institutions even if its advisors’ clients fail to meet their obligation to LPL Financial. Clients are required to complete their transactions on the settlement date, generally two business days after the trade date. If clients do not fulfill their contractual obligations, LPL Financial may incur losses. In addition, the Company occasionally enters into certain types of contracts to fulfill its sale of when, as, and if issued securities. When, as, and if issued securities have been authorized but are contingent upon the actual issuance of the security. LPL Financial has established procedures to reduce this risk by generally requiring that clients deposit cash or securities into their account prior to placing an order.
LPL Financial may at times hold equity securities on both a long and short basis that are recorded on the unaudited condensed consolidated statements of financial condition at market value. While long inventory positions represent LPL Financial’s ownership of securities, short inventory positions represent obligations of LPL Financial to deliver specified securities at a contracted price, which may differ from market prices prevailing at the time of completion of the transaction. Accordingly, both long and short inventory positions may result in losses or gains to LPL Financial as market values of securities fluctuate. To mitigate the risk of losses, long and short positions are marked-to-market daily and are continuously monitored by LPL Financial.
18.    Subsequent Events
On October 21, 2019, the Board of Directors declared a cash dividend of $0.25 per share on the Company’s outstanding common stock to be paid on November 21, 2019 to all stockholders of record on November 7, 2019.

44

Item 3.  Quantitative and Qualitative Disclosures About Market Risk
Market Risk
We maintain trading securities owned and securities sold, but not yet purchased in order to facilitate client transactions, to meet a portion of our clearing deposit requirements at various clearing organizations, and to track the performance of our research models. These securities could include mutual funds, debt securities, and equity securities. Changes in the value of our trading securities may result from fluctuations in interest rates, credit ratings of the issuer, equity prices, or a combination of these factors.
In facilitating client transactions, our securities owned and securities sold, but not yet purchased generally involve mutual funds, including dividend reinvestments. Our positions held are based upon the settlement of client transactions, which are monitored by our Service, Trading, and Operations (“STO”) department.
Positions held to meet clearing deposit requirements consist of U.S. government securities. The amount of securities deposited depends upon the requirements of the clearing organization. The level of securities deposited is monitored by the settlements group within our STO department.
Our Research department develops model portfolios that are used by advisors in developing client portfolios. We maintain securities owned in internal accounts based on these model portfolios to track the performance of our Research department. At the time a portfolio is developed, we purchase the securities in that model portfolio in an amount equal to the account minimum, which varies by product.
In addition, we are subject to market risk resulting from system incidences or interruptions and human error, which can require customer trade corrections. We also have market risk on the fees we earn that are based on the market value of brokerage and advisory assets along with assets on which trailing commissions are paid, and assets eligible for sponsor payments.
As of September 30, 2019, the fair value of our trading securities owned was $32.8 million and securities sold, but not yet purchased were immaterial. The fair value of securities included within other assets was $249.7 million as of September 30, 2019. See Note 5. Fair Value Measurements, within the notes to the unaudited condensed consolidated financial statements for information regarding the fair value of trading securities owned, securities sold, but not yet purchased and other assets associated with our client facilitation activities. See Note 6. Held-to-Maturity Securities, within the notes to the unaudited condensed consolidated financial statements for information regarding the fair value of securities held to maturity. 
Interest Rate Risk
We are exposed to risk associated with changes in interest rates. As of September 30, 2019, $1.47 billion of our outstanding debt under our Credit Agreement was subject to floating interest rate risk. While our senior secured term loan is subject to increases in interest rates, we do not believe that a short-term change in interest rates would have a material impact on our income before taxes given assets owned, which are generally subject to the same, but off-setting, interest rate risk.
The following table summarizes the impact of increasing interest rates on our interest expense from the variable portion of our debt outstanding, calculated using the projected average outstanding balance over the subsequent twelve-month period (in thousands):
 
 
Outstanding Variable Interest Rates at
September 30, 2019
 
Annual Impact of an Interest Rate Increase of
 
 
 
10 Basis
 
25 Basis
 
50 Basis
 
100 Basis
Senior Secured Credit Facilities
 
 
Points
 
Points
 
Points
 
Points
Term Loan B
 
$
1,470,000

 
$
1,464

 
$
3,661

 
$
7,322

 
$
14,644

Revolving Credit Facility
 
—

 
—

 
—

 
—

 
—

Variable Rate Debt Outstanding
 
$
1,470,000

 
$
1,464

 
$
3,661

 
$
7,322

 
$
14,644

See Note 8. Debt, within the notes to the unaudited condensed consolidated financial statements for additional information.
Our interest rate for Term Loan B is locked in for one, two, three, six, or twelve months as allowed under the Credit Agreement. At the end of the selected periods the rates will be locked in at the then current rate. The effect of these interest rate locks are not included in the table above.
As of September 30, 2019 we offered our advisors and their clients two primary cash sweep vehicles that are interest rate sensitive: our insured cash account (“ICA”) for individuals, trusts and sole proprietorships, and entities

45

organized or operated to make a profit, such as corporations, partnerships, associations, business trusts, and other organizations, and an insured deposit cash account (“DCA”) for advisory individual retirement accounts. In addition, we offered our advisors and their clients a money market program, including money market accounts and purchased money market funds. While clients earn interest for balances on deposit in ICA and DCA, we earn a fee. Our fees from ICAs are based on prevailing interest rates in the current interest rate environment. The fees that we receive from the DCA vehicle are calculated as a per account fee; such fees increase as the federal funds target rate increases, subject to a cap. The fees we receive on cash balances in our advisors’ clients’ accounts in our money market program, including administrative and recordkeeping fees based on account type and the invested balances, are also sensitive to prevailing interest rates. Changes in interest rates and fees for the bank deposit sweep vehicles are monitored by our Rate Setting Committee (the “RSC”), which governs and approves any changes to our fees. By meeting promptly around the time of Federal Open Market Committee meetings, or for other market or non-market reasons, the RSC considers financial risk of the insured bank deposit sweep vehicles relative to other products into which clients may move cash balances.
Credit Risk
Credit risk is the risk of loss due to adverse changes in a borrower’s, issuer’s, or counterparty’s ability to meet its financial obligations under contractual or agreed upon terms. Credit risk includes the risk that loans we extend to advisors to facilitate their transition to our platform or to fund their business development activities are not repaid in full or on time. Credit risk also includes the risk that collateral posted with LPL Financial by clients to support margin lending or derivative trading is insufficient to meet client’s contractual obligations to LPL Financial. We bear credit risk on the activities of our advisors’ clients, including the execution, settlement, and financing of various transactions on behalf of these clients.
These activities are transacted on either a cash or margin basis. Our credit exposure in these transactions consists primarily of margin accounts, through which we extend credit to advisors’ clients collateralized by securities in the client’s account. Under many of these agreements, we are permitted to sell, repledge, or loan these securities held as collateral and use these securities to enter into securities lending arrangements or to deliver to counterparties to cover short positions.
As our advisors execute margin transactions on behalf of their clients, we may incur losses if clients do not fulfill their obligations, the collateral in the client’s account is insufficient to fully cover losses from such investments, and our advisors fail to reimburse us for such losses. Our losses on margin accounts were immaterial during the nine months ended September 30, 2019 and 2018. We monitor exposure to industry sectors and individual securities and perform analyses on a regular basis in connection with our margin lending activities. We adjust our margin requirements if we believe our risk exposure is not appropriate based on market conditions.
We are subject to concentration risk if we extend large loans to or have large commitments with a single counterparty, borrower, or group of similar counterparties or borrowers (e.g., in the same industry), or if we accept a concentrated position as collateral for a margin loan. Receivables from and payables to clients and stock borrowing and lending activities are conducted with a large number of clients and counterparties and potential concentration is monitored. We seek to limit this risk through review of the underlying business and the use of limits established by senior management, taking into consideration factors including the financial strength of the counterparty, the size of the position or commitment, the expected duration of the position or commitment, and other positions or commitments outstanding.
Operational Risk
Operational risk is defined as the risk of loss resulting from failed or inadequate processes or systems, actions by people, or external events. We operate in diverse markets and are reliant on the ability of our employees and information technology systems, as well as third-party service providers and their systems, to manage a large volume of transactions and confidential information, including personally identifiable information, effectively and securely. These risks are less direct and quantifiable than credit and market risk, but managing them is critical, particularly in a rapidly changing operating environment with increasing transaction volumes and in light of increasing reliance on systems capabilities and performance, as well as third-party service providers. In the event of the breakdown, obsolescence, or improper operation of systems, malicious cyber activity or improper action by employees, advisors, or third-party service providers, we could suffer business disruptions, financial loss, data loss, regulatory sanctions, and damage to our reputation. Although we have developed business continuity and disaster recovery plans, those plans could be inadequate, disrupted, or otherwise unsuccessful in maintaining the competitiveness, stability, security, or continuity of critical systems as a result of, among other things, obsolescence, improper operation, or other limitations of our current technology.

46

In order to assist in the mitigation and control of operational risk, we have an operational risk framework that is designed to enable assessment and reporting on operational risk across the firm. This framework aims to ensure policies and procedures are in place and appropriately designed to identify and manage operational risk at appropriate levels throughout our organization and within various departments. These control mechanisms attempt to ensure that operational policies and procedures are being followed and that our employees and advisors operate within established corporate policies and limits. Notwithstanding the foregoing, please consult the “Risks Related to Our Technology” and the “Risks Related to Our Business and Industry” sections within Part I, “Item 1A. Risk Factors” in our 2018 Annual Report on Form 10-K for more information about the risks associated with our technology, including risks related to security, our risk management policies and procedures, and the potential related effects on our operations.
Regulatory and Legal Risk
The regulatory environment in which we operate is discussed in detail within Part I, “Item 1. Business” in our 2018 Annual Report on Form 10-K. In recent years, and during the period presented in this Quarterly Report on Form 10-Q, we have observed the SEC, FINRA and state regulators broaden the scope, frequency, and depth of their examinations and inquiries to include greater emphasis on the quality, consistency and oversight of our compliance systems and programs. Please consult the “Risks Related to Our Regulatory Environment” and the “Risks Related to Our Business and Industry” sections within Part I, “Item 1A. Risk Factors” in our 2018 Annual Report on Form 10-K for more information about the risks associated with operating within our regulatory environment, pending regulatory matters and the potential related effects on our operations.
Risk Management
We employ an enterprise risk management (“ERM”) framework that is intended to address key risks and responsibilities, enable us to execute our business strategy, and protect our Company and its franchise. Our framework is designed to promote clear lines of risk management accountability and a structured escalation process for key risk information and events.
We operate a three lines of defense model whereby the primary ownership for risk and control processes is the responsibility of business and control owners who are the “first line” of defense in effectively managing risks. The first line is responsible for risk process ownership and is comprised of the business units, whose primary responsibility is for day-to-day compliance and risk management, including execution of desktop and supervisory procedures. These business owners and certain control owners implement and execute controls to manage risk, execute risk assessments, identify emerging risks, and comply with risk management policies. The second line of defense is comprised of certain departments within Compliance, Legal and Risk (“CLR”), STO, Technology, Finance, and Human Capital, and this second line of defense provides risk and control assessment and oversight. The third line of defense is independent verification of the effectiveness of internal controls and is conducted by the Internal Audit department or in third-party reviews.
Our risk management governance approach includes the Board of Directors (the “Board”) and certain of its committees; the Risk Oversight Committee of LPL Financial (the “ROC”) and its subcommittees; the Internal Audit department and the CLR department of LPL Financial; and business line management. We regularly reevaluate and, when necessary, modify our processes to improve the identification and escalation of risks and events.
Audit Committee of the Board
In addition to its other responsibilities, the Audit Committee of the Board (the “Audit Committee”) reviews our policies with respect to risk assessment and risk management, as well as our major financial risk exposures and the steps management has undertaken to control them. The Audit Committee generally provides reports to the Board at each of the Board’s regularly scheduled quarterly meetings.
Compensation and Human Resources Committee of the Board
In addition to its other responsibilities, the Compensation and Human Resources Committee of the Board assesses whether our compensation arrangements encourage inappropriate risk-taking, and whether risks arising from our compensation arrangements are reasonably likely to have a material adverse effect on the Company.
Risk Oversight Committee of LPL Financial
The Audit Committee has mandated that the ROC oversee our risk management activities, including those of our subsidiaries. The Chief Risk Officer of LPL Financial serves as chair of the ROC, which meets four to six times per year, with ad hoc meetings as necessary. The members of the ROC include certain Managing Directors of LPL Financial, as well as other members of LPL Financial’s senior management team. Participation in the ROC by

47

senior officers is intended to ensure that the ROC covers the key risk areas of the Company, including its subsidiaries, and that the ROC thoroughly reviews significant matters relating to risk priorities, policies, control procedures and related exceptions, certain new and complex products and business arrangements, transactions with significant risk elements, and identified emerging risks.
The Chief Risk Officer provides updates on pertinent ROC discussions to the Audit Committee on a regular basis and, if necessary or requested, to the Board.
Subcommittees of the Risk Oversight Committee
The ROC has established multiple subcommittees that cover key areas of risk. The subcommittees meet regularly and are responsible for keeping the ROC informed and escalating issues in accordance with the Company’s escalation policies. The responsibilities of such subcommittees include, for example, oversight of the approval of new and complex investment products offered to advisors’ clients; oversight of the firm’s technology; and oversight of the firm’s operational risk profile.
Internal Audit Department
As the third line of defense, the Internal Audit department provides independent and objective assurance of the effectiveness of the Company’s governance, risk management and internal controls by conducting risk assessments and audits designed to identify and cover important risk categories. Internal Audit reports directly to the Audit Committee, which provides oversight of Internal Audit’s activities and approves its annual plan. The Internal Audit department provides regular updates to the ROC and reports to the Audit Committee at least as often as quarterly.
Control Groups
The CLR department provides compliance oversight and guidance, and conducts various risk and other assessments to address regulatory and Company-specific risks and requirements. The CLR department includes the Chief Legal Officer and the Chief Risk Officer, who review the results of the Company’s risk management process with the ROC, the Audit Committee, and the Board as necessary. STO and Technology each have risk management teams that identify, define, and remediate risk-related items within their respective groups. Additionally, the Internal Audit department is a control group.
Business Line Management
Each business line is responsible for managing its risk, and business line management is responsible for keeping senior management, including the members of the ROC, informed of operational risk and escalating risk matters (as defined by the Company’s escalation policies). We have conducted Company-wide escalation training for our employees. Certain business lines, including STO and Technology, have dedicated personnel with responsibilities for monitoring and managing risk-related matters. Business lines are subject to oversight by the control groups, and the Finance, CLR, Technology, and Human Capital departments also execute certain control functions and report matters to the ROC, Audit Committee, and Board as appropriate.
Advisor Policies
In addition to the ERM framework, we also have written policies and procedures that govern the conduct of business by our advisors, employees, and the terms and conditions of our relationships with product manufacturers. Our client and advisor policies address the extension of credit for client accounts, data and physical security, compliance with industry regulations, and codes of conduct and ethics to govern employee and advisor conduct, among other matters.
Item 4.  Controls and Procedures
Evaluation of Disclosure Controls and Procedures
Our Disclosure Committee, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures as of the end of the period covered by this report were effective.

48

Change in Internal Control over Financial Reporting
There were no changes in our internal control over financial reporting that occurred during the third quarter ended September 30, 2019, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

49

PART II — OTHER INFORMATION

Item 1. Legal Proceedings
From time to time, we have been subjected to and are currently subject to legal and regulatory proceedings arising out of our business operations, including lawsuits, arbitration claims, and inquiries, investigations and enforcement proceedings initiated by the SEC, FINRA and state securities regulators, as well as other actions and claims. See Note 10. Commitments and Contingencies, within the notes to the unaudited condensed consolidated financial statements for additional information.
On April 22, 2019, a putative class action lawsuit filed against the Company and certain of its executive officers in federal district court was dismissed with prejudice.
Item 1A. Risk Factors
There have been no material changes in the information regarding the Company’s risks, as set forth under Part I, “Item 1A. Risk Factors” in the Company’s 2018 Annual Report on Form 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The table below sets forth information regarding repurchases, reported on a trade date basis, during the three months ended September 30, 2019:
Period
Total Number
of Shares
Purchased
 
Weighted-Average Price
Paid per Share
 
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Programs
 
Approximate Dollar
Value of Shares That
May Yet Be Purchased
Under the Programs
(millions)(1)
July 1, 2019 through July 31, 2019
622,761

 
$
84.66

 
622,761

 
$
697.3

August 1, 2019 through August 31, 2019
925,747

 
$
74.05

 
925,747

 
$
628.8

September 1, 2019 through September 30, 2019
119,797

 
$
75.14

 
119,797

 
$
619.8

Total
1,668,305

 


 
1,668,305

 


_______________________________

(1)
See Note 11. Stockholders’ Equity, within the notes to the unaudited condensed consolidated financial statements for additional information.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
Item 5. Other Information
None.

50

Item 6. Exhibits
3.1

 
3.2

 
3.3

 
3.4

 
31.1

 
31.2

 
32.1

 
32.2

 
101.SCH

 
Inline XBRL Taxonomy Extension Schema
101.CAL

 
Inline XBRL Taxonomy Extension Calculation
101.LAB

 
Inline XBRL Taxonomy Extension Label
101.PRE

 
Inline XBRL Taxonomy Extension Presentation
101.DEF

 
Inline XBRL Taxonomy Extension Definition
104

 
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
____________________
*

 
Filed herewith.
(1
)
 
Incorporated by reference to Amendment No. 2 to the Registration Statement on Form S-1 filed on
July 9, 2010.
(2
)
 
Incorporated by reference to the Form 8-K filed on June 19, 2012.
(3
)
 
Incorporated by reference to the Form 8-K filed on May 9, 2014.
(4
)
 
Incorporated by reference to the Form 8-K filed on March 12, 2014.


51

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
LPL Financial Holdings Inc.
 
Date:
October 29, 2019
By:  
/s/ DAN H. ARNOLD
 
 
 
Dan H. Arnold
 
 
 
President and Chief Executive Officer 
 
 
 
 
Date:
October 29, 2019
By:  
/s/ MATTHEW J. AUDETTE
 
 
 
Matthew J. Audette
 
 
 
Chief Financial Officer 


52
 EX-31.1 2 exhibit31120190930.htm EXHIBIT 31.1 Exhibit


Exhibit 31.1
CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

I, Dan H. Arnold, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q of LPL Financial Holdings Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 29, 2019
/s/ Dan H. Arnold
 
 
 
 
 
Dan H. Arnold
 
President and Chief Executive Officer
(principal executive officer) 
 
 


EX-31.2 3 exhibit31220190930.htm EXHIBIT 31.2 Exhibit


Exhibit 31.2
CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

I, Matthew J. Audette, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q of LPL Financial Holdings Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 29, 2019
/s/ Matthew J. Audette
 
 
 
 
 
Matthew J. Audette
 
Chief Financial Officer
(principal financial officer) 
 
 


EX-32.1 4 exhibit32120190930.htm EXHIBIT 32.1 Exhibit


Exhibit 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection with the Quarterly Report on Form 10-Q of LPL Financial Holdings Inc. (the “Company”) for the period ending September 30, 2019 as filed with the Securities and Exchange Commission (“SEC”) on the date hereof (the “Report”), I, Dan H. Arnold, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:
1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
     A signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the SEC or its staff upon request.

Date: October 29, 2019

/s/ Dan H. Arnold
 
 
 
 
 
Dan H. Arnold
 
President and Chief Executive Officer 
 
 



EX-32.2 5 exhibit32220190930.htm EXHIBIT 32.2 Exhibit


Exhibit 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection with the Quarterly Report on Form 10-Q of LPL Financial Holdings Inc. (the “Company”) for the period ending September 30, 2019 as filed with the Securities and Exchange Commission (“SEC”) on the date hereof (the “Report”), I, Matthew J. Audette, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:
1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
     A signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the SEC or its staff upon request.

Date: October 29, 2019

/s/ Matthew J. Audette
 
 
 
 
 
Matthew J. Audette
 
Chief Financial Officer 
 
 



EX-101.SCH 6 lpla-20190930.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2107100 - Disclosure - Acquisitions Acquisitions link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Acquisitions (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Acquisitions (Tables) link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2415401 - Disclosure - Commitments and Contingencies Commitments and Contingencies (Legal) (Details) link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - Commitments and Contingencies Commitments and Contingencies (Other Commitments) (Details) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1005001 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) cash, cash equivalent and restricted cash reconciliation link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Condensed Consolidated Statements of Financial Condition (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1003001 - Statement - Condensed Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Condensed Consolidated Statements of Income (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Condensed Consolidated Statements of Income (Unaudited) link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 2413405 - Disclosure - Debt Broker-Dealer Credit Facility (Details) link:presentationLink link:calculationLink link:definitionLink 2413403 - Disclosure - Debt (Credit Agreement Outstanding) (Details) link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - Debt (Credit Agreement Textuals) (Details) link:presentationLink link:calculationLink link:definitionLink 2413404 - Disclosure - Debt Debt (Bank Loans Payable Textuals) (Details) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information Document link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - Earnings per Share link:presentationLink link:calculationLink link:definitionLink 2418402 - Disclosure - Earnings per Share (Details) link:presentationLink link:calculationLink link:definitionLink 2318301 - Disclosure - Earnings per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 2418403 - Disclosure - Earnings per Share (Textuals) (Details) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Fair Value Measurements Financial Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 2122100 - Disclosure - Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - Goodwill and Other Intangible Assets link:presentationLink link:calculationLink link:definitionLink 2412404 - Disclosure - Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details Textures) link:presentationLink link:calculationLink link:definitionLink 2312301 - Disclosure - Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 2412402 - Disclosure - Goodwill and Other Intangible Assets Goodwill (Details) link:presentationLink link:calculationLink link:definitionLink 2412403 - Disclosure - Goodwill and Other Intangible Assets Intangible Assets (Components) (Details) link:presentationLink link:calculationLink link:definitionLink 2412405 - Disclosure - Goodwill and Other Intangible Assets Intangible Assets (Future Amortization Expense) (Details) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - Held-to-Maturity Securities link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - Held-to-Maturity Securities (Details) link:presentationLink link:calculationLink link:definitionLink 2410403 - Disclosure - Held-to-Maturity Securities (Details 1) link:presentationLink link:calculationLink link:definitionLink 2410403 - Disclosure - Held-to-Maturity Securities (Details 1) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - Held-to-Maturity Securities (Tables) link:presentationLink link:calculationLink link:definitionLink 2119100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2419401 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - Leases link:presentationLink link:calculationLink link:definitionLink 2414403 - Disclosure - Leases Components of Lease Expense (Details) link:presentationLink link:calculationLink link:definitionLink 2414407 - Disclosure - Leases Maturities of Lease Liabilities at Prior Year End Under ASC Topic 840 (Details) link:presentationLink link:calculationLink link:definitionLink 2414406 - Disclosure - Leases Maturities of Lease Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 2414402 - Disclosure - Leases Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2414404 - Disclosure - Leases Supplemental Cash Flow Information Related to Leases (Details) link:presentationLink link:calculationLink link:definitionLink 2414405 - Disclosure - Leases Supplemental Weighted-Average Information Related to Leases (Details) link:presentationLink link:calculationLink link:definitionLink 2314301 - Disclosure - Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 2121100 - Disclosure - Net Capital and Regulatory Requirements link:presentationLink link:calculationLink link:definitionLink 2421402 - Disclosure - Net Capital and Regulatory Requirements (Details) link:presentationLink link:calculationLink link:definitionLink 2321301 - Disclosure - Net Capital and Regulatory Requirements (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Organization and Description of the Company link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - Organization and Description of the Company Consolidation, Parent Ownership Interest (Details) link:presentationLink link:calculationLink link:definitionLink 2120100 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 2420401 - Disclosure - Related Party Transactions (Details) link:presentationLink link:calculationLink link:definitionLink 2417406 - Disclosure - Restricted Stock Activity (Details) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - Revenue link:presentationLink link:calculationLink link:definitionLink 2404404 - Disclosure - Revenue Asset-based Revenue disaggregated by Product and Service (Details) link:presentationLink link:calculationLink link:definitionLink 2404403 - Disclosure - Revenue Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service (Details) link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - Revenue Commission Revenue Disaggregated by Product Category (Details) link:presentationLink link:calculationLink link:definitionLink 2404407 - Disclosure - Revenue Interest Income, Net of Interest Expense (Details) link:presentationLink link:calculationLink link:definitionLink 2304301 - Disclosure - Revenue (Tables) link:presentationLink link:calculationLink link:definitionLink 2404405 - Disclosure - Revenue Transaction and Fee Revenue Disaggregated by Timing of Transfer of Good or Service (Details) link:presentationLink link:calculationLink link:definitionLink 2404406 - Disclosure - Revenue Unearned Revenue Recognized (Details) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Share-Based Compensation link:presentationLink link:calculationLink link:definitionLink 2417405 - Disclosure - Share-Based Compensation Outstanding Stock Options and Warrant Information (Details) link:presentationLink link:calculationLink link:definitionLink 2417404 - Disclosure - Share-Based Compensation Stock Option and Warrant Activity (Details) link:presentationLink link:calculationLink link:definitionLink 2417403 - Disclosure - Share-Based Compensation Stock Option and Warrant Assumptions (Details) link:presentationLink link:calculationLink link:definitionLink 2317301 - Disclosure - Share-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 2417402 - Disclosure - Share-Based Compensation (Texuals) (Details) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Stockholders' Equity (Dividends Paid) (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Stockholdes' Equity (Share Repurchases) (Details) link:presentationLink link:calculationLink link:definitionLink 2123100 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 2423401 - Disclosure - Subsequent Events Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2402403 - Disclosure - Summary of Significant Accounting Policies Fair Value of Financial Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2402402 - Disclosure - Summary of Significant Accounting Policies Reportable Segment (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 lpla-20190930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 lpla-20190930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 lpla-20190930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Share-based Payment Arrangement [Abstract] Share-based Payment Arrangement, Option, Exercise Price Range [Table] Share-based Payment Arrangement, Option, Exercise Price Range [Table] Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Axis] Exercise Price Range [Axis] Exercise Price Range [Domain] Exercise Price Range [Domain] $18.01 - $25.00 Range One [Member] Range One. $25.01 - $35.00 Range Two [Member] Range Two. $35.01 - $45.00 Range Three [Member] Range Three. $45.01 - $65.00 Range Four [Member] Range Four. $65.01 - $75.00 Range Five [Member] Range Five. $75.01 - $80.00 Range Six [Member] Range Six. Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] Summary information about outstanding stock options and warrants Share-based Payment Arrangement, Option, Exercise Price Range, End of Period [Abstract] Total number of shares, Outstanding Share-based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding Weighted-average remaining life (years), Outstanding Share-based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term Weighted-average exercise price, Outstanding Share-based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price Number of shares, Exercisable Share-based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable Weighted-average exercise price, Exercisable Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price Goodwill and Intangible Assets Disclosure [Abstract] Schedule of Finite-Lived Intangible Assets [Table] Schedule of Finite-Lived Intangible Assets [Table] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets [Line Items] Future amortization expense Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] 2019 - Remainder Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months 2020 Finite-Lived Intangible Assets, Amortization Expense, Year Two 2021 Finite-Lived Intangible Assets, Amortization Expense, Year Three 2022 Finite-Lived Intangible Assets, Amortization Expense, Year Four 2023 Finite-Lived Intangible Assets, Amortization Expense, Year Five Thereafter Finite-Lived Intangible Assets, Amortization Expense, after Year Five Net Carrying Value Finite-Lived Intangible Assets, Net Statement of Financial Position [Abstract] Statement [Table] Statement [Table] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Statement, Scenario [Axis] Scenario [Axis] Scenario [Domain] Scenario [Domain] Statement [Line Items] Statement [Line Items] ASSETS Assets [Abstract] Cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Cash segregated under federal and other regulations Cash and Securities Segregated under Federal and Other Regulations Restricted cash Restricted Cash and Cash Equivalents Receivables from: Receivables [Abstract] Clients, net of allowance of $730 at September 30, 2019 and $640 at December 31, 2018 Receivables from Customers Product sponsors, broker-dealers, and clearing organizations Receivables from Brokers-Dealers and Clearing Organizations Advisor loans, net of allowance of $5,168 at September 30, 2019 and $5,080 at December 31, 2018 Financing Receivable, after Allowance for Credit Loss Others, net of allowance of $10,989 at September 30, 2019 and $8,099 at December 31, 2018 Other Receivables, Net, Current Securities owned: Securities Owned Abstract Securities owned: Trading — at fair value Debt Securities, Trading, and Equity Securities, FV-NI Held-to-maturity — at amortized cost Debt Securities, Held-to-maturity Securities borrowed Securities Borrowed Fixed assets, net of accumulated depreciation and amortization of $364,405 at September 30, 2019 and $308,155 at December 31, 2018 Property, Plant and Equipment, Net Operating lease assets Operating Lease, Right-of-Use Asset Goodwill Goodwill Intangible assets, net of accumulated amortization of $528,022 at September 30, 2019 and $479,319 at December 31, 2018 Intangible Assets, Net (Excluding Goodwill) Deferred transaction costs Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets Other assets Other Assets Total assets Assets LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities and Equity [Abstract] LIABILITIES: Liabilities [Abstract] Drafts payable Broker-Dealer, Draft Payable Payables to clients Broker-Dealer, Payable to Customer Payables to broker-dealers and clearing organizations Broker-Dealer, Payable to Other Broker-Dealer and Clearing Organization Accrued commission and advisory expenses payable Accrued Commissions And Advisory Fees Payable Balance of accrued commissions, recruiting bonus accruals, and other commissions payable. Accounts payable and accrued liabilities Accounts Payable and Accrued Liabilities Income taxes payable Taxes Payable Unearned revenue Deferred Revenue, Current Securities sold, but not yet purchased — at fair value Financial Instruments Sold, Not yet Purchased, at Fair Value Long-term borrowing, net Long-term Debt Operating lease liabilities Operating Lease, Liability Finance lease liabilities Finance Lease, Liability Leasehold financing and capital lease obligations Leasehold Financing Obligation Leasehold Financing Obligation Deferred income taxes, net Deferred Income Tax Liabilities, Net Total liabilities Liabilities STOCKHOLDERS' EQUITY: Stockholders' Equity Attributable to Parent [Abstract] Common stock, $.001 par value; 600,000,000 shares authorized; 126,186,912 shares issued at September 30, 2019 and 124,909,796 shares issued at December 31, 2018 Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital, Common Stock Treasury stock, at cost — 44,858,459 shares at September 30, 2019 and 39,820,646 shares at December 31, 2018 Treasury Stock, Value Accumulated other comprehensive income Accumulated Other Comprehensive Income (Loss), Net of Tax Retained earnings Retained Earnings (Accumulated Deficit) Total stockholders' equity Stockholders' Equity Attributable to Parent Total liabilities and stockholders' equity Liabilities and Equity Document and Entity Information [Abstract] Entities [Table] Entities [Table] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] Entity Information [Line Items] Entity Information [Line Items] Document Type Document Type Document Quarterly Report Document Quarterly Report Document Transition Report Document Transition Report Document Period End Date Document Period End Date Entity File Number Entity File Number Entity Registrant Name Entity Registrant Name Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, City or Town Entity Address, City or Town Entity Address, State or Province Entity Address, State or Province Entity Address, Postal Zip Code Entity Address, Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Title of 12(b) Security Title of 12(b) Security Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Current Reporting Status Entity Current Reporting Status Entity Interactive Data Current Entity Interactive Data Current Entity Filer Category Entity Filer Category Entity Small Business Entity Small Business Entity Emerging Growth Company Entity Emerging Growth Company Entity Shell Company Entity Shell Company Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Earnings Per Share [Abstract] Antidilutive securities excluded from computation of Earnings per Share amount Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Leases [Abstract] Operating Leases Lessee, Operating Lease, Liability, Payment, Due [Abstract] 2019 - remainder Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year 2020 Lessee, Operating Lease, Liability, Payments, Due Year Two 2021 Lessee, Operating Lease, Liability, Payments, Due Year Three 2022 Lessee, Operating Lease, Liability, Payments, Due Year Four 2023 Lessee, Operating Lease, Liability, Payments, Due Year Five Thereafter Lessee, Operating Lease, Liability, Payments, Due after Year Five Total lease payments Lessee, Operating Lease, Liability, Payments, Due Less imputed interest Lessee, Operating Lease, Liability, Undiscounted Excess Amount Total operating lease liabilities Finance Leases Finance Lease, Liability, Payment, Due [Abstract] 2019 - remainder Finance Lease, Liability, Payments, Remainder of Fiscal Year 2020 Finance Lease, Liability, Payments, Due Year Two 2021 Finance Lease, Liability, Payments, Due Year Three 2022 Finance Lease, Liability, Payments, Due Year Four 2023 Finance Lease, Liability, Payments, Due Year Five Thereafter Finance Lease, Liability, Payments, Due after Year Five Total lease payments Finance Lease, Liability, Payment, Due Less imputed interest Finance Lease, Liability, Undiscounted Excess Amount Total finance lease liabilities Related Party Transactions [Abstract] Schedule of Related Party Transactions, by Related Party [Table] Schedule of Related Party Transactions, by Related Party [Table] Statistical Measurement [Axis] Statistical Measurement [Axis] Statistical Measurement [Domain] Statistical Measurement [Domain] Related Party Transaction [Line Items] Related Party Transaction [Line Items] Shareholder Percent Ownership in Company Shareholder Percent Ownership in Company Shareholder Percent Ownership in Company Revenue from related party transactions Revenue from Related Parties Related party transactions expenses Related Party Transaction, Expenses from Transactions with Related Party Stockholders' Equity Note [Abstract] Class of Treasury Stock [Table] Class of Treasury Stock [Table] Class of Stock [Axis] Class of Stock [Axis] Class of Stock [Domain] Class of Stock [Domain] Share Repurchase Program [Axis] Share Repurchase Program [Axis] Share Repurchase Program [Domain] Share Repurchase Program [Domain] Equity, Class of Treasury Stock [Line Items] Equity, Class of Treasury Stock [Line Items] Dividends Declared [Table Text Block] Dividends Declared [Table Text Block] Summary of share repurchase program activity Class of Treasury Stock [Table Text Block] Acquisition [Abstract] Acquisition [Abstract] Schedule of Business Acquisitions, by Acquisition [Table] Schedule of Business Acquisitions, by Acquisition [Table] Footnote, Scenario [Axis] Forecast [Member] Forecast [Member] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Ownership [Axis] Ownership [Axis] Ownership [Domain] Ownership [Domain] Business Acquisition [Line Items] Business Acquisition [Line Items] Business Acquisition, Effective Date of Acquisition Business Acquisition, Effective Date of Acquisition Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High Payments to Acquire Businesses, Net of Cash Acquired Payments to Acquire Businesses, Net of Cash Acquired Revenue from Contract with Customer [Abstract] Disaggregation of Revenue [Table] Disaggregation of Revenue [Table] Principal Transaction Revenue, Description of Reporting Category [Axis] Principal Transaction Revenue, Description of Reporting Category [Axis] Name of Reporting Category [Domain] Name of Reporting Category [Domain] Product and Service [Axis] Product and Service [Axis] Product and Service [Domain] Product and Service [Domain] Timing of Transfer of Good or Service [Axis] Timing of Transfer of Good or Service [Axis] Timing of Transfer of Good or Service [Domain] Timing of Transfer of Good or Service [Domain] Disaggregation of Revenue [Line Items] Disaggregation of Revenue [Line Items] Disaggregation of Revenue - Reporting Category [Table Text Block] Disaggregation of Revenue - Reporting Category [Table Text Block] Disaggregation of Revenue - Reporting Category [Table Text Block] Disaggregation of Revenue - Reporting Category & Timing of Transfer of Good or Service [Table Text Block] Disaggregation of Revenue - Reporting Category & Timing of Transfer of Good or Service [Table Text Block] Disaggregation of Revenue - Reporting Category & Timing of Transfer of Good or Service [Table Text Block] Disaggregation of Revenue - Product and Service [Table Text Block] Disaggregation of Revenue - Product and Service [Table Text Block] Disaggregation of Revenue - Product and Service [Table Text Block] Disaggregation of Revenue - Timing of Transfer of Good or Service [Table Text Block] Disaggregation of Revenue - Timing of Transfer of Good or Service [Table Text Block] Disaggregation of Revenue - Timing of Transfer of Good or Service [Table Text Block] Weighted-average assumptions used for calculating the fair value of stock options and warrants with the Black-Scholes valuation model Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] Summary of stock option and warrant activity Share-based Payment Arrangement, Option, Activity [Table Text Block] Summary of outstanding stock options and warrant information Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] Summary of restricted stock awards and restricted stock units activity Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] Investments, Debt and Equity Securities [Abstract] Debt Securities, Held-to-maturity [Table] Debt Securities, Held-to-maturity [Table] Financial Instrument [Axis] Financial Instrument [Axis] Financial Instruments [Domain] Financial Instruments [Domain] U.S. Treasury Securities [Member] US Treasury Securities [Member] Schedule of Held-to-maturity Securities [Line Items] Schedule of Held-to-maturity Securities [Line Items] Maturities of securities held-to-maturity Debt Securities, Held-to-maturity, Maturity [Abstract] U.S. government notes - at amortized cost, Within one year Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost U.S. government notes - at amortized cost, After one but within five years Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost U.S. government notes - at amortized cost, After five through ten years Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost U.S. government notes - at amortized cost, Total U.S. government notes - at fair value, Within one year Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value U.S. government notes - at fair value, After one but within five years Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value U.S. government notes - at fair value, After five through ten years Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value U.S. government notes - at fair value, Total Debt Securities, Held-to-maturity, Fair Value Subsequent Events [Abstract] Subsequent Event [Table] Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event [Member] Subsequent Event [Member] Dividends [Axis] Dividends [Axis] Dividends [Domain] Dividends [Domain] Subsequent Event [Line Items] Subsequent Event [Line Items] Dividends Payable, Date Declared Dividends Payable, Date Declared Dividends Payable, Amount Per Share Dividends Payable, Amount Per Share Dividends Payable, Date to be Paid Dividends Payable, Date to be Paid Dividends Payable, Date of Record Dividends Payable, Date of Record Business Combinations [Abstract] Acquisitions Business Combination Disclosure [Text Block] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Recipient [Axis] Award Recipient [Axis] Award Recipient [Axis] Award Recipient Type [Domain] Award Recipient Type [Domain] [Domain] for Award Recipient Type [Axis] Employees, officers, and directors [Member] Employees, officers, and directors [Member] Employees, officers, and directors [Member] Advisors and Financial Institutions [Member] Advisors and Financial Institutions [Member] Advisors and financial institutions. Award Type [Axis] Award Type [Axis] Award Type [Domain] Award Type [Domain] Stock options and warrants [Member] Stock options and warrants [Member] Stock options and warrants [Member] Restricted Stock [Member] Restricted Stock [Member] Restricted stock awards [Member] Restricted stock awards [Member] Share awards for directors that an entity has not yet issued because the agreed-upon consideration, such as employee services, has not yet been received. Restricted stock units (RSUs) [Member] Restricted Stock Units (RSUs) [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Authorized shares Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Share-based compensation: Share-based Payment Arrangement, Noncash Expense [Abstract] Share-based compensation Share-based Payment Arrangement, Expense Share-based compensation cost unrecognized Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount Non-vested compensation cost weighted-average period Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Fair Value Disclosures [Abstract] Fair Value Measurements Fair Value Disclosures [Text Block] Common Stock, Dividends, Per Share, Cash Paid Common Stock, Dividends, Per Share, Cash Paid Total cash dividends paid during the quarter Dividends, Common Stock, Cash Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Description of the Company Nature of Operations [Text Block] Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table] Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table] Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Lpl Financial Llc [Member] Lpl Financial Llc [Member] LPL Financial LLC Ptc Holdings Inc [Member] Ptc Holdings Inc [Member] PTC Holdings Inc. Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] Ownership Interest Percentage In Subsidiary Ownership Interest Percentage In Subsidiary Ownership interest percentage in subsidiary. Number of States in which Entity Operates Number of States in which Entity Operates Accounting Policies [Abstract] Basis of Presentation Basis of Accounting, Policy [Policy Text Block] Consolidation Consolidation, Policy [Policy Text Block] Reportable Segment Segment Reporting, Policy [Policy Text Block] Fair Value of Financial Instruments Fair Value of Financial Instruments, Policy [Policy Text Block] Recently Issued & Adopted Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Revenues Revenue from Contract with Customer [Text Block] Summary of activity in goodwill Schedule of Goodwill [Table Text Block] Components of intangible assets Schedule of Intangible Assets and Goodwill [Table Text Block] Amortization expense Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] Debt Disclosure [Abstract] Line of Credit Facility [Table] Line of Credit Facility [Table] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] Additional Senior Unsecured Notes due 2025 [Member] Additional Senior Unsecured Notes due 2025 [Member] Additional Senior Unsecured Notes due 2025 [Member] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Unsecured Debt [Member] Unsecured Debt [Member] Credit Facility [Axis] Credit Facility [Axis] Credit Facility [Domain] Credit Facility [Domain] Line of Credit [Member] Line of Credit [Member] Line of Credit Facility [Line Items] Line of Credit Facility [Line Items] Total number of uncommitted lines of credit Number Of Uncommitted Lines Of Credit Number of uncommitted lines of credit mainted by the Company. Number of uncommitted lines of credit with an unspecified limit Uncommitted lines of credit, unspecified limit The number of uncommitted lines of credit with an unspecified limit maintained by the Company. Line of credit, maximum borrowing capacity Line of Credit Facility, Maximum Borrowing Capacity Average Outstanding Amount Line of Credit Facility, Average Outstanding Amount Interest rate (as percent) Line of Credit Facility, Interest Rate During Period Line of credit, amount outstanding Long-term Line of Credit Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Revolving Credit Facility [Member] Revolving Credit Facility [Member] Secured Debt [Member] Secured Debt [Member] Senior Notes Due 2025 [Member] Senior Notes Due 2025 [Member] Senior Notes Due 2025 [Member] Fourth Amendment Agreement Term Loan B [Member] Fourth Amendment Agreement Term Loan B [Member] Fourth Amendment Agreement Term Loan B Credit Agreement entered on March 10, 2017[Member] Variable Rate [Axis] Variable Rate [Axis] Variable Rate [Domain] Variable Rate [Domain] London Interbank Offered Rate (LIBOR) [Member] London Interbank Offered Rate (LIBOR) [Member] Debt Instrument [Line Items] Debt Instrument [Line Items] Total borrowings Long-term Debt, Gross Debt Instrument, Unamortized Premium Debt Instrument, Unamortized Premium Less Unamortized Debt Issuance Cost Debt Issuance Costs, Net Long-term borrowings — net of unamortized debt issuance cost Applicable margin (as percent) Debt Instrument, Basis Spread on Variable Rate Interest Rate (as percent) Debt Instrument, Interest Rate, Effective Percentage Interest Rate (as percent) Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate Related Party Transactions Related Party Transactions Disclosure [Text Block] Net income Net Income (Loss) Attributable to Parent Basic weighted-average number of shares outstanding Weighted Average Number of Shares Outstanding, Basic Dilutive common share equivalents Weighted Average Number Diluted Shares Outstanding Adjustment Diluted weighted-average number of shares outstanding Weighted Average Number of Shares Outstanding, Diluted Basic earnings per share Earnings Per Share, Basic Diluted earnings per share Earnings Per Share, Diluted Summary of amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity Debt Securities, Held-to-maturity [Table Text Block] Maturities of securities held-to-maturity Investments Classified by Contractual Maturity Date [Table Text Block] Schedule of Components of Lease Expense Lease, Cost [Table Text Block] Schedule of Supplemental Cash Flow information related to leases Supplemental cash flow information related to leases [Table Text Block] Supplemental cash flow information related to leases [Table Text Block] Schedule of Supplemental weighted-average information related to leases Supplemental weighted-average information related to leases [Text Block] Supplemental weighted-average information related to leases Schedule of Maturities of Lease Liabilities - Operating Leases Lessee, Operating Lease, Liability, Maturity [Table Text Block] Schedule of Maturities of Lease Liabilities - Finance Leases Finance Lease, Liability, Maturity [Table Text Block] Schedule of Maturities of Lease Liabilities under ASC Topic 840 Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Subsequent Event [Abstract] Subsequent Event [Abstract] Subsequent Events [Text Block] Subsequent Events [Text Block] Weighed Average Remaining Lease Term [Abstract] Weighed Average Remaining Lease Term [Abstract] Weighed Average Remaining Lease Term [Abstract] Finance Lease, Weighted Average Remaining Lease Term Finance Lease, Weighted Average Remaining Lease Term Operating Lease, Weighted Average Remaining Lease Term Operating Lease, Weighted Average Remaining Lease Term Weighted-average discount rate [Abstract] Weighted-average discount rate [Abstract] Weighted-average discount rate [Abstract] Finance Lease, Weighted Average Discount Rate, Percent Finance Lease, Weighted Average Discount Rate, Percent Operating Lease, Weighted Average Discount Rate, Percent Operating Lease, Weighted Average Discount Rate, Percent Operating cash flows from operating leases Operating Lease, Payments Operating cash flows from finance leases Finance Lease, Interest Payment on Liability Financing cash flows from finance leases Finance Lease, Principal Payments Total amortization expense of intangible assets Amortization of Intangible Assets Income Statement [Abstract] REVENUES: Revenues [Abstract] Commission Brokerage Commissions Revenue Advisory Revenue Advisory Revenue Amount of fees charged on the LPL corporate RIA platform provided through LPL Financial to clients of LPL advisors based on the value of their advisory assets. Asset-based Asset Based Fees Revenue recognized in the period for fees from cash sweep programs, sponsorship programs, omnibus processing and networking services. Transaction and fee Transaction And Other Fees Revenue recognized in the period from transaction fees and ticket charges, subscription fees, IRA custodian fees, contract and license fees, conference fees and small or inactive account fees. Interest income, net of interest expense Interest Income (Expense), Net Other Other Income Total net revenues Revenues EXPENSES: Operating Expenses [Abstract] Commission and advisory Commissions And Advisory Fees Gross commissions and advisory fees that are earned and paid out to customers based on the sale of various products and services, production bonuses for achieving production levels, share-based compensation expense for stock options and warrants granted to customers, and deferred commissions for customers as part of a non-qualified deferred compensation plan. Compensation and benefits Labor and Related Expense Promotional Promotional Expenses The total expense recognized in the period for promotional items and business development costs. Depreciation and amortization Depreciation, Depletion and Amortization Amortization of intangible assets Occupancy and equipment Occupancy, Net Professional services Professional Fees Brokerage, clearing and exchange Floor Brokerage, Exchange and Clearance Fees Communications and data processing Communications and Information Technology Other Other Expenses Total operating expenses Costs and Expenses Non-operating interest expense and other Interest Expense, Subordinated Notes and Debentures Loss on extinguishment of debt Gain (Loss) on Extinguishment of Debt INCOME BEFORE PROVISION FOR INCOME TAXES Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest PROVISION FOR INCOME TAXES Income Tax Expense (Benefit) NET INCOME EARNINGS PER SHARE (Note 13) Earnings per share, basic Earnings per share, diluted Weighted-average shares outstanding, basic Weighted-average shares outstanding, diluted Earnings per Share Earnings Per Share [Text Block] Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] Number of Shares Outstanding, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Number of Shares, Granted Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross Number of Shares, Exercised Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Number of Shares, Forfeited Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period Number of Shares Outstanding, Ending Balance Number of Shares Exercisable, Ending Balance Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Number of Shares Exercisable and expect to vest Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number Weighed-Average Exercise Price, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Weighted-Average Exercise Price, Granted Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Weighted-Average Exercise Price, Exercised Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Weighted-Average Exercise Price, Forfeited Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price Weighed-Average Exercise Price, Ending Balance Weighted-Average Exercise Price, Exercisable Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Weighed-Average Exercise Price, Excercisable and expect to vest Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price Weighted-Average Remaining Contractual Term, Options Outstanding Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term Weighted-Average Remaining Contractual Term, Options Exercisable Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term Weighted-Average Remaining Contractual Term, Exercisable and expected to vest Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term Aggregate Intrinsic Value, Outstanding, Ending Balance Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value Aggregate Intrinsic Value, Exercisable, Ending Balance Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value Aggregate Intrinsic Value, Exercisable and expected to vest, Ending Balance Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value Brokers and Dealers [Abstract] Net capital and net capital requirements for the Company's broker-dealer subsidiaries Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] Broker-Dealer, Net Capital Broker-Dealer, Net Capital Broker-Dealer, Minimum Net Capital Required, Broker-Dealer Subsidiary, Aggregate Indebtedness Standard Broker-Dealer, Minimum Net Capital Required, Broker-Dealer Subsidiary, Aggregate Indebtedness Standard Eurodollar Rate [Member] Eurodollar [Member] Base Rate [Member] Base Rate [Member] Minimum Minimum [Member] Maximum Maximum [Member] Debt term Debt Instrument, Term Principal amount of debt Long-term Debt, Gross Applicable interest rate margin (as percent) Interest Rate Floor Interest Rate Floor Interest rate floor the eurodollar rate is subject to. Amortization payment (as percent) Debt Instrument, Amortization Payment, Percentage Debt Instrument, Amortization Payment, Percentage Letters of credit, amount outstanding Letters of Credit Outstanding, Amount Debt Instrument, Redemption Price, Percentage Debt Instrument, Redemption Price, Percentage Unearned Revenue [Abstract] Unearned Revenue [Abstract] Deferred Revenue, Revenue Recognized Deferred Revenue, Revenue Recognized Leases Lessee, Operating Leases [Text Block] Leases Lessee, Finance Leases [Text Block] Income Tax Disclosure [Abstract] Federal statutory income tax rate Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent Effective income tax rate Effective Income Tax Rate Reconciliation, Percent Basic and diluted earnings per share computations Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Held-to-Maturity Securities Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] Net Capital and Regulatory Requirements Brokers and Dealers Disclosure [Text Block] Statement of Stockholders' Equity [Abstract] Common Stock Common Stock [Member] Additional Paid-In Capital Additional Paid-in Capital [Member] Treasury Stock Treasury Stock [Member] Accumulated Other Comprehensive Income (Loss) AOCI Attributable to Parent [Member] Retained Earnings Retained Earnings [Member] BEGINNING BALANCE BEGINNING BALANCE, shares Shares, Issued Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Net income and other comprehensive income (loss), net of tax expense Comprehensive Income (Loss), Net of Tax, Attributable to Parent Cumulative effect of accounting change New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification Issuance of common stock to settle restricted stock units, net Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures Issuance of common stock to settle restricted stock units, net, shares Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures Treasury stock purchases Treasury Stock, Value, Acquired, Cost Method Treasury stock purchases, shares Treasury Stock, Shares, Acquired Cash dividends on common stock Stock option exercises and other Stock Issued During Period, Value, Stock Options Exercised Stock option exercises and other (in shares) Share-based compensation APIC, Share-based Payment Arrangement, Increase for Cost Recognition Excess tax benefits (tax deficiency) from share-based compensation Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net ENDING BALANCE ENDING BALANCE, shares Income Taxes Income Tax Disclosure [Text Block] Asset-based Revenue disaggregated by Product and Service [Abstract] Asset-based Revenue disaggregated by Product and Service [Abstract] Client cash [Member] Cash-sweep Revenue [Member] Cash-sweep Revenue [Member] Sponsorship Programs [Member] Sponsorship Programs [Member] LPL receives compensation from certain financial product manufacturers and is paid in connection with programs that support LPL marketing and sales force education and training efforts referred to as, Sponsorship Programs [Member] Recordkeeping [Member] Recordkeeping Revenues [Member] Recordkeeping Revenues [Member] Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] Contract with Customer, Basis of Pricing [Axis] Contract with Customer, Basis of Pricing [Axis] Contract with Customer, Basis of Pricing [Domain] Contract with Customer, Basis of Pricing [Domain] Contract with Customer, Duration [Axis] Contract with Customer, Duration [Axis] Contract with Customer, Duration [Domain] Contract with Customer, Duration [Domain] Contract with Customer, Sales Channel [Axis] Contract with Customer, Sales Channel [Axis] Contract with Customer, Sales Channel [Domain] Contract with Customer, Sales Channel [Domain] Customer [Axis] Customer [Axis] Customer [Domain] Customer [Domain] Asset Based Fees Lease Cost Lease, Cost [Abstract] Operating lease cost Operating Lease, Cost Amortization of right-of-use assets Finance Lease, Right-of-Use Asset, Amortization Interest on lease liabilities Finance Lease, Interest Expense Total finance lease cost Finance Lease, Total Cost Finance Lease, Total Cost Stock units vested and undistributed Stock units vested and undistributed Stock units vested and undistributed Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Number of Shares, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Number of Shares, Granted Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Number of Shares, Vested Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Number of Shares, Forfeited Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Number of Shares, Ending Balance Number of Shares, Expected to vest Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number Weighted-Average Grant-Date Fair Value, Beginning Balance Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Weighted-Average Grant-Date Fair Value, Granted Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Weighted-Average Grant-Date Fair Value, Vested Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Weighted-Average Grant-Date Fair Value, Forfeited Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value Weighted-Average Grant-Date Fair Value, Ending Balance Weighed-Average Grant-Date Fair Value, Expected to vest Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price Summary of amortized cost, gross unrealized gain (loss) and fair value of securities held-to-maturity Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract] Gross unrealized gain Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain Gross unrealized loss Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss Financial assets and financial liabilities measured at fair value on a recurring basis Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Number of Operating Segments Number of Operating Segments Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table] Fair Value, Recurring and Nonrecurring [Table] Schedule of Trading Securities and Other Trading Assets, Major Types of Trading Securities and Assets [Axis] Major Types of Trading Securities and Assets [Domain] Money Market Funds [Member] Money Market Funds [Member] Mutual Funds [Member] Mutual Funds [Member] An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. Equities [Member] Equity Securities [Member] Debt Securities [Member] Debt Securities [Member] U.S. treasury obligations [Member] Certificates of Deposit [Member] Certificates of Deposit [Member] Security Owned and Sold, Not yet Purchased, at Fair Value [Axis] Security Owned and Sold, Not yet Purchased, at Fair Value [Axis] Security Owned and Sold, Not yet Purchased Fair Value, Security Name [Domain] Security Owned and Sold, Not yet Purchased Fair Value, Security Name [Domain] Measurement Frequency [Axis] Measurement Frequency [Axis] Measurement Frequency [Domain] Measurement Frequency [Domain] Fair Value, Recurring [Member] Fair Value, Recurring [Member] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Axis] Fair Value, Measurements, Fair Value Hierarchy [Domain] Fair Value Hierarchy and NAV [Domain] Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 1 [Member] Level 2 [Member] Fair Value, Inputs, Level 2 [Member] Level 3 [Member] Fair Value, Inputs, Level 3 [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Cash equivalents Cash and Cash Equivalents, Fair Value Disclosure Securities owned — trading Other assets Other Assets, Fair Value Disclosure Total assets at fair value Assets, Fair Value Disclosure Securities sold, but not yet purchased Accounts payable and accrued liabilities Accounts Payable and Accrued Liabilities, Fair Value Disclosure Total liabilities at fair value Financial and Nonfinancial Liabilities, Fair Value Disclosure Commission Revenue disaggregated by Investment Product Category [Abstract] Commission Revenue disaggregated by Investment Product Category [Abstract] Variable Annuities [Member] Variable Annuity [Member] Mutual Funds [Member] Mutual Fund [Member] Alternative Investments [Member] Alternative Investments [Member] Alternative Investments [Member] Fixed Annuities [Member] Fixed Annuity [Member] Fixed Income [Member] Fixed Income Securities [Member] Insurance [Member] Individual Insurance Policy [Member] Group Annuities [Member] Deferred Variable Annuity [Member] Other [Member] Other Investment [Member] Other Investment [Member] Brokerage Commissions Revenue Summary of Significant Accounting Policies Basis of Presentation and Significant Accounting Policies [Text Block] Goodwill and Other Intangible Assets Goodwill and Intangible Assets Disclosure [Text Block] Collateral Securities Repledged, Delivered, or Used Collateral Securities Repledged, Delivered, or Used Collateral security Customer Securities for which Entity has Right to Sell or Repledge, Fair Value Amount pledged with client-owned securities Customer Securities for which Entity has Right to Sell or Repledge, Fair Value of Securities Sold or Repledged Remaining collateral securities that can be re-pledged, loaned, or sold Fair Value of Securities Received as Collateral that Can be Resold or Repledged Financial Instruments Owned and Pledged as Collateral [Abstract] Financial Instruments Owned and Pledged as Collateral [Abstract] Financial Instruments Owned and Pledged as Collateral [Table] Financial Instruments Owned and Pledged as Collateral [Table] Clearing Corporation [Axis] Clearing Corporation [Axis] Clearing Corporation [Axis] Clearing Corporation [Domain] Clearing Corporation [Domain] [Domain] for Clearing Corporation [Axis] Options Clearing Corporation [Member] Options Clearing Corporation [Member] Options Clearing Corporation [Member] National Securities Clearing Corporation [Member] National Securities Clearing Corporation [Member] National Securities Clearing Corporation [Member] Financial Instruments Owned and Pledged as Collateral [Line Items] Financial Instruments Owned and Pledged as Collateral [Line Items] Security Owned and Pledged as Collateral, Fair Value [Abstract] Security Owned and Pledged as Collateral, Fair Value [Abstract] Trading securities pledged to clearing organizations Security Owned and Pledged as Collateral, Fair Value Supplemental Cash Flow Elements [Abstract] Cash and cash equivalents Cash segregated under federal and other regulations Restricted cash Total cash, cash equivalents, and restricted cash shown in the statement of cash flows Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Amount Remaining Stock Repurchase Program, Remaining Authorized Repurchase Amount Shares Purchased Weighted-Average Price Paid Per Share Treasury Stock Acquired, Average Cost Per Share Total Cost Commission Fee Paid Per Repurchased Share Commission Fee Paid Per Repurchased Share Commission Fee Paid Per Repurchased Share Lease Description [Table] Lessee, Lease, Description [Table] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Fixed Assets Property, Plant and Equipment [Member] Lease Description [Line Items] Lessee, Lease, Description [Line Items] Remaining lease terms (in years) Lessee, Operating Lease And Finance Lease, Remaining Lease Term Lessee, Operating Lease and Finance Lease, Remaining Lease Term Options to extend leases (in years) Lessee, Operating Lease And Finance Lease, Renewal Term Lessee, Operating Lease and Finance Lease, Renewal Term Finance lease assets Finance Lease, Right-of-Use Asset Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by (used in) operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Noncash items: Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation and amortization Depreciation Amortization of debt issuance costs Amortization of Debt Issuance Costs Share-based compensation Share-based Payment Arrangement, Noncash Expense Excess tax benefits related to share-based compensation Excess Tax Benefit from Share-based Compensation, Operating Activities Provision for bad debts Accounts Receivable, Credit Loss Expense (Reversal) Deferred income tax provision Deferred Income Tax Expense (Benefit) Loan forgiveness Loan Forgiveness Forgiven portion of previously issued loans to certain shareholders, net of interest incurred. Other Other Noncash Income (Expense) Changes in operating assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Receivables from clients Increase Decrease Receivables From Clients The net change during the reporting period in receivables from brokerage clients. Brokerage client balances include margin loans to clients stated, net of allowance for doubtful accounts. Receivables from product sponsors, broker-dealers and clearing organizations Increase (Decrease) in Receivables from Brokers-Dealers and Clearing Organizations Advisor loans Increase (Decrease) in Other Loans Receivables from others Increase (Decrease) in Other Receivables Securities owned Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI Securities borrowed Increase (Decrease) in Securities Borrowed Operating leases Increase (Decrease) In Right Of Use Assets And Lease Liabilities Net Increase (Decrease) In Right Of Use Assets And Lease Liabilities Net Other assets Increase (Decrease) in Other Operating Assets Drafts payable Drafts Payable Changes In Operating Assets And Liabilities The net change during the reporting period in the amounts due on drafts payable during the reporting period. Payables to clients Increase Decrease Payables To Clients The net change during the reporting period in payables to clients, includes amounts payable on cash and margin transactions, including interest on certain client balances. Payables to broker-dealers and clearing organizations Increase (Decrease) in Payables to Broker-Dealers and Clearing Organizations Accrued commission and advisory expenses payable Changes In Accrued Commissions And Advisory Fees Payable The net change in the balance of accrued commissions, recruiting bonus accruals, and other commissions payable over the reporting period. Accounts payable and accrued liabilities Increase (Decrease) in Accounts Payable and Accrued Liabilities Income taxes receivable/payable Increase (Decrease) in Income Taxes Unearned revenue Increase (Decrease) in Deferred Revenue Securities sold, but not yet purchased Increase (Decrease) in Financial Instruments Sold, Not yet Purchased Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Net Cash Provided by (Used in) Investing Activities [Abstract] Capital expenditures Payments to Acquire Property, Plant, and Equipment Payments to Acquire Businesses, Net of Cash Acquired Proceeds from disposal of fixed assets Proceeds from Sale of Productive Assets Purchase of securities classified as held-to-maturity Payments to Acquire Held-to-maturity Securities Proceeds from maturity of securities classified as held-to-maturity Proceeds from Sale and Maturity of Held-to-maturity Securities Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: Net Cash Provided by (Used in) Financing Activities [Abstract] Proceeds from revolving credit facility Proceeds from Lines of Credit Repayments of revolving credit facility Repayments of Lines of Credit Repayment of senior secured term loans Repayments of Long-term Lines of Credit Proceeds from senior secured term loans and senior notes Proceeds from Long-term Lines of Credit Payments of debt issuance costs Payments of Debt Issuance Costs Tax payments related to settlement of restricted stock units Payment, Tax Withholding, Share-based Payment Arrangement Repurchase of common stock Payments for Repurchase of Common Stock Dividends on common stock Payments of Dividends Excess tax benefits related to share-based compensation Excess Tax Benefit from Share-based Compensation, Financing Activities Proceeds from stock option exercises and other Proceeds from Stock Options Exercised Principal payment of finance leases and obligations Payment of Leasehold Financing Obligation Payment of Leasehold Financing Obligation Net cash used in financing activities Net Cash Provided by (Used in) Financing Activities NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Supplemental Cash Flow Information [Abstract] Interest Paid, Excluding Capitalized Interest, Operating Activities Interest Paid, Excluding Capitalized Interest, Operating Activities Income taxes paid Income Taxes Paid NONCASH DISCLOSURES: Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Capital expenditures included in accounts payable and accrued liabilities Capital Expenditures Incurred but Not yet Paid Lease assets obtained in exchange for operating lease liabilities non cash finance obligation The increase during the period in finance obligations related to real estate projects that results in no cash inflows or outflows during the period in which they occur. Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service [Abstract] Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service [Abstract] Point-in-time [Member] Transferred at Point in Time [Member] Over time [Member] Transferred over Time [Member] Fair Value, Inputs, Level 2 [Member] Fair value of indebtedness Debt Instrument, Fair Value Disclosure Schedule of Intangible Assets by Major Class [Table] Schedule of Intangible Assets by Major Class [Table] Schedule of Intangible Assets by Major Class [Table] Advisor And Financial Institution Relationships [Member] Advisor And Financial Institution Relationships [Member] Advisor and financial institution relationships. Product Sponsor Relationships [Member] Product Sponsor Relationships [Member] Product sponsor relationships. Client Relationships [Member] Customer Relationships [Member] Technology-Based Intangible Assets [Member] Technology-Based Intangible Assets [Member] Trade Names [Member] Trade Names [Member] Indefinite-lived Intangible Assets [Axis] Indefinite-lived Intangible Assets [Axis] Indefinite-lived Intangible Assets, Major Class Name [Domain] Indefinite-lived Intangible Assets, Major Class Name [Domain] Trademarks and Trade Names [Member] Trademarks and Trade Names [Member] Intangible Assets [Line Items] Intangible Assets [Line Items] Intangible Assets [Line Items] Finite-Lived Intangible Assets Finite-Lived Intangible Assets, Net [Abstract] Weighed-Average Life Remaining (in years) Acquired Finite-lived Intangible Assets, Weighted Average Useful Life Gross Carrying Value Finite-Lived Intangible Assets, Gross Accumulated Amortization Finite-Lived Intangible Assets, Accumulated Amortization Indefinite-lived Intangible Assets Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract] Net Carrying Value Indefinite-lived Intangible Assets (Excluding Goodwill) Total intangible assets Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk [Abstract] Concentration risk credit risk financial instruments off balance sheet risk. Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk [Text Block] Description of financial instruments, excluding certain derivatives, with off-balance sheet credit risk (for example, standby letters of credit or financial guarantees), including (1) information about the (shared) activity, region or economic characteristic that identifies the concentration, (2) the face or contract amount of the instrument, (3) the nature and terms of the instrument, including the market risk, cash requirements and accounting policies for it, (4) the maximum amount of loss due to credit risk that would be incurred if the counterparties failed completely to perform according to the terms of the contracts, and any security or collateral that proved to be of no value, (5) the entity's policy of requiring collateral or other security to support financial instruments subject to credit risk, information about access to collateral or other security, and a brief description of the security supporting those financial instruments, and (6) the policy of entering into and a brief description of master netting arrangements to mitigate the credit risk, and the extent to which such arrangements would reduce the maximum amount of loss due to credit risk. Debt Debt Disclosure [Text Block] Commitments and Contingencies Disclosure [Abstract] Loss Contingencies [Table] Loss Contingencies [Table] Loss Contingency Nature [Axis] Loss Contingency Nature [Axis] Loss Contingency, Nature [Domain] Loss Contingency, Nature [Domain] Litigation Status [Axis] Litigation Status [Axis] Litigation Status [Domain] Litigation Status [Domain] Litigation Case [Axis] Litigation Case [Axis] Litigation Case [Domain] Litigation Case [Domain] Loss Contingencies [Line Items] Loss Contingencies [Line Items] Loss Contingency Accrual Loss Contingency Accrual, Payments Goodwill [Roll Forward] Goodwill [Roll Forward] Goodwill, beginning balance Goodwill acquired Goodwill, Acquired During Period Goodwill, ending balance Stockholders' Equity Note Disclosure [Text Block] Stockholders' Equity Note Disclosure [Text Block] Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] 2019 Operating Leases, Future Minimum Payments Due, Next Twelve Months 2020 Operating Leases, Future Minimum Payments, Due in Two Years 2021 Operating Leases, Future Minimum Payments, Due in Three Years 2022 Operating Leases, Future Minimum Payments, Due in Four Years 2023 Operating Leases, Future Minimum Payments, Due in Five Years Thereafter Operating Leases, Future Minimum Payments, Due Thereafter Total minimum payments under ASC Topic 840 Operating Leases, Future Minimum Payments Due Non-lease commitments excluded from minimum payments Other Commitment, Non-Lease Commitment Other Commitment, Non-Lease Commitment Stockholders' Equity Share-based Payment Arrangement [Text Block] Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] Expected life (in years) Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term Expected stock price volatility Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate Expected dividend yield Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate Risk-free interest rate Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate Fair value of options Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value Commitments and Contingencies Commitments and Contingencies Disclosure [Text Block] Outstanding borrowings Schedule of Long-term Debt Instruments [Table Text Block] Transaction And Other Fees Receivable Type [Axis] Receivable Type [Axis] Receivable [Domain] Receivable [Domain] Receivables from clients [Member] Receivables from clients [Member] Receivables from clients for amounts due on cash and margin transactions [Member] Receivables from others [Member] Receivables from others [Member] Receivables from others consisting primarily of other accrued fees from product sponsors and advisors [Member] Advisor Loans [Member] Advisor Loans [Member] Advisor Loans [Member] Allowances on receivables Accounts Receivable, Allowance for Credit Loss Accumulated depreciation and amortization, Fixed assets Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Accumulated amortization, Intangible assets Common stock, par value Common Stock, Par or Stated Value Per Share Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares issued Common Stock, Shares, Issued Treasury stock, shares Treasury Stock, Shares Line of Credit Facility [Abstract] LPL Financial LLC [Domain] LPL Financial LLC [Domain] LPL Financial LLC [Domain] Lender Name [Axis] Lender Name [Axis] Line of Credit Facility, Lender [Domain] Line of Credit Facility, Lender [Domain] Debt Issuance Costs, Line of Credit Arrangements, Gross Debt Issuance Costs, Line of Credit Arrangements, Gross EX-101.PRE 10 lpla-20190930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 11 R29.htm IDEA: XBRL DOCUMENT v3.19.3
Held-to-Maturity Securities (Tables)
 9 Months Ended
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Summary of amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity
The amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity were as follows (in thousands):
 
September 30,
2019
 
December 31,
2018
Amortized cost
$
13,043

 
$
13,001

Gross unrealized gain (loss)
82

 
(56
)
Fair value
$
13,125

 
$
12,945
Maturities of securities held-to-maturity
At September 30, 2019, the securities held-to-maturity were scheduled to mature as follows (in thousands):
 
Within one year
 
After one but within five years
 
After five but within ten years
 
Total
U.S. government notes — at amortized cost
$
5,079

 
$
7,964

 
$
—

 
$
13,043

U.S. government notes — at fair value
$
5,086

 
$
8,039

 
$
—

 
$
13,125
XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.3 html 354 424 1 false 72 0 false 5 false false R1.htm 0001000 - Document - Document and Entity Information Document Sheet http://www.lpl.com/role/DocumentAndEntityInformationDocument Document and Entity Information Document Cover 1 false false R2.htm 1001000 - Statement - Condensed Consolidated Statements of Income (Unaudited) Sheet http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited Condensed Consolidated Statements of Income (Unaudited) Statements 2 false false R3.htm 1003000 - Statement - Condensed Consolidated Statements of Financial Condition (Unaudited) Sheet http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited Condensed Consolidated Statements of Financial Condition (Unaudited) Statements 3 false false R4.htm 1003001 - Statement - Condensed Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) Sheet http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals Condensed Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) Statements 4 false false R5.htm 1004000 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Sheet http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Statements 5 false false R6.htm 1005000 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 1005001 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) cash, cash equivalent and restricted cash reconciliation Sheet http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation Condensed Consolidated Statements of Cash Flows (Unaudited) cash, cash equivalent and restricted cash reconciliation Statements 7 false false R8.htm 2101100 - Disclosure - Organization and Description of the Company Sheet http://www.lpl.com/role/OrganizationAndDescriptionOfCompany Organization and Description of the Company Notes 8 false false R9.htm 2102100 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.lpl.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 2104100 - Disclosure - Revenue Sheet http://www.lpl.com/role/Revenue Revenue Notes 10 false false R11.htm 2107100 - Disclosure - Acquisitions Acquisitions Sheet http://www.lpl.com/role/AcquisitionsAcquisitions Acquisitions Acquisitions Notes 11 false false R12.htm 2108100 - Disclosure - Fair Value Measurements Sheet http://www.lpl.com/role/FairValueMeasurements Fair Value Measurements Notes 12 false false R13.htm 2110100 - Disclosure - Held-to-Maturity Securities Sheet http://www.lpl.com/role/HeldToMaturitySecurities Held-to-Maturity Securities Notes 13 false false R14.htm 2112100 - Disclosure - Goodwill and Other Intangible Assets Sheet http://www.lpl.com/role/GoodwillAndOtherIntangibleAssets Goodwill and Other Intangible Assets Notes 14 false false R15.htm 2113100 - Disclosure - Debt Sheet http://www.lpl.com/role/Debt Debt Notes 15 false false R16.htm 2114100 - Disclosure - Leases Sheet http://www.lpl.com/role/Leases Leases Notes 16 false false R17.htm 2115100 - Disclosure - Commitments and Contingencies Sheet http://www.lpl.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 17 false false R18.htm 2116100 - Disclosure - Stockholders' Equity Sheet http://www.lpl.com/role/StockholdersEquity Stockholders' Equity Notes 18 false false R19.htm 2117100 - Disclosure - Share-Based Compensation Sheet http://www.lpl.com/role/ShareBasedCompensation Share-Based Compensation Notes 19 false false R20.htm 2118100 - Disclosure - Earnings per Share Sheet http://www.lpl.com/role/EarningsPerShare Earnings per Share Notes 20 false false R21.htm 2119100 - Disclosure - Income Taxes Sheet http://www.lpl.com/role/IncomeTaxes Income Taxes Notes 21 false false R22.htm 2120100 - Disclosure - Related Party Transactions Sheet http://www.lpl.com/role/RelatedPartyTransactions Related Party Transactions Notes 22 false false R23.htm 2121100 - Disclosure - Net Capital and Regulatory Requirements Sheet http://www.lpl.com/role/NetCapitalAndRegulatoryRequirements Net Capital and Regulatory Requirements Notes 23 false false R24.htm 2122100 - Disclosure - Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk Sheet http://www.lpl.com/role/FinancialInstrumentsWithOffBalanceSheetCreditRiskAndConcentrationsOfCreditRisk Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk Notes 24 false false R25.htm 2123100 - Disclosure - Subsequent Events Sheet http://www.lpl.com/role/SubsequentEvents Subsequent Events Notes 25 false false R26.htm 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.lpl.com/role/SummaryOfSignificantAccountingPolicies 26 false false R27.htm 2304301 - Disclosure - Revenue (Tables) Sheet http://www.lpl.com/role/RevenueTables Revenue (Tables) Tables http://www.lpl.com/role/Revenue 27 false false R28.htm 2308301 - Disclosure - Fair Value Measurements (Tables) Sheet http://www.lpl.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://www.lpl.com/role/FairValueMeasurements 28 false false R29.htm 2310301 - Disclosure - Held-to-Maturity Securities (Tables) Sheet http://www.lpl.com/role/HeldToMaturitySecuritiesTables Held-to-Maturity Securities (Tables) Tables http://www.lpl.com/role/HeldToMaturitySecurities 29 false false R30.htm 2312301 - Disclosure - Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables) Sheet http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsTables Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables) Tables 30 false false R31.htm 2313301 - Disclosure - Debt (Tables) Sheet http://www.lpl.com/role/DebtTables Debt (Tables) Tables http://www.lpl.com/role/Debt 31 false false R32.htm 2314301 - Disclosure - Leases (Tables) Sheet http://www.lpl.com/role/LeasesTables Leases (Tables) Tables http://www.lpl.com/role/Leases 32 false false R33.htm 2316301 - Disclosure - Stockholders' Equity (Tables) Sheet http://www.lpl.com/role/StockholdersEquityTables Stockholders' Equity (Tables) Tables http://www.lpl.com/role/StockholdersEquity 33 false false R34.htm 2317301 - Disclosure - Share-Based Compensation (Tables) Sheet http://www.lpl.com/role/ShareBasedCompensationTables Share-Based Compensation (Tables) Tables http://www.lpl.com/role/ShareBasedCompensation 34 false false R35.htm 2318301 - Disclosure - Earnings per Share (Tables) Sheet http://www.lpl.com/role/EarningsPerShareTables Earnings per Share (Tables) Tables http://www.lpl.com/role/EarningsPerShare 35 false false R36.htm 2401401 - Disclosure - Organization and Description of the Company Consolidation, Parent Ownership Interest (Details) Sheet http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails Organization and Description of the Company Consolidation, Parent Ownership Interest (Details) Details 36 false false R37.htm 2402402 - Disclosure - Summary of Significant Accounting Policies Reportable Segment (Details) Sheet http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesReportableSegmentDetails Summary of Significant Accounting Policies Reportable Segment (Details) Details 37 false false R38.htm 2402403 - Disclosure - Summary of Significant Accounting Policies Fair Value of Financial Instruments (Details) Sheet http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails Summary of Significant Accounting Policies Fair Value of Financial Instruments (Details) Details 38 false false R39.htm 2404402 - Disclosure - Revenue Commission Revenue Disaggregated by Product Category (Details) Sheet http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails Revenue Commission Revenue Disaggregated by Product Category (Details) Details 39 false false R40.htm 2404403 - Disclosure - Revenue Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service (Details) Sheet http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails Revenue Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service (Details) Details 40 false false R41.htm 2404404 - Disclosure - Revenue Asset-based Revenue disaggregated by Product and Service (Details) Sheet http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails Revenue Asset-based Revenue disaggregated by Product and Service (Details) Details 41 false false R42.htm 2404405 - Disclosure - Revenue Transaction and Fee Revenue Disaggregated by Timing of Transfer of Good or Service (Details) Sheet http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails Revenue Transaction and Fee Revenue Disaggregated by Timing of Transfer of Good or Service (Details) Details 42 false false R43.htm 2404406 - Disclosure - Revenue Unearned Revenue Recognized (Details) Sheet http://www.lpl.com/role/RevenueUnearnedRevenueRecognizedDetails Revenue Unearned Revenue Recognized (Details) Details 43 false false R44.htm 2407402 - Disclosure - Acquisitions (Details) Sheet http://www.lpl.com/role/AcquisitionsDetails Acquisitions (Details) Details http://www.lpl.com/role/AcquisitionsAcquisitions 44 false false R45.htm 2408402 - Disclosure - Fair Value Measurements Financial Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) Sheet http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails Fair Value Measurements Financial Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) Details 45 false false R46.htm 2410402 - Disclosure - Held-to-Maturity Securities (Details) Sheet http://www.lpl.com/role/HeldToMaturitySecuritiesDetails Held-to-Maturity Securities (Details) Details http://www.lpl.com/role/HeldToMaturitySecuritiesTables 46 false false R47.htm 2410403 - Disclosure - Held-to-Maturity Securities (Details 1) Sheet http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1 Held-to-Maturity Securities (Details 1) Details http://www.lpl.com/role/HeldToMaturitySecuritiesTables 47 false false R48.htm 2412402 - Disclosure - Goodwill and Other Intangible Assets Goodwill (Details) Sheet http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillDetails Goodwill and Other Intangible Assets Goodwill (Details) Details http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsTables 48 false false R49.htm 2412403 - Disclosure - Goodwill and Other Intangible Assets Intangible Assets (Components) (Details) Sheet http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails Goodwill and Other Intangible Assets Intangible Assets (Components) (Details) Details 49 false false R50.htm 2412404 - Disclosure - Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details Textures) Sheet http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsDetailsTextures Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details Textures) Details http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsTables 50 false false R51.htm 2412405 - Disclosure - Goodwill and Other Intangible Assets Intangible Assets (Future Amortization Expense) (Details) Sheet http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails Goodwill and Other Intangible Assets Intangible Assets (Future Amortization Expense) (Details) Details 51 false false R52.htm 2413402 - Disclosure - Debt (Credit Agreement Textuals) (Details) Sheet http://www.lpl.com/role/DebtCreditAgreementTextualsDetails Debt (Credit Agreement Textuals) (Details) Details http://www.lpl.com/role/DebtTables 52 false false R53.htm 2413403 - Disclosure - Debt (Credit Agreement Outstanding) (Details) Sheet http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails Debt (Credit Agreement Outstanding) (Details) Details http://www.lpl.com/role/DebtTables 53 false false R54.htm 2413404 - Disclosure - Debt Debt (Bank Loans Payable Textuals) (Details) Sheet http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails Debt Debt (Bank Loans Payable Textuals) (Details) Details 54 false false R55.htm 2413405 - Disclosure - Debt Broker-Dealer Credit Facility (Details) Sheet http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails Debt Broker-Dealer Credit Facility (Details) Details 55 false false R56.htm 2414402 - Disclosure - Leases Narrative (Details) Sheet http://www.lpl.com/role/LeasesNarrativeDetails Leases Narrative (Details) Details 56 false false R57.htm 2414403 - Disclosure - Leases Components of Lease Expense (Details) Sheet http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails Leases Components of Lease Expense (Details) Details 57 false false R58.htm 2414404 - Disclosure - Leases Supplemental Cash Flow Information Related to Leases (Details) Sheet http://www.lpl.com/role/LeasesSupplementalCashFlowInformationRelatedToLeasesDetails Leases Supplemental Cash Flow Information Related to Leases (Details) Details 58 false false R59.htm 2414405 - Disclosure - Leases Supplemental Weighted-Average Information Related to Leases (Details) Sheet http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails Leases Supplemental Weighted-Average Information Related to Leases (Details) Details 59 false false R60.htm 2414406 - Disclosure - Leases Maturities of Lease Liabilities (Details) Sheet http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails Leases Maturities of Lease Liabilities (Details) Details 60 false false R61.htm 2414407 - Disclosure - Leases Maturities of Lease Liabilities at Prior Year End Under ASC Topic 840 (Details) Sheet http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details Leases Maturities of Lease Liabilities at Prior Year End Under ASC Topic 840 (Details) Details 61 false false R62.htm 2415401 - Disclosure - Commitments and Contingencies Commitments and Contingencies (Legal) (Details) Sheet http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails Commitments and Contingencies Commitments and Contingencies (Legal) (Details) Details 62 false false R63.htm 2415402 - Disclosure - Commitments and Contingencies Commitments and Contingencies (Other Commitments) (Details) Sheet http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails Commitments and Contingencies Commitments and Contingencies (Other Commitments) (Details) Details 63 false false R64.htm 2416402 - Disclosure - Stockholders' Equity (Dividends Paid) (Details) Sheet http://www.lpl.com/role/StockholdersEquityDividendsPaidDetails Stockholders' Equity (Dividends Paid) (Details) Details http://www.lpl.com/role/StockholdersEquityTables 64 false false R65.htm 2416403 - Disclosure - Stockholdes' Equity (Share Repurchases) (Details) Sheet http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails Stockholdes' Equity (Share Repurchases) (Details) Details 65 false false R66.htm 2417402 - Disclosure - Share-Based Compensation (Texuals) (Details) Sheet http://www.lpl.com/role/ShareBasedCompensationTexualsDetails Share-Based Compensation (Texuals) (Details) Details http://www.lpl.com/role/ShareBasedCompensationTables 66 false false R67.htm 2417403 - Disclosure - Share-Based Compensation Stock Option and Warrant Assumptions (Details) Sheet http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails Share-Based Compensation Stock Option and Warrant Assumptions (Details) Details 67 false false R68.htm 2417404 - Disclosure - Share-Based Compensation Stock Option and Warrant Activity (Details) Sheet http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails Share-Based Compensation Stock Option and Warrant Activity (Details) Details 68 false false R69.htm 2417405 - Disclosure - Share-Based Compensation Outstanding Stock Options and Warrant Information (Details) Sheet http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails Share-Based Compensation Outstanding Stock Options and Warrant Information (Details) Details 69 false false R70.htm 2417406 - Disclosure - Restricted Stock Activity (Details) Sheet http://www.lpl.com/role/RestrictedStockActivityDetails Restricted Stock Activity (Details) Details 70 false false R71.htm 2418402 - Disclosure - Earnings per Share (Details) Sheet http://www.lpl.com/role/EarningsPerShareDetails Earnings per Share (Details) Details http://www.lpl.com/role/EarningsPerShareTables 71 false false R72.htm 2418403 - Disclosure - Earnings per Share (Textuals) (Details) Sheet http://www.lpl.com/role/EarningsPerShareTextualsDetails Earnings per Share (Textuals) (Details) Details http://www.lpl.com/role/EarningsPerShareTables 72 false false R73.htm 2419401 - Disclosure - Income Taxes (Details) Sheet http://www.lpl.com/role/IncomeTaxesDetails Income Taxes (Details) Details http://www.lpl.com/role/IncomeTaxes 73 false false R74.htm 2420401 - Disclosure - Related Party Transactions (Details) Sheet http://www.lpl.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://www.lpl.com/role/RelatedPartyTransactions 74 false false R75.htm 2421402 - Disclosure - Net Capital and Regulatory Requirements (Details) Sheet http://www.lpl.com/role/NetCapitalAndRegulatoryRequirementsDetails Net Capital and Regulatory Requirements (Details) Details http://www.lpl.com/role/NetCapitalAndRegulatoryRequirements 75 false false R76.htm 2423401 - Disclosure - Subsequent Events Subsequent Events (Details) Sheet http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails Subsequent Events Subsequent Events (Details) Details 76 false false All Reports Book All Reports lpla2019093010-q.htm exhibit31120190930.htm exhibit31220190930.htm exhibit32120190930.htm exhibit32220190930.htm lpla-20190930.xsd lpla-20190930_cal.xml lpla-20190930_def.xml lpla-20190930_lab.xml lpla-20190930_pre.xml http://fasb.org/us-gaap/2019-01-31 http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/srt/2019-01-31 true true XML 13 R21.htm IDEA: XBRL DOCUMENT v3.19.3
Income Taxes
 9 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s effective income tax rate differs from the federal corporate tax rate of 21.0%, primarily as a result of state taxes, settlement contingencies, tax credits and other permanent differences in tax deductibility of certain expenses. These items resulted in effective tax rates of 26.0% and 27.5% for the three months ended September 30, 2019 and 2018, respectively, and 24.9% and 25.8% for the nine months ended September 30, 2019 and 2018, respectively.
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.
XML 14 R25.htm IDEA: XBRL DOCUMENT v3.19.3
Subsequent Events
 9 Months Ended
Sep. 30, 2019
Subsequent Event [Abstract]  
Subsequent Events [Text Block] Subsequent Events
On October 21, 2019, the Board of Directors declared a cash dividend of $0.25 per share on the Company’s outstanding common stock to be paid on November 21, 2019 to all stockholders of record on November 7, 2019.
XML 15 R44.htm IDEA: XBRL DOCUMENT v3.19.3
Acquisitions (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Aug. 01, 2019
Sep. 30, 2019
Sep. 30, 2019
Sep. 30, 2018
Jan. 31, 2020
Business Acquisition [Line Items]          
Business Acquisition, Effective Date of Acquisition Aug. 01, 2019        
Payments to Acquire Businesses, Net of Cash Acquired   $ 25,000 $ 24,884 $ 0  
Forecast [Member]          
Business Acquisition [Line Items]          
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High         $ 10,000
XML 16 R40.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue $ 474,993 $ 486,875 $ 1,415,487 $ 1,449,771
Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 194,342 193,545 588,872 577,308
Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 280,651 293,330 826,615 872,463
Variable Annuities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 202,131 201,075 586,421 597,613
Variable Annuities [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 59,948 57,491 168,234 168,487
Variable Annuities [Member] | Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 142,183 143,584 418,187 429,126
Mutual Funds [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 148,672 155,579 438,714 470,665
Mutual Funds [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 36,358 33,319 109,084 107,910
Mutual Funds [Member] | Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 112,314 122,260 329,630 362,755
Alternative Investments [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 5,467 6,331 17,526 18,602
Alternative Investments [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 2,009 1,822 5,976 5,457
Alternative Investments [Member] | Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 3,458 4,509 11,550 13,145
Fixed Annuities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 41,541 47,117 144,106 127,288
Fixed Annuities [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 34,309 40,040 122,516 107,709
Fixed Annuities [Member] | Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 7,232 7,077 21,590 19,579
Equities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 20,149 19,082 58,213 62,071
Equities [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 20,149 19,082 58,213 62,071
Fixed Income [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 30,917 32,144 91,480 93,368
Fixed Income [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 24,950 25,757 73,749 74,587
Fixed Income [Member] | Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 5,967 6,387 17,731 18,781
Insurance [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 17,004 16,155 52,085 51,993
Insurance [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 15,289 14,433 46,762 46,877
Insurance [Member] | Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 1,715 1,722 5,323 5,116
Group Annuities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 8,761 9,064 26,030 27,576
Group Annuities [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 979 1,273 3,426 3,615
Group Annuities [Member] | Over time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 7,782 7,791 22,604 23,961
Other [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 351 328 912 595
Other [Member] | Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue $ 351 $ 328 $ 912 $ 595
XML 17 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 18 R48.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets Goodwill (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Goodwill [Roll Forward]    
Goodwill, beginning balance $ 1,490,247 $ 1,427,769
Goodwill acquired 12,432 62,478
Goodwill, ending balance $ 1,502,679 $ 1,490,247
XML 19 R63.htm IDEA: XBRL DOCUMENT v3.19.3
Commitments and Contingencies Commitments and Contingencies (Other Commitments) (Details) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Brokers and Dealers [Abstract]    
Collateral Securities Repledged, Delivered, or Used $ 331.8  
Collateral security 464.5  
Amount pledged with client-owned securities 65.5  
Remaining collateral securities that can be re-pledged, loaned, or sold 399.0  
Options Clearing Corporation [Member]    
Security Owned and Pledged as Collateral, Fair Value [Abstract]    
Trading securities pledged to clearing organizations 4.5 $ 4.7
National Securities Clearing Corporation [Member]    
Security Owned and Pledged as Collateral, Fair Value [Abstract]    
Trading securities pledged to clearing organizations $ 14.9  
XML 20 R67.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation Stock Option and Warrant Assumptions (Details) - Stock options and warrants [Member] - Employees, officers, and directors [Member]
 9 Months Ended
Sep. 30, 2019
$ / shares
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]  
Expected life (in years) 5 years 5 months 4 days
Expected stock price volatility 35.80%
Expected dividend yield 1.49%
Risk-free interest rate 2.47%
Fair value of options $ 24.41
XML 21 R1.htm IDEA: XBRL DOCUMENT v3.19.3
Document and Entity Information Document - shares
 9 Months Ended
Sep. 30, 2019
Oct. 23, 2019
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Transition Report false  
Document Period End Date Sep. 30, 2019  
Entity File Number 001-34963  
Entity Registrant Name LPL Financial Holdings Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 20-3717839  
Entity Address, Address Line One 75 State Street,  
Entity Address, City or Town Boston,  
Entity Address, State or Province MA  
Entity Address, Postal Zip Code 02109  
City Area Code (617)  
Local Phone Number 423-3644  
Title of 12(b) Security Common Stock - par value $0.001 per share  
Trading Symbol LPLA  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   80,831,085
Entity Central Index Key 0001397911  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2019  
Document Fiscal Period Focus Q3  
Amendment Flag false  
XML 22 R59.htm IDEA: XBRL DOCUMENT v3.19.3
Leases Supplemental Weighted-Average Information Related to Leases (Details)
Sep. 30, 2019
Weighed Average Remaining Lease Term [Abstract]  
Finance Lease, Weighted Average Remaining Lease Term 26 years 8 months 12 days
Operating Lease, Weighted Average Remaining Lease Term 9 years 4 months 24 days
Weighted-average discount rate [Abstract]  
Finance Lease, Weighted Average Discount Rate, Percent 7.80%
Operating Lease, Weighted Average Discount Rate, Percent 7.27%
XML 23 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
BEGINNING BALANCE at Dec. 31, 2017 $ 965,008 $ 123 $ 1,556,117 $ (1,309,568) $ 0 $ 718,336
BEGINNING BALANCE, shares at Dec. 31, 2017   123,030,000   33,262,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income and other comprehensive income (loss), net of tax expense 319,161       0 319,161
Issuance of common stock to settle restricted stock units, net (4,536) $ 0 0 $ (4,536)    
Issuance of common stock to settle restricted stock units, net, shares   356,000   70,000    
Treasury stock purchases (300,091)     $ (300,091)    
Treasury stock purchases, shares       4,608,000    
Cash dividends on common stock (66,847)         (66,847)
Stock option exercises and other 43,248 $ 1 41,379 $ 1,348   520
Stock option exercises and other (in shares)   1,225,000   (38,000)    
Share-based compensation 23,524   23,524      
ENDING BALANCE at Sep. 30, 2018 979,467 $ 124 1,621,020 $ (1,612,847) 0 971,170
ENDING BALANCE, shares at Sep. 30, 2018   124,611,000   37,902,000    
BEGINNING BALANCE at Jun. 30, 2018 1,006,696 $ 124 1,610,567 $ (1,490,020) 0 886,025
BEGINNING BALANCE, shares at Jun. 30, 2018   124,461,000   36,053,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income and other comprehensive income (loss), net of tax expense 106,865       0 106,865
Issuance of common stock to settle restricted stock units, net (741) $ 0 0 $ (741)    
Issuance of common stock to settle restricted stock units, net, shares   47,000   12,000    
Treasury stock purchases (122,483)     $ (122,483)    
Treasury stock purchases, shares       1,849,000    
Cash dividends on common stock (21,941)         (21,941)
Stock option exercises and other 3,778 $ 0 3,160 $ 397   221
Stock option exercises and other (in shares)   103,000   (12,000)    
Share-based compensation 7,293   7,293      
ENDING BALANCE at Sep. 30, 2018 979,467 $ 124 1,621,020 $ (1,612,847) 0 971,170
ENDING BALANCE, shares at Sep. 30, 2018   124,611,000   37,902,000    
BEGINNING BALANCE at Dec. 31, 2018 974,073 $ 125 1,634,337 $ (1,730,535) 0 1,070,146
BEGINNING BALANCE, shares at Dec. 31, 2018   124,910,000   39,821,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income and other comprehensive income (loss), net of tax expense 433,204       0 433,204
Cumulative effect of accounting change 5,724         5,724
Issuance of common stock to settle restricted stock units, net (5,366) $ 0 0 $ (5,366)    
Issuance of common stock to settle restricted stock units, net, shares   238,000   70,000    
Treasury stock purchases $ (380,341)     $ (380,341)    
Treasury stock purchases, shares 5,007,371     5,007,000    
Cash dividends on common stock $ (62,391)         (62,391)
Stock option exercises and other $ 30,060 $ 1 27,697 $ 1,428   934
Stock option exercises and other (in shares) 918,939 1,039,000   (40,000)    
Share-based compensation $ 24,987   24,987      
ENDING BALANCE at Sep. 30, 2019 1,019,950 $ 126 1,687,021 $ (2,114,814) 0 1,447,617
ENDING BALANCE, shares at Sep. 30, 2019   126,187,000   44,858,000    
BEGINNING BALANCE at Jun. 30, 2019 1,025,117 $ 126 1,673,155 $ (1,984,223) 0 1,336,059
BEGINNING BALANCE, shares at Jun. 30, 2019   125,971,000   43,193,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income and other comprehensive income (loss), net of tax expense 131,714       0 131,714
Issuance of common stock to settle restricted stock units, net (759) $ 0 0 $ (759)    
Issuance of common stock to settle restricted stock units, net, shares   26,000   10,000    
Treasury stock purchases $ (130,274)     $ (130,274)    
Treasury stock purchases, shares 1,668,305     1,668,000    
Cash dividends on common stock $ (20,485)         (20,485)
Stock option exercises and other 6,713 $ 0 5,942 $ 442   329
Stock option exercises and other (in shares)   190,000   (13,000)    
Share-based compensation 7,924   7,924      
ENDING BALANCE at Sep. 30, 2019 $ 1,019,950 $ 126 $ 1,687,021 $ (2,114,814) $ 0 $ 1,447,617
ENDING BALANCE, shares at Sep. 30, 2019   126,187,000   44,858,000    
XML 24 R51.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets Intangible Assets (Future Amortization Expense) (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Future amortization expense    
2019 - Remainder $ 16,631  
2020 66,139  
2021 65,982  
2022 65,182  
2023 61,086  
Thereafter 141,630  
Net Carrying Value $ 416,650 $ 444,352
XML 25 R9.htm IDEA: XBRL DOCUMENT v3.19.3
Summary of Significant Accounting Policies
 9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the Company to make estimates and assumptions regarding the valuation of certain financial instruments, intangible assets, allowance for doubtful accounts, share-based compensation, accruals for liabilities, income taxes, revenue and expense accruals, and other matters that affect the consolidated financial statements and related disclosures. The unaudited condensed consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present fairly the results for the interim periods presented. Actual results could differ from those estimates under different assumptions or conditions and the differences may be material to the consolidated financial statements.
The unaudited condensed consolidated financial statements do not include all information and notes necessary for a complete presentation of results of income, comprehensive income, financial position, and cash flows in conformity with GAAP. Accordingly, these financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the related notes for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K as filed with the SEC.
For the Company’s significant accounting policies affecting leases, see Note 9. Leases. A summary of other significant accounting policies are included in Note 2. Summary of Significant Accounting Policies, in the Company’s audited consolidated financial statements and the related notes for the year ended December 31, 2018. There have been no other significant changes to these accounting policies during the first nine months of 2019.
Consolidation
These unaudited condensed consolidated financial statements include the accounts of LPLFH and its subsidiaries. Intercompany transactions and balances have been eliminated.
Reportable Segment
Management has determined that the Company operates in one segment, given the similarities in economic characteristics between its operations and the common nature of its products and services, production and distribution process, and regulatory environment.
Fair Value of Financial Instruments
The Company’s financial assets and liabilities are carried at fair value or at amounts that, because of their short-term nature, approximate current fair value, with the exception of its held-to-maturity securities and indebtedness, which are carried at amortized cost. The Company measures the implied fair value of its debt instruments using trading levels obtained from a third-party service provider. Accordingly, the debt instruments qualify as Level 2 fair value measurements. See Note 5. Fair Value Measurements, for additional information. As of September 30, 2019, the carrying amount and fair value of the Company’s indebtedness was approximately $2,370.0 million and $2,417.1 million, respectively. As of December 31, 2018, the carrying amount and fair value was approximately $2,381.3 million and $2,271.9 million, respectively.
Recently Issued Accounting Pronouncements
In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 also requires additional disclosures regarding significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.
In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 removes or modifies certain current disclosures, and requires additional disclosures. The changes are meant to provide more relevant information regarding valuation techniques and inputs used to arrive at measures of fair value, uncertainty in the fair value measurements, and how changes in fair value measurements impact an entity’s performance and cash flows. Certain disclosures in ASU 2018-13 will need to be applied on a retrospective basis and others on a prospective basis. Early adoption is permitted. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s related disclosures.
In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which aligns the accounting for costs to implement a cloud computing arrangement that is a service with the guidance on capitalizing costs for developing or obtaining internal-use software. The Company expects to apply the prospective approach upon adoption of the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.
Recently Adopted Accounting Pronouncements
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. The new standard also requires disclosures that provide additional information on recorded lease arrangements. In July 2018, the FASB issued ASU 2018-11, Leases – Targeted Improvements, which provides an optional transition method that allows entities to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted the provisions of this guidance, including the optional transition method, on January 1, 2019. Operating lease assets and corresponding lease liabilities were recognized on the Company’s unaudited condensed consolidated statements of financial condition. There was no material impact to its consolidated statements of income. Refer to Note 9. Leases, for additional disclosure and significant accounting policies affecting leases.
In June 2018, the FASB issued ASU 2018-07, Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payments granted to non-employees. Consistent with the requirement for employee share-based payment awards, non-employee share-based payment awards within the scope of Topic 718 will be measured at grant-date fair value of the equity instruments. The Company adopted the provisions of this guidance on January 1, 2019 and will no longer mark-to-market advisor and financial institution equity awards in the consolidated statements of income.
XML 26 R55.htm IDEA: XBRL DOCUMENT v3.19.3
Debt Broker-Dealer Credit Facility (Details) - LPL Financial LLC [Domain] - Revolving Credit Facility [Member] - USD ($)
$ in Thousands
Sep. 30, 2019
Jul. 31, 2019
Line of Credit Facility [Line Items]    
Line of credit, maximum borrowing capacity $ 300,000  
Debt Issuance Costs, Line of Credit Arrangements, Gross   $ 1,500
Line of credit, amount outstanding $ 0  
XML 27 R76.htm IDEA: XBRL DOCUMENT v3.19.3
Subsequent Events Subsequent Events (Details) - Subsequent Event [Member] - $ / shares
Nov. 21, 2019
Nov. 07, 2019
Oct. 21, 2019
Subsequent Event [Line Items]      
Dividends Payable, Date Declared     Oct. 21, 2019
Dividends Payable, Amount Per Share     $ 0.25
Dividends Payable, Date to be Paid Nov. 21, 2019    
Dividends Payable, Date of Record   Nov. 07, 2019  
XML 28 R72.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings per Share (Textuals) (Details) - shares
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Earnings Per Share [Abstract]        
Antidilutive securities excluded from computation of Earnings per Share amount 422,680 439,156 596,354 377,583
XML 29 R13.htm IDEA: XBRL DOCUMENT v3.19.3
Held-to-Maturity Securities
 9 Months Ended
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Held-to-Maturity Securities Held-to-Maturity Securities
The Company holds certain investments in securities, primarily U.S. government notes, which are recorded at amortized cost because the Company has both the intent and the ability to hold these investments to maturity. Interest income is accrued as earned. Premiums and discounts are amortized using a method that approximates the effective yield method over the term of the security and are recorded as an adjustment to the investment yield.
The amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity were as follows (in thousands):
 
September 30,
2019
 
December 31,
2018
Amortized cost
$
13,043

 
$
13,001

Gross unrealized gain (loss)
82

 
(56
)
Fair value
$
13,125

 
$
12,945


At September 30, 2019, the securities held-to-maturity were scheduled to mature as follows (in thousands):
 
Within one year
 
After one but within five years
 
After five but within ten years
 
Total
U.S. government notes — at amortized cost
$
5,079

 
$
7,964

 
$
—

 
$
13,043

U.S. government notes — at fair value
$
5,086

 
$
8,039

 
$
—

 
$
13,125
XML 30 R17.htm IDEA: XBRL DOCUMENT v3.19.3
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Service and Development Contracts 
The Company is party to certain long-term contracts for systems and services that enable back office trade processing and clearing for its product and service offerings.
Guarantees 
The Company occasionally enters into contracts that contingently require it to indemnify certain parties against third-party claims. The terms of these obligations vary and, because a maximum obligation is not explicitly stated, the Company has determined that it is not possible to make an estimate of the amount that it could be obligated to pay under such contracts.
LPL Financial provides guarantees to securities clearing houses and exchanges under their standard membership agreements, which require a member to guarantee the performance of other members. Under these agreements, if a member becomes unable to satisfy its obligations to the clearing houses and exchanges, all other members would be required to meet any shortfall. The Company’s liability under these arrangements is not quantifiable and could exceed the cash and securities it has posted as collateral. However, the potential requirement for the Company to make payments under these agreements is remote. Accordingly, no liability has been recognized for these transactions.
Loan Commitments 
From time to time, LPL Financial makes loans to its advisors, primarily to newly recruited advisors to assist in the transition process, which may be forgivable. Due to timing differences, LPL Financial may make commitments to issue such loans prior to actually funding them. These commitments are generally contingent upon certain events occurring, including but not limited to the advisor joining LPL Financial. LPL Financial had no significant unfunded commitments at September 30, 2019.
Legal & Regulatory Matters
The Company is subject to extensive regulation and supervision by U.S. federal and state agencies and various self-regulatory organizations. The Company and its advisors periodically engage with such agencies and organizations, in the context of examinations or otherwise, to respond to inquiries, informational requests, and investigations. From time to time, such engagements result in regulatory complaints or other matters, the resolution of which has in the past and may in the future include fines, customer restitution and other remediation. Assessing the probability of a loss occurring and the timing and amount of any loss related to a legal proceeding or regulatory matter is inherently difficult. While the Company exercises significant and complex judgments to make certain estimates presented in its consolidated financial statements, there are particular uncertainties and complexities involved when assessing the potential outcomes of legal proceedings and regulatory matters. The Company’s assessment process considers a variety of factors and assumptions, which may include: the procedural status of the matter and any recent developments; prior experience and the experience of others in similar matters; the size and nature of potential exposures; available defenses; the progress of fact discovery; the opinions of counsel and experts; potential opportunities for settlement and the status of any settlement discussions; as well as the potential for insurance coverage and indemnification, if available. The Company monitors these factors and assumptions for new developments and re-assesses the likelihood that a loss will occur and the estimated range or amount of loss,
if those amounts can be reasonably determined. The Company has established an accrual for those legal proceedings and regulatory matters for which a loss is both probable and the amount can be reasonably estimated.
On May 1, 2018 the Company agreed to a settlement structure with the North American Securities Administrators Association (NASAA) related to the Company’s historical compliance with certain state “blue sky” laws, which resulted in aggregate fines of approximately $26.4 million. As part of the settlement structure, the Company engaged independent third party consultants to conduct a historical review of securities transactions and an operational review of the Company’s systems for complying with blue sky securities registration requirements. The Company also agreed to offer customers remediation in the form of reimbursement for any actual losses, plus interest. The Company believes the Captive Insurance Subsidiary has adequate loss reserves to cover the aggregate fines and the costs of remediation. As of the date of this Quarterly Report on Form 10-Q the historical review of transactions has been completed; however, the costs of potential customer remediation are still being calculated and cannot be estimated at this time. The actual costs of reimbursing customers for losses could exceed the Company’s reserves.
On April 22, 2019, a putative class action lawsuit filed against the Company and certain of its executive officers in federal district court was dismissed with prejudice.
Third-Party Insurance
The Company maintains third-party insurance coverage for certain potential legal proceedings, including those involving certain client claims. With respect to such client claims, the estimated losses on many of the pending matters are less than the applicable deductibles of the insurance policies.
Self-Insurance
The Company has self-insurance for certain potential liabilities through the Captive Insurance Subsidiary. Liabilities associated with the risks that are retained by the Company are not discounted and are estimated by considering, in part, historical claims experience, severity factors, and other actuarial assumptions. The estimated accruals for these potential liabilities could be significantly affected if future occurrences and claims differ from such assumptions and historical trends, so there are particular complexities and uncertainties involved when assessing the adequacy of loss reserves for potential liabilities that are self-insured. As of September 30, 2019, these self-insurance liabilities are included in accounts payable and accrued liabilities in the unaudited condensed consolidated statements of financial condition. Self-insurance related charges are included in other expenses in the unaudited condensed consolidated statements of income for the three and nine months ended September 30, 2019.
Other Commitments
As of September 30, 2019, the Company had approximately $331.8 million of client margin loans that were collateralized with securities having a fair value of approximately $464.5 million that it can repledge, loan, or sell. Of these securities, approximately $65.5 million were client-owned securities pledged to the Options Clearing Corporation as collateral to secure client obligations related to options positions. As of September 30, 2019, there were no restrictions that materially limited the Company’s ability to repledge, loan, or sell the remaining $399.0 million of client collateral.
Trading securities on the unaudited condensed consolidated statements of financial condition includes $4.5 million and $4.7 million pledged to the Options Clearing Corporation at September 30, 2019 and December 31, 2018, respectively, and $14.9 million pledged to the National Securities Clearing Corporation at both September 30, 2019 and December 31, 2018.
EXCEL 31 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

QU M[>F/=;TD""/4J'KLZ:5XT$]_!J'TNE[M'A!I%?=)\3*>2X5RH\H;QH>7[7*C M^I+2GL^IROFEBG^D4)SS=;WG$EI[>LPNO_49=9A+C#M2W?U4,1K-P8#$WDK[ MZ=Q]-Y=4Q\PFM0B*7\*W+?3;[(;@7&6VI<8,_#8M3=O'*F$JY7^Q&;P5NB*- M,Z3%#4NPE/ZDH(BB?2M0'$:GCPHVHO&#XH:.?5(1UFNGVSIW443'%3G:@4B&D9A% MM/GI@5L*<'U^=@NB=[BTH@Y(@=3]AD7M4^,78M34MBY"$K)^$\XH([G$:MOM M(_2I<8TK$^K% 9T/IH6A*V?99-L.-1]1D;RZ,KY?Z0!N-?>;L$B^?GR2B(4: M!0@?PQ^\SUB4&W$,2 _6.KM(>NRNM=MBMV=[FO#*8*V8,SQ>N23 MT=<4@<([,*#92>B27#&2@%E D.!X)$3[#:4TWA>GG/]AN0&4& ,'0"1$H169 MG44SUHEJJCV8SL=5[^TDA%N%!P\0#+.6]FOF M9]M80B%];C_Y(7KS+2J:LIT3]=>J[M$YR8M_LC@[TC5TD<#XK@&Y9QXP]X/U MF&>:J2>VCGKH0@29+^5@G)J40A^S< 8\V[X8O/CJ5!?SL\M:ZH*8>H6:MG[9 M8L8LDXP%H"E"1;_#SB:VW7NZ.Z:5PEY9+T--A(*8]F>ONH6#EPMPAL6@6O%/S"P MP0IP4,TG1ZL!J.7)WDWSQ"<0O6]:88_KR6=*O.BYV4']4MU^1$Q13_SU';H! M+C'IKQ??,/[4J;B&J!HA1AJB#?BO]'+O0, $ GZ\>J;4G=65994;>6F6P?$@ MW %2M=2C;E(+M8ANV_(_)%/\%^Q.PB:0:L^T\@7U=@_CD#Z%?D UX]+9E%*J MX=,\\Z>@,[W?DVL7FXJV7IC,_&D6>6&:^FDV]Y)X1DGG21;XTVGJG:U)4I74 M4[7IUDO]9)IY4S^&UX69GT93#XC0-(B\M^47O!1Z64GHITGH427BC#O(!S X MXDI.5.(6AT6!'R9S+YS[P2S"_O,1+'4:P2Y"F5(\_ "1.4P4PU:3A#+%9X$W MCZDPG>E% VL*@L0#81%VYJ4PSPS^$_KS>>S]V-3[K;5"V/$T].#%T\2+IGX0 M!QZL+LVFTC$C3D-XW0S>!0N;IU)T>0!-L(QD0J_ LGM3?T8G "L$Q2J99?PY MF?M9%OY.1&?[YV=NN8GD"3GQBI/L46M#45"I1[_S4F#09"N$DGPYC421]0'0 M]B_*?\_MN+;6/'A3TKD_3[".6)KYR9PJ"4P!Y>)$/N%I.?@M ;0+L$+B+ +,\>> 48 (:=:[(W'BQS P"?P@">!N1'X: M3FGV#+Y^_AV)$JKF':5^!F_+8C^#QP U4]B6=4=2N((P74)50I,I7(,(_S/+ MLMX=F6>XCRC#"H]8-"(&4I(>O!\VWI@+$LYAJTE$GV(@#$RB9O!.JN.090"( M&:(SX]C@X84)W/U93)^P0&Q"%4YG\%U&52?G?@@K=,E<&,'!)03::!K X#DA275. M!K" Z2:L%6A4AN03Z,\LM,\%*'"*_Q+6Q!&65\)GS*(B#K\3^?Z_0#O\P(LX%M M)U18/P8VAF4*K[>E.0OH!>3H&4XXG/@6@&,9U\ M!'1+DXU16"%BPK-4= >+7<\30DSD07%&"!H ;3RF6&5WK_9;+(5_ZVQ;MWU2 M(Z49GK-FF F4O4M,PJ6XE]SZEFT.E<0=:IONBA1-!-"1RZHU5$>75#2-Z%VU M(J-6JT6]1NKGN2QS>X6@\6/ (-JLBX$J&V,!"&.JU]NAD!2C#-KV%ENIM359 M=J>HEN_D*#GJ!AZNOCL8*_.[%S;2R:M[@SGH(]3!'_Q?Q?S.>$'4U,@N)@3( M#G>-Q)9^'5G]H]7EBYO(J1$2T_(**4/QJ'(>1$:!FZC&J?_B=ZX@ RP ;FYO M'']]T2OAKD0&? M@ -J<5.0P^VWPE<9<"P6+04OHI@K^F.18.N=$8@:4U B+8[5=A $.P#,233# M,FHBL%CGA2)UD#GM2JW#:^OUTJ>4+O2'/&(RC>I"\VH V, +YR.( 3^,@ASX MM/VY![H#J\!Y[>UN8*COW3;8,1AKW$I^/:8">B<8 M+O72'XAWM!-M.V&J0Z+''_BZP=:*-@EQI0V'Y)PYRZ*JGB BQ_(A"%&I'UTG MJ.;>"6AH+^U&0_1D2*T.@>O/D[0+#3FOLI=%^108SP;E)M_.41X'3[NX*Y;[ M-7MP-ASD?0!DO[*/!6/.*?_@C++,\4_$<_' K- <0U6$Y7?ZPAJ Y=GX=\9Z MHE.W*)Q3'+@D.B@L[T4KH^8$ZC$RLLR?3Q/W1O!!/3FE<[5@.BK:#UIW/.]. M!X?6!7D_PL8*P%',YZA!Q]Q(J]G%KF $N1@(BGS7# &+C M%&D FC6(WTHG]25\7AU4AB'Z,_B\",]&C*BI%B=))WKTNV\\0Z;GIE^7%;[ M,R8HYRI,F_5$D DYM@ =PWP'6"WF$F#.V#=8H*K<%:>8A[[L;^65=_:D4Y'B MT%! N"NWK3>=$,-)0Q#V41 _B5,THD;4<".:S^ 8 FT$;-FZU9L"C9L)7:^3 M,)V17?:EEZ7^-)HI*YK["+:H3B(RZI^$V+@(.X(!TF$EY<\8)EFOZ]M';&*$ MEG!LMW42^L@;7Z))/ ;$^DP%+ZH("ISO()@*'< MD23D9H.]IQ$0AXCWGH0H)P;4(O@IH--B4%!47AA9FA?/_9GN*#KT\B2=^LG4 ME#A^)IH.B-#_1V)I1JV);2PE[R'WAXNQEQJH/(>Q%*SQGS:2QHC+@J0!(FD2/ =) MHQB0%(%PDF1S%4&CE@ M&C?J _X4E$,,#D5W01BCB1I4IVGJST$JC9""P>>0/\=H44:DIR JKA@4)B&Y MV/AT-*WK.0=0(QH37NQ.4C=UTY!)HGU!+SM7F#$D3.,#Q]01:1]USFZE*U%;W"X*$CQE$A;ZV2717W]?J>0@,X MO^1MON#H4R-[OKM\_?'J?X'P>;,U@NMW3P^8?Q^%W]-!7Q=52=Z8!5E>:'?O MZKSR7I,I'R2Q+ !E)I"9(B!Z.%6"?1&_PY]!=8_2_L]9;+TF4:_YN6KE11]( MUH97H&5^'O [V)U*X*)&C-\=^N7[,,6YE4\:8Z0X=](Z?DJ2HPDH4XU6^FF] M!VKVI#'WS,\2I,8GH>(( M PSM!;Y^"A(M2;>XJ-"?!;.CG"D?:O)C$L^E4MV"+%2S#;^TZ[/BEU5.86CD M\<#\^6'(T\60<$*\"P]8"VV;DAD&PR#&(O#*RU&MZ65KX-,:F>\,71KHI6/V5C^&8.QWDO'E=4X41: M[8&F&H5S21(LK#&O7*$,(X][L?!D @,IFEJ4@(86&\I55P,!OI$?S%,/W8]* M.%CUWDM31>F<['=9%ATZD>O]5F67K-EJ^Q:U4S=M2O>8XDC:OLILS:$3D@[/ M<;"+#!S?4:=#ZZ6*210J+(G@=@$)Q&4KLHVD M^,&!9YP#P2?XM,2K>-0#R>SH,^MUC_GZHU-3>4=-U3G!07;_ZWCO*SX&XBTG MK..\FRB91YGUW"-2N;9 ) MEFWY/K4F?3<(87>&_H4>+84P63.$;#/JT95BX''-L7YQ$1!Q% MBJ!-Z\AUC+I%I@V7 F8)2"C O($]U^<2ZH>!.2#CA!G']BFIF.)AY]SD*B[,?L]<7,_I[/K<4WE4/='].%3HB\@#4S^)'6*Q VP*0.>EHX;/&:LH M(7[&B#LZWABUZ1D?+'P?H;G''&F$'8U"Y3/F.)IX'H)4%QTE:IT)5.2:HWW1S!I-:\WWI$:AGFF,7? #*IJOB#V"O(<*"%G G\4ANRFA@R M?M*B]:]'#GM+Q95DC8#>5,CQ!;9^"JV_T*!YC<5\E@-#@\G,&1K#%2J;X9&I M\XJ>+=UR0/#NFT*Y+U7THG8R# G-IJL/HZH)+="N"28H5%R9FC(4R]%7N=K] MD6?$0.ZUP_ZDO; ]P^!K55-2TTSHB8W:K;?5Z8/ M^AH= I8;()TDL?F5WTXZ/+:C@M63*2M.6=[5XW29VL<2R\N$V+_Q.^I=<+I" M+;ETC&71) &IV':A4QXS;Q$#0"9)S^QL$RT+)#9.'"1:SXQ_>O(=(DN1*^,Y M9N-7?:JE+XJGB-7%EZ)9E*VB6CUB9APXYU95=[("GOR%S_%,VUC0H@: B0$;B9\$Z!Q* MHDDZ _25*+@9Y83(8NC$#\R#X?9(ZBET.I[ +I/)C'*08'ITZ=CSJ JVJA # M]:\_./D<754QI6@ .XYPD2&'ZOEQ>H@]V^;Q45)H*]'/Q'RGNNH-O.VX-Q[0 M*5\Y1V>#[8KZ5<%3+G*WW^(^/'^*%^%\,DM!/WN!C#KPIEGB!X3%(#_% 9NK MNU_2V! ?BNFA#'O_4M?;.)R@YCJ)T]Z7-)8>2NBA))OZTVQ&2LYD"I-,XHAR M?Q**A,4O9SR6'IK20S%Z+M,9>>4F68)]ES26'LKXH>G43R@U!'Y(09F> MQ*#NABD@7:J_I+'T$,@;N+P@H<1-=9WG$XSRA:]2_=7(K>M=H@.(W6L?*\G. M7']AL+7L<<3]";)NQ\YPO]KQ=5@OU]W8)5]^>(D^NG2YFZCS;<[Z@:ZJY/SX M3.9Q9=[,6MD9+YC_^)D@-7X;U&4@VGWZ!KF#E;KPM<\=QT$P)8FX!&@F4V^. M@>/4(CJ-;&XR%Y/W# @EH-2,8^A:%X MQT%\L#A-/_+S))Y3VA:.G@:39(;5%>YY[@.$?.9'<[.V68"W+Q:#!5RF>6CD MH2/8@CM;]O^W=R:]C=Q* #XGOT*' /$ ;<62]QP"R!LR@;Q ,X,G'5L#"[)SA-9RRG9+8M]?XS>US?9(LNPO>E7S&OH'(_]4&\G9-YVKZFGX=42I.$7G.KQ);=F* MA>Z"L:,ZIEH/YCUE:&JU-PAYUY/VX#[X@%QGH'5C[=#59KV\UFA!>Y% 3[\? MUI/.[XO95+>RFLU$I36 LS/T;;'50L'#58=-Q-QC91;-*\(P.D*&*Y=C_6//1QAX*H!481L^=*/#AZ2/, ?A/>(@B%K4+C?IS#W" M(B[HO5G,I(\"(D'ZPB 2TN4Q7O32KUNU. R O*CVYGVC&@0N5LX')TM?1+J- M&DYYN<1EI,O ]L?LW*74Z7Q373R["!F"TJ61!E!V*2("TKF38=DPV]IXW3IU MNL1T"LC.E$V:SE&:4K+SC0A(YUZ=J++S=-,51HZ,)-X%AU]I/C?IK#KFQN:F MI.87)IV(EAG+5>T3W/8F*#6 M&P4(1$&Q7%K4!QD8]%,Y]O(:JGV+;-,:7XGXB/*%_9S#=7>2DI;A;?- M+*GJ[03+2I8Q+JTUO@.1+=6_FYQ3;;'+7.2&B:)6FAM/[2 LVS%8>$[&/H5N M%,8/DDT??(#I%,]LJVE5DA]!31L4'3^-Q!8[I^4ZO?RV:Z#&&D)E"TD)^,K6 MDK6H]9?E8O/T)3!;6C9#^VIC*;NK,I6:5]UFZ)?FLT"O7[E.%K/_/%JH_ZIM M*;AVT%%F/X.72)^>Y_CI$;E"%L,BRRIM#'9*4$0S# $G1&.^:W/C9= &0XTV M(-+YB:4:PDM//7BN_'?LY"+P=.R MM(\!0AN.9ZTF?'TNWK=(,K('&R^[0'E@?S20!^]?$3U0?JCQ!J"G@*]!_;NA M1U. ],( DIA; 0'W$3TP ;'U'X[YH8W((]4HBA?#(=D;:P\I<. A$W.OVS\F M[CK#$@#JVFG(/(%;>$4$MZ[F]81-U6(^75@RRN-X_G?G_B_@>EL"R)Z&C;R3 MKYHLZ4(K"._E%AL Q@]4PT[-2U>HLP7NB;@ZXE'EWI6**>V 4]J."J=27&_4 M^J8#WHQ:Q.F:*T853G,S6RS(N&1=M'97_/^+-E8I8(6-*S"P4^JY6;B*0:I< M;2"NMG\C9.C#G0HD',? M-28.N;ZBI\[P2#DJ<-8D(/5O]=.M,B1?-F3B^XX9CM^X#'M<.VU9"MH?OUN% M^:SXJAYP5166;N3'WV;U)GV1@371M4CMV>*T)GE91L0H=QDY+_5ROD$286G7 MB"*+6J(2@8I%= 0L+/)'M!9GK+ZZ+D;7%S!3PB2V@O<:?6 \-92$KI'H0:&7 M))TZ@R_W9FX ""8*=%XBBX#LAW,2F8A<-4]OYH##,T_BSIY?J#A7>F=^O)B^ M&QH47F]656* R'9KBD-.#/]!G+67J5G[L'M,A\AA]_Q,G"+RS2;=^L9_=/^J M',^4$NM-5FG]AR%V(Q]>=CY?+<#2_Y^V^9-S0^Y0_6,S-3.<8:<[4R [LQ!_KZR.& K2*G& <\K:WM'X(!P#W M+DI[H;9O:PB'MA@@.>.^L*&W3H3LKK7* >-WME;[$1Q:BQG>I.529.(@Y4AD_OU%8F: :@4OV'H7$C@(UQB'HJGU8U%0^[RL_917BQ7>*YNDX M;9"XOTRE" >*'1JV;GJ2-NUEO[8*.JGPI8J*(^/+G0N>^>.L/GN<58-=M^"<'F-TS:O&D-9 KO'_*'#KHKI)B7#6?DU)TM#JD MC)\UJ@ QUDJM\\-X0;7A'9NOXF0P;C:+",O4[W@-VT*UTP1*!%Q#*>.;HK]R M9[FK12_&7@CTMXR4=RP#S*+#IF;:K,LE%PE1$EC\U[UA M^32>O;!5&D-KN?(5./Y07D@^VI>>4&VN[$_ MOO)"FM6)Y=,%F!S@NJ1^]8L+1E8=[)-A*:0V/?/@=<_>+D@[(IR2<%-Q2O+C MI8G!UO4L/ ]N500&66%L3Z@I/[]QR#O$>[)P,5FS2+$FJG_D$6SBF&VL6SO& M_'@AQ:GQV41[*(9KX_7#;4=0F"!$E7@QH>I37F0$(3O:#S?K+8JE/NDR;Q;*?H.Q_W7DY"TH0&7Q5JM+'78!N MT)"/>K;7EGJF^IAEGEEDRO1Y64[6BV7%L>^#S"02)QE! 8:0!YYH4I ,F D6 MJD$3$DJ"@5*0LP+SFE;OP.\(V U!,RT0"DSJSO^0S=0ZCA@]LIXC4JX8S+,W M^O!I)5_YN"+TO0+XPHA#S]3P/J#8_K3@+&]P!]W0,:5VM);NH-M8 [.HG)/'W0K)U(V2%IT+ M[VIXP7L(UI,7CNB4_M # ].?>JA3L])?&P5D%AU3Z[9)BT"!C@3A./Q1QAY3F7F0C M',1/#9MD'-'+DRPOVBV#%V-B5MJQ0?M=61XI5EZI_!(LJ]MJ'MF^,<5/$ M1AN14;K9X-7,!M6"R.;=':D";OOL*M2SKPJ1L_^I=V;!G9I@FAI6)'F592I9 M[4=Q9^$:W)1I0F*]7A4W?&/[P,?!,$ZRZYC11T]F*^?ITX7Z)JD>DV(,+<:;DXS'0O^:1JU]7'\%O.@N"FGYLY)Y;!9 M+[09IM.MQV_\P4>/<^D-M)Q4\A,N>?^T>\S\]:A[SOR5/?)Q3B,/XZ5:0A!T M*7+E+YVGB[*BY^2Z+=1^/&.#5NC"M'B66N32L.CT4'52'QI?7]PRE<+94Y4?6CQ(A#ZJZXM_4OE0+GV*SY&CNP/%E]]-!.Y4M0_'ISR M/]Y/UG)*6IBL=[FLVW%A>%GNE2XI9P&5Q8BS-W_B)9U4 K7B/I;LM:?36WX9 M' +,\.=8>:=4W"^KU?JW?P%02P,$% @ -8A=3WS&SD%5 @ 7 P T M !X;"]S='EL97,N>&ULU9=;:]LP%,>_BE#&:&'4=K*D[6H;MD)AL(Y"\["W MHMBR+=#%D^7,Z:>?+KXD'NG6K!O-2WQTCL[O_&6=1$I8J0W%]P7&"C2,\BJ" MA5+E!\^KD@(S5)V)$G,=R81D2.FAS+VJE!BEE4EBU)OZ_L)CB' 8A[QF-TQ5 M(!$U5Q&<]R[@\J]%BB/XRW4U1O@GI-WDXG_<'HU]I_8P"D$CO$YC6"P M> ^]/X>>^?NY.C9"SY^)?I(]AB^>!W\"/0*?[P$/H#V)%R;1:[?09,0P6",:P6M$R4H2DY4A1NC&N:?&D0@J)%"Z973EP'BJ1Q<.W,AT4\MA MA MI:[L*[G/53A\%NI$12"CM!4ZA<\1AB93"DM_H@9ULG;^$0&LO-Z56F$NT M":9S."38ARZR$C+%LB\3P,X5AQ1G1HXD>6&>2I2>"2HEF#92@G+!D=709;2& MQB:8TGOS5?N6[;";#+@Y9DM\"(R*SM2K;LUAUWPK>9OFV-O8Z4%<4)*U4)]J MO1QNQZ;G\)W$&6GLN,EZ 9J.RI)N/E*2<\RQ1'1;M.[]U_R6_[/B MV?G?2[:_*F/!+ZC1')Q'(')^#"(7QR#R*'KRXO6+G%W^8XU>>WYO71)VK@B] M%ZQJ0A7AK=J"I"EV>LP=+8)?S>6/[AS4PTU!XQ5:Z:O^#E_GICA#-55W9HDV M&,'!_F*$!XM^UK)'1'"P;W%*:G9I"P[_)^*?4$L#!!0 ( #6(74_&PO=V]R:V)O;VLN>&ULQ9M+;]LX$(#_"N'+M@>O8[W< M%DV!-$[: &T3Q-GN<4%+8YN(1+HDE4=_?2G:;D>I,]C+U*=8U.L3*?&;(9FW M]\;>SHVY%0]-K=WQ8.7]^LUHY,H5--+];=:@PYZ%L8WT8=,N1VYM059N!>"; M>I0<'16C1BH]>/=V=ZTK.\(;QD/IE=&AL"OXJN#>_=K?;0H9#KB#&SD_'AP- MA&R].5>U!SN5'CY8TZZ57AX/Q@.Q4-;Y67?O>&2CM&K4=ZCBEEN9^X_&JN]& M>UG/2FOJ.I[5[8@GA3NXGR5?P7I5]@[T M[ X14E?B3/M (R[TYE+AV.Y9PJTOJLUS^5!COV"%?:/"#GM1C3MP/LA3HRO0 M#BH1?CE3JRIP5&+6X813$61"0"8'A/PO09 I 9D>$C)%D!D!F1T2,D.0.0&9 M'Q(R1Y % 5D<$K) D!,"6F74JOO<4?LAJ;@2JO6<=LL$.0K O(5+^2L M;1II'P./F*FE5N$T&7K-D[(T;>@U$>1K O(U+^0UW(%N 7?:1U2O?<2+C/\+'UK M.S'/H.Q^*.@A4CH9,_OD@S'5O:KK^-U>^A78$#UXJ9<=ASC!F)10QLQ&F<+< M8Q;*&V-F<7P*;UJ_ 2E!C-D-T33*Q]<^MF'PA _A,.CRR5M&"6+,;(B9-^7M MRM056/>7. L=B7_$;)07QMQB6$D+P_=R(]DF7,G]%CE32A@S.^%,6AT:U(EU M^#8C+ Z7*3TDS'JXT*5I0-S(A]Z;EE!&2)B-<-T5AI:\DC;TMS=6AM8LGSHK M(;,,9BE\"=<]E6L5+Q1!C4F)(F,4P:^W,AP8_<2AXHQ*8[$HC:3,&MD74NV%) >KF"7R7&RU!<68 ME$129HG\'F+MK4E*)RFS3L@QEOX73.DD9=8);3T\/)E2=DFY\Q$2$P]0II1= M4F:[[.0<%4V5PW9)*;ND?V;4:C]F[]W,*+MDS';9,9TX!WXXCYW2 MKJQ2.*3(*-]D[!G,!@GE+O&#/P?H<#$FY9^,V3\[S'\TA-X35>4UE&:)L^>, M,E#&;*#>$.:+*7BIZEZOGI'S),SB>2[*W29?&).23\8L'S+*G6*-9Y1\,F;Y MD)C]?HB23\8L'SH8[TWA4?+)F.5#8V)'9I1\LH.F-G@:+Z?DDS/+A\;$$WDY M)9^<63Z;#.S40J5".+2T$#LD<0,/OI4U=F1.R2=GEL\SF)>M#TBZPIB4?')F M^43,#>M[J6_%)Q.4+J[D8Y=;B!N,25DH_P.3*^*]-;=@AU.0=7@WMU5[+DM5 M8TQROOZ/S+N(+]):V:T'VJOSG!)0SBR@+6&7Z1H=11X2C%@HSA[6V),Y):"< M64!;S%F[7M?QPY&U.)5N)7, M MIB;H..+M;XV>B?E)SC=224@ IF 9&8O>"HH 14L*\4(Z8SQ2G&I 14L*\5 M(S#[M4D)J. >?]L[2#A5=ZH"76&=%Y2 "NY)G)^8B'(S#G<-:SPE5E "*KBG M=)X?S82'%@_'%.22,>XQN.@Z,P^Y\09:'B0,L#ML$FQJ0L M5+"/P3EO5;E9'-@U\TFW9GKSN4,/?;&_$BGS3)C-\_PZC,B*,2GS3)C-0R[&Z'5"$\H\$_;% M!$]6.8A>"<:DS#.)YAG%@]V[MQ4LE(;J2[B%"^6EK,LK*[H_<=%3DN7=PJ=% M6]>GH>Q2A_2U*X_7V/U_QKL?4$L#!!0 ( #6(74].$:Y?:@( (DM : M >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'/%VDUNVS 0AN&K&#I :,Z0 MPZ2(L^HFV[07$&SZ![$E0521Y/95O:D*)/JZ,#YM9 @RAN_J@4#Q\26?Z^'4 M-N5XZLKJ_7)NRJ8Z#D/WS;FR/>9+7>[:+C?CDWW;7^IAO.T/KJNWK_4A.UFO MS?73&=73XW3FZGFWJ?KGG:]6/^O^D(=-Y=[/[JWM7\LQYZ&XZX^_&Q<8__+1 MY?]9OMWO3]O\O=W^NN1F^*3B[P*5^SQ(YH.$'J3S04H/"O-!@1X4YX,B/E.:#$CWH?C[HGA[T,!_T0 _R:R#CFI^$L.9K[0'7GN^U!V![OM@>D.WY M9GN MN>K[0';GN^V!W![OMP>T.WY=GN M^?K+4!OX>LM0&]9X%T;O6SS]1:@ MM_#U%J"W\/46H+?P]1:@M_#U%J"W\/46H+?P]1:@M_#U5J"W\O56H+?R]5:@ MMRZP5X(V2_AZ*]!;^7HKT%OY>BO06_EZ*]!;^7HKT%OY>BO06_EZ!Z!WX.L= M@-Z!KW< >@>^W@'H'1;8ZT:;W7R] ] [\/4.0._ USL O0-?[P#T#GR] ] [ M\/6.0._(USL"O2-?[PCTCGR](] [\O6.0.^XP+=*]+&2KW<$>D>^WA'H'?EZ M1Z!WY.L=@=Z1K[AM?;P-Z&U]O WH;7^\$]$Y\O1/0._'U3D#OQ-<[ ;T37^\$]$Y\O1/0 M._'U3D#OM,!9P8G>Y5CW>?=CZ$_-H=RZY)_A7]9,X"[#QSG?/N,Z]7!E&ULS=K-3N,P% 7@5ZFR18WKW\"(LAG8#D@S M+V"2VR9J$ENV8?(4%_NA'^.Z:%/R M/QB+=4N#C:7S-.;*QH7!IGP:MLS;>F>WQ,1J95CMQD1C6J:I1W%U>4T;^]"G MQ<^7ZU/K=6&][[O:ILZ-['%LWC5=OC8L _7SFMAV/I[E!<7B9I^[Q'QM7>1J M+-@G)KR_<3K/]]T^4@A=0U^*YC:;KJ;&U0]#OJ6,/I!M8DN4AKZ,K0W4_$ZA M&[>O>>]L2+_LD!NS?<_^6U">+D=ZZNEP@+ERS,DI;PLZ-&HNO'SR;PU\VPVU M"[3T(5=#Z@X\7HYTEZN130N/^8@T;9V&FD\-SZU/]\/^=6$W?S_TPO\5(YL/ MWWOKQ\LA0')(D!P*)(<&R6% YK/YK\97SU!+ 0(4 Q0 ( #6(74\?(\\#P !," + M " 0 !?D !D;V-0&UL M4$L! A0#% @ -8A=3YQR)MSN *P( !$ ( !F0$ M &1O8U!R;W!S+V-O&UL4$L! A0#% @ -8A=3YE&PO=V]R M:W-H965T&UL4$L! A0#% @ -8A=3\!:Z?''!0 UAL M !@ ( !8@P 'AL+W=O" & @ &9%P >&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3YJF(;&B!P T2L !@ ( ! M6AH 'AL+W=O M[Y T,08 (8@ 8 " 3(B !X;"]W;W)K&PO=V]R:W-H965T&UL4$L! A0#% @ M-8A=3P3ZPI2O 0 T@, !@ ( !$RL 'AL+W=O&PO=V]R M:W-H965T&UL M4$L! A0#% @ -8A=3X!NG^"T 0 T@, !D ( !O3( M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M-8A=3T'"#L:U 0 T@, !D ( !?C@ 'AL+W=OH3K&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3[<=F1VT 0 T@, !D M ( !$D0 'AL+W=O&PO=V]R:W-H M965TI' !X;"]W;W)K&UL4$L! M A0#% @ -8A=3W\DL)*P 0 T@, !D ( !UDD 'AL M+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A= M3UN\C__< 0 04 !D ( !T4\ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3QDN5DG/ 0 G 0 M !D ( !QE4 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3UP\U0#% 0 -P0 !D M ( !Z5L 'AL+W=O&PO=V]R:W-H965T M&UL4$L! A0# M% @ -8A=3\M;+J;O 0 7@4 !D ( !Y6$ 'AL+W=O M&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3SX= M6+#A P &!( !D ( !$6@ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3S5..YJ% @ 60@ !D M ( !;W8 'AL+W=OG;N<$! #B P &0 @ $K>0 >&PO M=V]R:W-H965T&UL4$L! A0#% @ -8A=3U)@QC9U!P <3, !D ( ! M:'T 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% M @ -8A=3X* Z881 @ E 4 !D ( !V8D 'AL+W=O^;8# X% &0 M@ $IE0 >&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3\E&>2PQ @ XP8 !D M ( !>)P 'AL+W=O&PO=V]R M:W-H965T&@ !X;"]W;W)K&UL M4$L! A0#% @ -8A=3S 8+Q\C @ $ 8 !D ( !+*, M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M-8A=3QD$W\'* @ ,0L !D ( !HJD 'AL+W=O&UL4$L! A0#% @ -8A=3YLQ)?HP @ MW@8 !D ( !Y[ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3U>/>$DA P %PT !D M ( ! +D 'AL+W=O&PO=V]R:W-H M965T&UL4$L! M A0#% @ -8A=3VS)V1D5! _A0 !D ( !Q,$ 'AL M+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A= M3W,RI$ 8 @ F 4 !D ( !PLP 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3Z-AQ9RP 0 P0, M !D ( !R=, 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ -8A=3]RTNL,>!@ (S( \ M ( !#E7!E&UL4$L%!@ !5 %4 *11< $-B 0 $! end XML 32 R34.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Weighted-average assumptions used for calculating the fair value of stock options and warrants with the Black-Scholes valuation model
The following table presents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of its employee and officer stock options that have been granted during the nine months ended September 30, 2019:
Expected life (in years)
5.43

Expected stock price volatility
35.80
%
Expected dividend yield
1.49
%
Risk-free interest rate
2.47
%
Fair value of options
$
24.41
Summary of stock option and warrant activity
The following table summarizes the Company’s stock option and warrant activity as of and for the nine months ended September 30, 2019:
 
 
Number of
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
(In thousands)
Outstanding — December 31, 2018
 
3,588,067

 
$
35.38

 
 
 
 
Granted
 
422,397

 
$
77.53

 
 
 
 
Exercised
 
(918,939
)
 
$
30.10

 
 
 
 
Forfeited and Expired
 
(87,123
)
 
$
47.22

 
 
 
 
Outstanding — September 30, 2019
 
3,004,402

 
$
42.58

 
5.89
 
$
118,145

Exercisable — September 30, 2019
 
2,167,111

 
$
33.67

 
4.81
 
$
104,510

Exercisable and expected to vest — September 30, 2019
 
2,935,433

 
$
41.92

 
5.81
 
$
117,359
Summary of outstanding stock options and warrant information
The following table summarizes information about outstanding stock options and warrants as of September 30, 2019:
 
 
Outstanding
 
Exercisable
Range of Exercise Prices
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining Life
(Years)
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
$19.85 - $25.00
 
674,097

 
$
20.30

 
5.75
 
674,097

 
$
20.30

$25.01 - $35.00
 
733,261

 
$
31.29

 
2.35
 
733,261

 
$
31.29

$35.01 - $45.00
 
476,678

 
$
39.60

 
7.32
 
293,475

 
$
39.68

$45.01 - $65.00
 
349,558

 
$
48.74

 
5.03
 
349,558

 
$
48.74

$65.01 - $75.00
 
366,440

 
$
65.56

 
8.34
 
115,355

 
$
65.56

$75.01 - $80.00
 
404,368

 
$
77.53

 
9.39
 
1,365

 
$
77.53

 
 
3,004,402

 
$
42.58

 
5.89
 
2,167,111

 
$
33.67
Summary of restricted stock awards and restricted stock units activity
The following summarizes the Company’s activity in its restricted stock awards and stock units, which include restricted stock units, deferred stock units, and performance stock units, for the nine months ended September 30, 2019:
 
 
Restricted Stock Awards
 
Stock Units
 
 
Number of
Shares
 
Weighted-Average
Grant-Date
Fair Value
 
Number of
Shares
 
Weighted-Average
Grant-Date
Fair Value
Outstanding — December 31, 2018
 
7,057

 
$
70.26

 
910,720

 
$
52.38

  Granted
 
9,366

 
$
81.99

 
287,288

 
$
81.95

  Vested
 
(8,127
)
 
$
71.81

 
(348,811
)
 
$
44.41

  Forfeited
 
—

 
$
—

 
(39,644
)
 
$
60.48

Nonvested — September 30, 2019
 
8,296

 
$
81.99

 
809,553

(1) 
$
65.91

Expected to vest — September 30, 2019
 
8,296

 
$
81.99

 
707,986

 
$
66.96


_______________________________
(1)
Includes 50,637 vested and undistributed deferred stock units.

XML 33 R30.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of activity in goodwill
A summary of the activity in goodwill is presented below (in thousands):
Balance at December 31, 2017
$
1,427,769

Goodwill acquired
62,478

Balance at December 31, 2018
$
1,490,247

Goodwill acquired
12,432

Balance at September 30, 2019
$
1,502,679
Components of intangible assets
The components of intangible assets were as follows at September 30, 2019 (dollars in thousands):
 
Weighted-Average Life 
Remaining
(in years)
 
Gross
 Carrying 
Value
 
 Accumulated 
Amortization
 
Net
 Carrying 
Value
Definite-lived intangible assets:
 
 
 
 
 
 
 
Advisor and financial institution relationships
6.3
 
$
651,642

 
$
(353,142
)
 
$
298,500

Product sponsor relationships
6.4
 
234,086

 
(158,458
)
 
75,628

Client relationships
9.0
 
42,234

 
(14,369
)
 
27,865

Technology
9.3
 
15,510

 
(1,163
)
 
14,347

Trade names
2.6
 
1,200

 
(890
)
 
310

Total definite-lived intangible assets
 
 
$
944,672

 
$
(528,022
)
 
$
416,650

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
Trademark and trade name
 
 
 
 
 
 
39,819

Total intangible assets
 
 
 
 
 
 
$
456,469

The components of intangible assets were as follows at December 31, 2018 (dollars in thousands):
 
Weighted-Average Life 
Remaining
(in years)
 
Gross
 Carrying 
Value
 
 Accumulated 
Amortization
 
Net
 Carrying 
Value
Definite-lived intangible assets:
 
 
 
 
 
 
 
Advisor and financial institution relationships
7.1
 
$
651,642

 
$
(316,153
)
 
$
335,489

Product sponsor relationships
7.1
 
234,086

 
(149,525
)
 
84,561

Client relationships
7.0
 
21,233

 
(12,841
)
 
8,392

Technology
10.0
 
15,510

 
—

 
15,510

Trade names
3.3
 
1,200

 
(800
)
 
400

Total definite-lived intangible assets
 
 
$
923,671

 
$
(479,319
)
 
$
444,352

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
Trademark and trade name
 
 
 
 
 
 
39,819

Total intangible assets
 
 
 
 
 
 
$
484,171
Amortization expense
Total amortization of intangible assets was $16.3 million and $15.7 million for the three months ended September 30, 2019 and 2018, respectively, and $48.7 million and $44.6 million for the nine months ended September 30, 2019 and 2018, respectively. Future amortization expense is estimated as follows (in thousands):
2019 - remainder
$
16,631

2020
66,139

2021
65,982

2022
65,182

2023
61,086

Thereafter
141,630

Total
$
416,650
XML 34 R38.htm IDEA: XBRL DOCUMENT v3.19.3
Summary of Significant Accounting Policies Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total borrowings $ 2,370,000 $ 2,381,250
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of indebtedness $ 2,417,100 $ 2,271,900
XML 35 R50.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details Textures) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]        
Total amortization expense of intangible assets $ 16,286 $ 15,676 $ 48,703 $ 44,580
XML 36 R8.htm IDEA: XBRL DOCUMENT v3.19.3
Organization and Description of the Company
 9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of the Company Organization and Description of the Company
LPL Financial Holdings Inc. (“LPLFH”), a Delaware holding corporation, together with its consolidated subsidiaries (collectively, the “Company”), provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (collectively “advisors”) in the United States. Through its custody and clearing platform, using both proprietary and third-party technology, the Company provides access to diversified financial products and services, enabling its advisors to offer independent financial advice and brokerage services to retail investors (their “clients”).
Description of Subsidiaries
LPL Holdings, Inc. (“LPLH”), a Massachusetts holding corporation, owns 100% of the issued and outstanding common stock or other ownership interest in each of LPL Financial LLC (“LPL Financial”), AW Subsidiary, Inc., LPL Employee Services, LLC, Fortigent Holdings Company, Inc. and LPL Insurance Associates, Inc. (“LPLIA”), as well as a series captive insurance subsidiary (the “Captive Insurance Subsidiary”) that underwrites insurance for various legal and regulatory risks of the Company. LPLH is also the majority stockholder in PTC Holdings, Inc. (“PTCH”), and owns 100% of the issued and outstanding voting common stock. Each member of PTCH’s board of directors meets the direct equity ownership interest requirements that are required by the Office of the Comptroller of the Currency.
LPL Financial, with primary offices in San Diego, California; Fort Mill, South Carolina; and Boston, Massachusetts, is a clearing broker-dealer and an investment adviser that principally transacts business as an agent for its advisors and financial institutions on behalf of their clients in a broad array of financial products and services. LPL Financial is licensed to operate in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
AW Subsidiary, Inc. is a holding company for AdvisoryWorld, which offers technology products, including proposal generation, investment analytics and portfolio modeling, to both the Company’s advisors and external clients in the wealth management industry.
LPL Employee Services, LLC is a holding company for Allen & Company of Florida, LLC (“Allen & Company”), a broker-dealer and registered investment adviser.
Fortigent Holdings Company, Inc. and its subsidiaries provide solutions and consulting services to registered investment advisors, banks, and trust companies serving high-net-worth clients.
PTCH is a holding company for The Private Trust Company, N.A. (“PTC”). PTC is chartered as a non-depository limited purpose national bank, providing a wide range of trust, investment management oversight, and custodial services for estates and families. PTC also provides Individual Retirement Account (“IRA”) custodial services for LPL Financial.
LPLIA operates as an insurance brokerage general agency that offers life and disability insurance products and services for LPL Financial advisors.
XML 37 R54.htm IDEA: XBRL DOCUMENT v3.19.3
Debt Debt (Bank Loans Payable Textuals) (Details) - Line of Credit [Member]
 3 Months Ended 9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2019
USD ($)
Line of Credit Facility [Line Items]    
Total number of uncommitted lines of credit   3
Number of uncommitted lines of credit with an unspecified limit   2
Line of credit, maximum borrowing capacity $ 150,000,000.0 $ 150,000,000.0
Average Outstanding Amount $ 2,000,000.0 $ 227,000,000.0
Interest rate (as percent) 3.55% 3.98%
Line of credit, amount outstanding $ 0 $ 0
XML 38 R58.htm IDEA: XBRL DOCUMENT v3.19.3
Leases Supplemental Cash Flow Information Related to Leases (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
USD ($)
Leases [Abstract]  
Operating cash flows from operating leases $ 14,270
Operating cash flows from finance leases 6,279
Financing cash flows from finance leases $ 648
XML 39 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Accumulated depreciation and amortization, Fixed assets $ 364,405 $ 308,155
Accumulated amortization, Intangible assets $ 528,022 $ 479,319
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 600,000,000 600,000,000
Common stock, shares issued 126,186,912 124,909,796
Treasury stock, shares 44,858,459 39,820,646
Receivables from clients [Member]    
Allowances on receivables $ 730 $ 640
Receivables from others [Member]    
Allowances on receivables 10,989 8,099
Advisor Loans [Member]    
Allowances on receivables $ 5,168 $ 5,080
XML 40 R73.htm IDEA: XBRL DOCUMENT v3.19.3
Income Taxes (Details)
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Tax Disclosure [Abstract]        
Federal statutory income tax rate     21.00%  
Effective income tax rate 26.00% 27.50% 24.90% 25.80%
XML 41 R12.htm IDEA: XBRL DOCUMENT v3.19.3
Fair Value Measurements
 9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
Level 1 — Quoted prices in active markets for identical assets or liabilities.
Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs.
There were no transfers of assets or liabilities between these fair value measurement classifications during the nine months ended September 30, 2019.
The Company’s fair value measurements are evaluated within the fair value hierarchy, based on the nature of inputs used to determine the fair value at the measurement date. At September 30, 2019, the Company had the following financial assets and liabilities that are measured at fair value on a recurring basis:
Cash Equivalents — The Company’s cash equivalents include money market funds, which are short term in nature with readily determinable values derived from active markets.
Securities Owned and Securities Sold, But Not Yet Purchased — The Company’s trading securities consist of house account model portfolios established and managed for the purpose of benchmarking the performance of its fee-based advisory platforms and temporary positions resulting from the processing of client transactions. Examples of these securities include money market funds, U.S. treasury obligations, mutual funds, certificates of deposit, and traded equity and debt securities.
The Company uses prices obtained from independent third-party pricing services to measure the fair value of its trading securities. Prices received from the pricing services are validated using various methods including comparison to prices received from additional pricing services, comparison to available quoted market prices, and review of other relevant market data including implied yields of major categories of securities. In general, these quoted prices are derived from active markets for identical assets or liabilities. When quoted prices in active markets for identical assets and liabilities are not available, the quoted prices are based on similar assets and liabilities or inputs other than the quoted prices that are observable, either directly or indirectly. For certificates of deposit and treasury securities, the Company utilizes market-based inputs, including observable market interest rates that correspond to the remaining maturities or the next interest reset dates. At September 30, 2019, the Company did not adjust prices received from the independent third-party pricing services.
Other Assets — The Company’s other assets include: (1) deferred compensation plan assets that are invested in money market and other mutual funds, which are actively traded and valued based on quoted market prices; and (2) certain non-traded real estate investment trusts and auction rate notes, which are valued using quoted prices for identical or similar securities and other inputs that are observable or can be corroborated by observable market data.
Accounts Payable and Accrued Liabilities — The Company’s accounts payable and accrued liabilities include contingent consideration liabilities that are measured using Level 3 inputs.
Level 3 Recurring Fair Value Measurements
The Company determines the fair value for its contingent consideration obligations using a scenario based approach whereby the Company assesses the expected retention percentage of the acquired assets under management. The contingent payment is estimated by applying a discount rate to the expected payment to calculate the fair value as of the valuation date. The Company’s management evaluates the underlying projections and other related factors used in determining fair value each period and makes updates when there have been significant changes in management’s expectations.
The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at September 30, 2019 (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
37,645

 
$
—

 
$
—

 
$
37,645

Securities owned — trading:
 
 
 
 
 
 
 

Money market funds
103

 
—

 
—

 
103

Mutual funds
12,666

 
—

 
—

 
12,666

Equity securities
530

 
—

 
—

 
530

Debt securities
—

 
126

 
—

 
126

U.S. treasury obligations
19,349

 
—

 
—

 
19,349

Total securities owned — trading
32,648

 
126

 
—

 
32,774

Other assets
238,939

 
10,749

 
—

 
249,688

Total assets at fair value
$
309,232

 
$
10,875

 
$
—

 
$
320,107

Liabilities
 
 
 
 
 
 
 
Securities sold, but not yet purchased:
 
 
 
 
 
 
 
Equity securities
$
89

 
$
—

 
$
—

 
$
89

Debt securities
—

 
117

 
—

 
117

Total securities sold, but not yet purchased
89

 
117

 
—

 
206

Accounts payable and accrued liabilities
—

 
—

 
9,031

 
9,031

Total liabilities at fair value
$
89

 
$
117

 
$
9,031

 
$
9,237


The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at December 31, 2018 (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
26,657

 
$
—

 
$
—

 
$
26,657

Securities owned — trading:
 
 
 
 
 
 
 
Money market funds
194

 
—

 
—

 
194

Mutual funds
7,434

 
—

 
—

 
7,434

Equity securities
1,931

 
—

 
—

 
1,931

Debt securities
—

 
1

 
—

 
1

U.S. treasury obligations
19,707

 
—

 
—

 
19,707

Total securities owned — trading
29,266

 
1

 
—

 
29,267

Other assets
181,974

 
9,420

 
—

 
191,394

Total assets at fair value
$
237,897

 
$
9,421

 
$
—

 
$
247,318

Liabilities
 
 
 
 
 
 
 
Securities sold, but not yet purchased:
 
 
 
 
 
 
 
Equity securities
$
163

 
$
—

 
$
—

 
$
163

Debt securities
—

 
6

 
—

 
6

Total securities sold, but not yet purchased
163


6


—


169

Total liabilities at fair value
$
163

 
$
6

 
$
—

 
$
169
XML 42 R16.htm IDEA: XBRL DOCUMENT v3.19.3
Leases
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Leases Leases
Adoption of ASC Topic 842, Leases
On January 1, 2019, the Company adopted ASC Topic 842, Leases (“Topic 842”). Results for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting guidance, ASC Topic 840.
The Company previously recorded a build-to-suit related asset and liability for a lease in Fort Mill, South Carolina. The asset and liability were derecognized and reevaluated as a result of the adoption. The Fort Mill lease was determined to be a finance lease under Topic 842 and the changes in values from the derecognition and reevaluation were recorded to retained earnings under cumulative effect of accounting change in the unaudited condensed consolidated statements of stockholders’ equity.
Lease Recognition
The Company determines if an arrangement is a lease or contains a lease at inception. The Company has operating and finance leases for corporate offices and equipment with remaining lease terms of 3 years to 17 years, some of which include options to extend the lease for up to 20 years. For leases with renewal options, the lease term is extended to reflect renewal options the Company is reasonably certain to exercise.
Operating lease assets and operating lease liabilities are recognized based on the present value of the future lease payments over the lease term at the commencement date. As most of the Company’s leases do not provide an implicit rate, the Company estimates its incremental borrowing rate based on information available at the commencement date in determining the present value of future payments. Lease expense for net present value of payments is recognized on a straight-line basis over the lease term.
Finance lease assets are included in fixed assets in the unaudited condensed consolidated statements of financial condition and at September 30, 2019 were $107.2 million.
The components of lease expense were as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2019
Operating lease cost
$
4,366

 
$
13,219

Finance lease cost:
 
 
 
Amortization of right-of-use assets
$
1,164

 
$
3,493

Interest on lease liabilities
2,095

 
6,279

Total finance lease cost
$
3,259

 
$
9,772


Supplemental cash flow information related to leases was as follows (in thousands):
 
Nine Months Ended September 30,
 
2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
14,270

Operating cash flows from finance leases
$
6,279

Financing cash flows from finance leases
$
648


Supplemental weighted average information related to leases was as follows:
 
September 30, 2019
Weighted-average remaining lease term (years):
 
Finance leases
26.7

Operating leases
9.4

Weighted-average discount rate:
 
Finance leases
7.80
%
Operating leases
7.27
%

Maturities of lease liabilities as of September 30, 2019 were as follows (in thousands):
 
Operating Leases
 
Finance Leases
2019 - remainder
$
4,923

 
$
2,018

2020
19,964

 
9,084

2021
20,552

 
9,227

2022
21,084

 
8,429

2023
20,706

 
8,576

Thereafter
114,989

 
242,366

Total lease payments
202,218

 
279,700

Less imputed interest
58,024

 
172,516

Total
$
144,194

 
$
107,184


Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 were as follows (in thousands):
2019
$
30,010

2020
30,731

2021
30,590

2022
31,238

2023
30,265

Thereafter
239,118

Total(1)
$
391,952

_______________________________
(1)
Amounts above exclude $75.7 million related to non-lease commitments from the schedule included in Note 13. Commitments and Contingencies, in the Company’s audited consolidated financial statements and the related notes in the 2018 Annual Report on Form 10-K.
Leases Leases
Adoption of ASC Topic 842, Leases
On January 1, 2019, the Company adopted ASC Topic 842, Leases (“Topic 842”). Results for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting guidance, ASC Topic 840.
The Company previously recorded a build-to-suit related asset and liability for a lease in Fort Mill, South Carolina. The asset and liability were derecognized and reevaluated as a result of the adoption. The Fort Mill lease was determined to be a finance lease under Topic 842 and the changes in values from the derecognition and reevaluation were recorded to retained earnings under cumulative effect of accounting change in the unaudited condensed consolidated statements of stockholders’ equity.
Lease Recognition
The Company determines if an arrangement is a lease or contains a lease at inception. The Company has operating and finance leases for corporate offices and equipment with remaining lease terms of 3 years to 17 years, some of which include options to extend the lease for up to 20 years. For leases with renewal options, the lease term is extended to reflect renewal options the Company is reasonably certain to exercise.
Operating lease assets and operating lease liabilities are recognized based on the present value of the future lease payments over the lease term at the commencement date. As most of the Company’s leases do not provide an implicit rate, the Company estimates its incremental borrowing rate based on information available at the commencement date in determining the present value of future payments. Lease expense for net present value of payments is recognized on a straight-line basis over the lease term.
Finance lease assets are included in fixed assets in the unaudited condensed consolidated statements of financial condition and at September 30, 2019 were $107.2 million.
The components of lease expense were as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2019
Operating lease cost
$
4,366

 
$
13,219

Finance lease cost:
 
 
 
Amortization of right-of-use assets
$
1,164

 
$
3,493

Interest on lease liabilities
2,095

 
6,279

Total finance lease cost
$
3,259

 
$
9,772


Supplemental cash flow information related to leases was as follows (in thousands):
 
Nine Months Ended September 30,
 
2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
14,270

Operating cash flows from finance leases
$
6,279

Financing cash flows from finance leases
$
648


Supplemental weighted average information related to leases was as follows:
 
September 30, 2019
Weighted-average remaining lease term (years):
 
Finance leases
26.7

Operating leases
9.4

Weighted-average discount rate:
 
Finance leases
7.80
%
Operating leases
7.27
%

Maturities of lease liabilities as of September 30, 2019 were as follows (in thousands):
 
Operating Leases
 
Finance Leases
2019 - remainder
$
4,923

 
$
2,018

2020
19,964

 
9,084

2021
20,552

 
9,227

2022
21,084

 
8,429

2023
20,706

 
8,576

Thereafter
114,989

 
242,366

Total lease payments
202,218

 
279,700

Less imputed interest
58,024

 
172,516

Total
$
144,194

 
$
107,184


Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 were as follows (in thousands):
2019
$
30,010

2020
30,731

2021
30,590

2022
31,238

2023
30,265

Thereafter
239,118

Total(1)
$
391,952

_______________________________
(1)
Amounts above exclude $75.7 million related to non-lease commitments from the schedule included in Note 13. Commitments and Contingencies, in the Company’s audited consolidated financial statements and the related notes in the 2018 Annual Report on Form 10-K.
XML 43 R39.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue Commission Revenue Disaggregated by Product Category (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue $ 474,993 $ 486,875 $ 1,415,487 $ 1,449,771
Variable Annuities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 202,131 201,075 586,421 597,613
Mutual Funds [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 148,672 155,579 438,714 470,665
Alternative Investments [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 5,467 6,331 17,526 18,602
Fixed Annuities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 41,541 47,117 144,106 127,288
Equities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 20,149 19,082 58,213 62,071
Fixed Income [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 30,917 32,144 91,480 93,368
Insurance [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 17,004 16,155 52,085 51,993
Group Annuities [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue 8,761 9,064 26,030 27,576
Other [Member]        
Disaggregation of Revenue [Line Items]        
Brokerage Commissions Revenue $ 351 $ 328 $ 912 $ 595
XML 44 R35.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Basic and diluted earnings per share computations The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
131,714

 
$
106,865

 
$
433,204

 
$
319,161

 
 
 
 
 
 
 
 
Basic weighted-average number of shares outstanding
81,833

 
87,426

 
83,315

 
88,841

Dilutive common share equivalents
2,011

 
2,452

 
2,106

 
2,606

Diluted weighted-average number of shares outstanding
83,844

 
89,878

 
85,421

 
91,447

 
 
 
 
 
 
 
 
Basic earnings per share
$
1.61

 
$
1.22

 
$
5.20

 
$
3.59

Diluted earnings per share
$
1.57

 
$
1.19

 
$
5.07

 
$
3.49
XML 45 R31.htm IDEA: XBRL DOCUMENT v3.19.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Outstanding borrowings
The Company’s outstanding borrowings were as follows (dollars in thousands):
 
 
September 30, 2019
 
December 31, 2018
 
Long-Term Borrowings
 
 
Balance
 
Applicable
Margin
 
Interest Rate
 
 
Balance
 
Applicable
Margin
 
Interest rate
Maturity
Revolving Credit Facility
 
$
—

 
LIBOR+125bps
 
—
%
 
$
—

 
LIBOR+125bps
 
—
%
9/21/2022
Senior Secured Term Loan B(1)
 
1,470,000

 
LIBOR+225 bps
 
4.30
%
 
1,481,250

 
LIBOR+225 bps
 
4.73
%
9/21/2024
Senior Unsecured Notes(1)(2)
 
900,000

 
Fixed Rate
 
5.75
%
 
900,000

 
Fixed Rate
 
5.75
%
9/15/2025
Total long-term borrowings
 
2,370,000

 
 
 
 
 
2,381,250

 
 
 
 
 
Plus: Unamortized Premium
 
8,958

 
 
 
 
 
10,083

 
 
 
 
 
Less: Unamortized Debt Issuance Cost
 
(18,740
)
 
 
 
 
 
(19,525
)
 
 
 
 
 
Net Carrying Value
 
$
2,360,218

 
 
 
 
 
$
2,371,808

 
 
 
 
 
_______________________________
(1)
No leverage or interest coverage maintenance covenants.
(2)
The Senior Unsecured Notes were issued in two separate transactions: $500.0 million in original notes were issued in March 2017 at par; $400.0 million in additional notes were issued in September 2017 and priced at 103.0% of the aggregate principal amount.
XML 46 R20.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings per Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if dilutive potential shares of common stock had been issued. The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
131,714

 
$
106,865

 
$
433,204

 
$
319,161

 
 
 
 
 
 
 
 
Basic weighted-average number of shares outstanding
81,833

 
87,426

 
83,315

 
88,841

Dilutive common share equivalents
2,011

 
2,452

 
2,106

 
2,606

Diluted weighted-average number of shares outstanding
83,844

 
89,878

 
85,421

 
91,447

 
 
 
 
 
 
 
 
Basic earnings per share
$
1.61

 
$
1.22

 
$
5.20

 
$
3.59

Diluted earnings per share
$
1.57

 
$
1.19

 
$
5.07

 
$
3.49


The computation of diluted earnings per share excludes stock options, warrants, and stock units that are anti-dilutive. For the three months ended September 30, 2019 and 2018, stock options, warrants, and stock units representing common share equivalents of 422,680 shares and 439,156 shares, respectively, were anti-dilutive. For the nine months ended September 30, 2019 and 2018, stock options, warrants, and restricted stock units representing common share equivalents of 596,354 shares and 377,583 shares, respectively, were anti-dilutive.
XML 47 R24.htm IDEA: XBRL DOCUMENT v3.19.3
Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk
 9 Months Ended
Sep. 30, 2019
Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk [Abstract]  
Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk
LPL Financial’s client securities activities are transacted on either a cash or margin basis. In margin transactions, LPL Financial extends credit to the advisor’s client, subject to various regulatory and internal margin requirements, collateralized by cash and securities in the client’s account. As clients write options contracts or sell securities short, LPL Financial may incur losses if the clients do not fulfill their obligations and the collateral in the clients’ accounts is not sufficient to fully cover losses that clients may incur from these strategies. To control this risk, LPL Financial monitors margin levels daily and clients are required to deposit additional collateral, or reduce positions, when necessary.
LPL Financial is obligated to settle transactions with brokers and other financial institutions even if its advisors’ clients fail to meet their obligation to LPL Financial. Clients are required to complete their transactions on the settlement date, generally two business days after the trade date. If clients do not fulfill their contractual obligations, LPL Financial may incur losses. In addition, the Company occasionally enters into certain types of contracts to fulfill its sale of when, as, and if issued securities. When, as, and if issued securities have been authorized but are contingent upon the actual issuance of the security. LPL Financial has established procedures to reduce this risk by generally requiring that clients deposit cash or securities into their account prior to placing an order.
LPL Financial may at times hold equity securities on both a long and short basis that are recorded on the unaudited condensed consolidated statements of financial condition at market value. While long inventory positions represent LPL Financial’s ownership of securities, short inventory positions represent obligations of LPL Financial to deliver specified securities at a contracted price, which may differ from market prices prevailing at the time of completion of the transaction. Accordingly, both long and short inventory positions may result in losses or gains to LPL Financial as market values of securities fluctuate. To mitigate the risk of losses, long and short positions are marked-to-market daily and are continuously monitored by LPL Financial.
XML 48 R28.htm IDEA: XBRL DOCUMENT v3.19.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Financial assets and financial liabilities measured at fair value on a recurring basis
The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at September 30, 2019 (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
37,645

 
$
—

 
$
—

 
$
37,645

Securities owned — trading:
 
 
 
 
 
 
 

Money market funds
103

 
—

 
—

 
103

Mutual funds
12,666

 
—

 
—

 
12,666

Equity securities
530

 
—

 
—

 
530

Debt securities
—

 
126

 
—

 
126

U.S. treasury obligations
19,349

 
—

 
—

 
19,349

Total securities owned — trading
32,648

 
126

 
—

 
32,774

Other assets
238,939

 
10,749

 
—

 
249,688

Total assets at fair value
$
309,232

 
$
10,875

 
$
—

 
$
320,107

Liabilities
 
 
 
 
 
 
 
Securities sold, but not yet purchased:
 
 
 
 
 
 
 
Equity securities
$
89

 
$
—

 
$
—

 
$
89

Debt securities
—

 
117

 
—

 
117

Total securities sold, but not yet purchased
89

 
117

 
—

 
206

Accounts payable and accrued liabilities
—

 
—

 
9,031

 
9,031

Total liabilities at fair value
$
89

 
$
117

 
$
9,031

 
$
9,237


The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at December 31, 2018 (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
26,657

 
$
—

 
$
—

 
$
26,657

Securities owned — trading:
 
 
 
 
 
 
 
Money market funds
194

 
—

 
—

 
194

Mutual funds
7,434

 
—

 
—

 
7,434

Equity securities
1,931

 
—

 
—

 
1,931

Debt securities
—

 
1

 
—

 
1

U.S. treasury obligations
19,707

 
—

 
—

 
19,707

Total securities owned — trading
29,266

 
1

 
—

 
29,267

Other assets
181,974

 
9,420

 
—

 
191,394

Total assets at fair value
$
237,897

 
$
9,421

 
$
—

 
$
247,318

Liabilities
 
 
 
 
 
 
 
Securities sold, but not yet purchased:
 
 
 
 
 
 
 
Equity securities
$
163

 
$
—

 
$
—

 
$
163

Debt securities
—

 
6

 
—

 
6

Total securities sold, but not yet purchased
163


6


—


169

Total liabilities at fair value
$
163

 
$
6

 
$
—

 
$
169
XML 49 R49.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets Intangible Assets (Components) (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Finite-Lived Intangible Assets    
Gross Carrying Value $ 944,672 $ 923,671
Accumulated Amortization (528,022) (479,319)
Net Carrying Value 416,650 444,352
Indefinite-lived Intangible Assets    
Total intangible assets 456,469 484,171
Trademarks and Trade Names [Member]    
Indefinite-lived Intangible Assets    
Net Carrying Value $ 39,819 $ 39,819
Advisor And Financial Institution Relationships [Member]    
Finite-Lived Intangible Assets    
Weighed-Average Life Remaining (in years) 6 years 3 months 18 days 7 years 1 month 6 days
Gross Carrying Value $ 651,642 $ 651,642
Accumulated Amortization (353,142) (316,153)
Net Carrying Value $ 298,500 $ 335,489
Product Sponsor Relationships [Member]    
Finite-Lived Intangible Assets    
Weighed-Average Life Remaining (in years) 6 years 4 months 24 days 7 years 1 month 6 days
Gross Carrying Value $ 234,086 $ 234,086
Accumulated Amortization (158,458) (149,525)
Net Carrying Value $ 75,628 $ 84,561
Client Relationships [Member]    
Finite-Lived Intangible Assets    
Weighed-Average Life Remaining (in years) 9 years 7 years
Gross Carrying Value $ 42,234 $ 21,233
Accumulated Amortization (14,369) (12,841)
Net Carrying Value $ 27,865 $ 8,392
Technology-Based Intangible Assets [Member]    
Finite-Lived Intangible Assets    
Weighed-Average Life Remaining (in years) 9 years 3 months 18 days 10 years
Gross Carrying Value $ 15,510 $ 15,510
Accumulated Amortization (1,163) 0
Net Carrying Value $ 14,347 $ 15,510
Trade Names [Member]    
Finite-Lived Intangible Assets    
Weighed-Average Life Remaining (in years) 2 years 7 months 6 days 3 years 3 months 18 days
Gross Carrying Value $ 1,200 $ 1,200
Accumulated Amortization (890) (800)
Net Carrying Value $ 310 $ 400
XML 50 R45.htm IDEA: XBRL DOCUMENT v3.19.3
Fair Value Measurements Financial Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading $ 32,774 $ 29,267
Securities sold, but not yet purchased 206 169
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 37,645 26,657
Securities owned — trading 32,774 29,267
Other assets 249,688 191,394
Total assets at fair value 320,107 247,318
Securities sold, but not yet purchased 206 169
Accounts payable and accrued liabilities 9,031  
Total liabilities at fair value 9,237 169
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 37,645 26,657
Securities owned — trading 32,648 29,266
Other assets 238,939 181,974
Total assets at fair value 309,232 237,897
Securities sold, but not yet purchased 89 163
Accounts payable and accrued liabilities 0  
Total liabilities at fair value 89 163
Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Securities owned — trading 126 1
Other assets 10,749 9,420
Total assets at fair value 10,875 9,421
Securities sold, but not yet purchased 117 6
Accounts payable and accrued liabilities 0  
Total liabilities at fair value 117 6
Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Securities owned — trading 0 0
Other assets 0 0
Total assets at fair value 0 0
Securities sold, but not yet purchased 0 0
Accounts payable and accrued liabilities 9,031  
Total liabilities at fair value 9,031 0
Equities [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 89 163
Equities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 89 163
Equities [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 0 0
Equities [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 0 0
Debt Securities [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 117 6
Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 0 0
Debt Securities [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 117 6
Debt Securities [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities sold, but not yet purchased 0 0
Money Market Funds [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 103 194
Money Market Funds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 103 194
Money Market Funds [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
Money Market Funds [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
Mutual Funds [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 12,666 7,434
Mutual Funds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 12,666 7,434
Mutual Funds [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
Mutual Funds [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
Equities [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 530 1,931
Equities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 530 1,931
Equities [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
Equities [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
Debt Securities [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 126 1
Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
Debt Securities [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 126 1
Debt Securities [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
U.S. treasury obligations [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 19,349 19,707
U.S. treasury obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 19,349 19,707
U.S. treasury obligations [Member] | Fair Value, Recurring [Member] | Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading 0 0
U.S. treasury obligations [Member] | Fair Value, Recurring [Member] | Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Securities owned — trading $ 0 $ 0
XML 51 lpla2019093010-q_htm.xml IDEA: XBRL DOCUMENT 0001397911 2019-01-01 2019-09-30 0001397911 2019-10-23 0001397911 2018-07-01 2018-09-30 0001397911 2018-01-01 2018-09-30 0001397911 2019-07-01 2019-09-30 0001397911 2019-09-30 0001397911 2018-12-31 0001397911 lpla:AdvisorLoansMember 2018-12-31 0001397911 lpla:AdvisorLoansMember 2019-09-30 0001397911 lpla:ReceivablesFromClientsMember 2018-12-31 0001397911 lpla:ReceivablesFromOthersMember 2019-09-30 0001397911 lpla:ReceivablesFromOthersMember 2018-12-31 0001397911 lpla:ReceivablesFromClientsMember 2019-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001397911 us-gaap:TreasuryStockMember 2018-07-01 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2018-09-30 0001397911 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001397911 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0001397911 us-gaap:CommonStockMember 2018-06-30 0001397911 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001397911 2018-06-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001397911 2019-06-30 0001397911 us-gaap:CommonStockMember 2019-09-30 0001397911 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001397911 us-gaap:CommonStockMember 2018-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001397911 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2019-06-30 0001397911 us-gaap:RetainedEarningsMember 2019-06-30 0001397911 us-gaap:TreasuryStockMember 2018-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001397911 us-gaap:CommonStockMember 2019-06-30 0001397911 us-gaap:RetainedEarningsMember 2018-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001397911 us-gaap:RetainedEarningsMember 2019-09-30 0001397911 us-gaap:RetainedEarningsMember 2018-09-30 0001397911 us-gaap:TreasuryStockMember 2019-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001397911 us-gaap:TreasuryStockMember 2019-01-01 2019-09-30 0001397911 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001397911 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001397911 us-gaap:TreasuryStockMember 2017-12-31 0001397911 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0001397911 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001397911 us-gaap:TreasuryStockMember 2018-12-31 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001397911 us-gaap:CommonStockMember 2018-12-31 0001397911 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0001397911 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001397911 us-gaap:RetainedEarningsMember 2018-12-31 0001397911 us-gaap:TreasuryStockMember 2018-01-01 2018-09-30 0001397911 us-gaap:CommonStockMember 2017-12-31 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001397911 us-gaap:RetainedEarningsMember 2017-12-31 0001397911 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001397911 2017-12-31 0001397911 lpla:PtcHoldingsIncMember 2019-01-01 2019-09-30 0001397911 lpla:LplFinancialLlcMember 2019-09-30 0001397911 lpla:LplFinancialLlcMember 2019-01-01 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 lpla:SponsorshipProgramsMember 2019-07-01 2019-09-30 0001397911 lpla:SponsorshipProgramsMember 2018-01-01 2018-09-30 0001397911 lpla:CashsweepRevenueMember 2019-01-01 2019-09-30 0001397911 lpla:CashsweepRevenueMember 2019-07-01 2019-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2019-07-01 2019-09-30 0001397911 lpla:SponsorshipProgramsMember 2018-07-01 2018-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2018-07-01 2018-09-30 0001397911 lpla:CashsweepRevenueMember 2018-07-01 2018-09-30 0001397911 lpla:CashsweepRevenueMember 2018-01-01 2018-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2018-01-01 2018-09-30 0001397911 lpla:RecordkeepingRevenuesMember 2019-01-01 2019-09-30 0001397911 lpla:SponsorshipProgramsMember 2019-01-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2018-07-01 2018-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:MutualFundMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-09-30 0001397911 lpla:OtherInvestmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2018-07-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2019-01-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember 2018-07-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2018-01-01 2018-09-30 0001397911 lpla:OtherInvestmentMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember 2019-01-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember 2018-07-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2019-01-01 2019-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2019-07-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember 2018-01-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001397911 us-gaap:IndividualPoliciesMember 2019-07-01 2019-09-30 0001397911 us-gaap:IndividualPoliciesMember 2018-01-01 2018-09-30 0001397911 us-gaap:DeferredVariableAnnuityMember 2018-01-01 2018-09-30 0001397911 lpla:AlternativeInvestmentsMember 2019-07-01 2019-09-30 0001397911 lpla:OtherInvestmentMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2018-01-01 2018-09-30 0001397911 lpla:OtherInvestmentMember 2018-07-01 2018-09-30 0001397911 us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedIncomeSecuritiesMember 2019-07-01 2019-09-30 0001397911 us-gaap:MutualFundMember 2019-01-01 2019-09-30 0001397911 lpla:OtherInvestmentMember 2018-01-01 2018-09-30 0001397911 us-gaap:FixedAnnuityMember 2019-01-01 2019-09-30 0001397911 us-gaap:FixedAnnuityMember 2019-07-01 2019-09-30 0001397911 us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2019-01-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2019-07-01 2019-09-30 0001397911 us-gaap:VariableAnnuityMember 2018-07-01 2018-09-30 0001397911 srt:ScenarioForecastMember 2020-01-31 0001397911 2019-08-01 2019-08-01 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember lpla:MutualFundsMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:DebtSecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2019-09-30 0001397911 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:USTreasurySecuritiesMember 2019-09-30 0001397911 us-gaap:USTreasurySecuritiesMember 2018-12-31 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2018-12-31 0001397911 us-gaap:CustomerRelationshipsMember 2018-12-31 0001397911 us-gaap:TradeNamesMember 2018-12-31 0001397911 us-gaap:TradeNamesMember 2018-01-01 2018-12-31 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2018-12-31 0001397911 us-gaap:CustomerRelationshipsMember 2018-01-01 2018-12-31 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2018-01-01 2018-12-31 0001397911 lpla:ProductSponsorRelationshipsMember 2018-12-31 0001397911 us-gaap:TrademarksAndTradeNamesMember 2018-12-31 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2018-01-01 2018-12-31 0001397911 lpla:ProductSponsorRelationshipsMember 2018-01-01 2018-12-31 0001397911 lpla:ProductSponsorRelationshipsMember 2019-01-01 2019-09-30 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2019-09-30 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2019-01-01 2019-09-30 0001397911 us-gaap:TradeNamesMember 2019-09-30 0001397911 lpla:ProductSponsorRelationshipsMember 2019-09-30 0001397911 lpla:AdvisorAndFinancialInstitutionRelationshipsMember 2019-01-01 2019-09-30 0001397911 us-gaap:CustomerRelationshipsMember 2019-09-30 0001397911 us-gaap:TradeNamesMember 2019-01-01 2019-09-30 0001397911 us-gaap:TechnologyBasedIntangibleAssetsMember 2019-09-30 0001397911 us-gaap:CustomerRelationshipsMember 2019-01-01 2019-09-30 0001397911 us-gaap:TrademarksAndTradeNamesMember 2019-09-30 0001397911 2018-01-01 2018-12-31 0001397911 us-gaap:RevolvingCreditFacilityMember lpla:LPLFinancialLLCDomain 2019-09-30 0001397911 us-gaap:LineOfCreditMember 2019-07-01 2019-09-30 0001397911 us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001397911 us-gaap:LineOfCreditMember 2019-09-30 0001397911 us-gaap:LineOfCreditMember 2019-01-01 2019-09-30 0001397911 lpla:AdditionalSeniorUnsecuredNotesdue2025Member us-gaap:UnsecuredDebtMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2017-03-10 2017-03-10 0001397911 lpla:AdditionalSeniorUnsecuredNotesdue2025Member us-gaap:UnsecuredDebtMember 2017-09-21 0001397911 lpla:SeniorNotesDue2025Member us-gaap:UnsecuredDebtMember 2017-03-10 0001397911 us-gaap:RevolvingCreditFacilityMember 2019-01-01 2019-09-30 0001397911 us-gaap:RevolvingCreditFacilityMember lpla:LPLFinancialLLCDomain 2019-07-31 0001397911 us-gaap:RevolvingCreditFacilityMember 2018-12-31 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2019-09-30 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2018-12-31 0001397911 lpla:SeniorNotesDue2025Member us-gaap:UnsecuredDebtMember 2018-12-31 0001397911 lpla:SeniorNotesDue2025Member us-gaap:UnsecuredDebtMember 2019-09-30 0001397911 us-gaap:RevolvingCreditFacilityMember 2017-09-21 2017-09-21 0001397911 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:EurodollarMember 2017-09-21 2017-09-21 0001397911 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:EurodollarMember 2017-09-21 2017-09-21 0001397911 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:BaseRateMember 2017-09-21 2017-09-21 0001397911 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember us-gaap:BaseRateMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember us-gaap:EurodollarMember 2017-09-21 2017-09-21 0001397911 us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember us-gaap:BaseRateMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-09-21 2017-09-21 0001397911 lpla:FourthAmendmentAgreementTermLoanBMember us-gaap:SecuredDebtMember 2017-09-21 2017-09-21 0001397911 srt:MinimumMember 2019-01-01 2019-09-30 0001397911 us-gaap:PropertyPlantAndEquipmentMember 2019-09-30 0001397911 srt:MaximumMember 2019-01-01 2019-09-30 0001397911 lpla:OptionsClearingCorporationMember 2019-09-30 0001397911 lpla:NationalSecuritiesClearingCorporationMember 2019-09-30 0001397911 lpla:OptionsClearingCorporationMember 2018-12-31 0001397911 2019-04-01 2019-06-30 0001397911 2018-04-01 2018-06-30 0001397911 2019-01-01 2019-03-31 0001397911 2018-01-01 2018-03-31 0001397911 lpla:RestrictedStockAwardsMember 2018-12-31 0001397911 lpla:RestrictedStockAwardsMember 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001397911 lpla:RestrictedStockAwardsMember 2019-01-01 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0001397911 lpla:StockoptionsandwarrantsMember lpla:EmployeesofficersanddirectorsMember 2019-01-01 2019-09-30 0001397911 lpla:RangeSixMember 2019-09-30 0001397911 lpla:RangeOneMember 2019-09-30 0001397911 lpla:RangeFourMember 2019-09-30 0001397911 lpla:RangeSixMember 2019-01-01 2019-09-30 0001397911 lpla:RangeThreeMember 2019-01-01 2019-09-30 0001397911 lpla:RangeOneMember 2019-01-01 2019-09-30 0001397911 lpla:RangeThreeMember 2019-09-30 0001397911 lpla:RangeTwoMember 2019-09-30 0001397911 lpla:RangeFiveMember 2019-09-30 0001397911 lpla:RangeFourMember 2019-01-01 2019-09-30 0001397911 lpla:RangeTwoMember 2019-01-01 2019-09-30 0001397911 lpla:RangeFiveMember 2019-01-01 2019-09-30 0001397911 lpla:StockoptionsandwarrantsMember lpla:EmployeesofficersanddirectorsMember 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember lpla:AdvisorsandFinancialInstitutionsMember 2019-09-30 0001397911 us-gaap:RestrictedStockMember lpla:EmployeesofficersanddirectorsMember 2019-09-30 0001397911 lpla:StockoptionsandwarrantsMember lpla:EmployeesofficersanddirectorsMember 2018-07-01 2018-09-30 0001397911 us-gaap:RestrictedStockMember lpla:EmployeesofficersanddirectorsMember 2019-01-01 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember lpla:AdvisorsandFinancialInstitutionsMember 2019-01-01 2019-09-30 0001397911 lpla:StockoptionsandwarrantsMember lpla:EmployeesofficersanddirectorsMember 2019-07-01 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember lpla:AdvisorsandFinancialInstitutionsMember 2018-01-01 2018-09-30 0001397911 us-gaap:RestrictedStockMember lpla:EmployeesofficersanddirectorsMember 2018-01-01 2018-09-30 0001397911 lpla:StockoptionsandwarrantsMember lpla:EmployeesofficersanddirectorsMember 2018-01-01 2018-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember lpla:AdvisorsandFinancialInstitutionsMember 2019-07-01 2019-09-30 0001397911 us-gaap:RestrictedStockMember lpla:EmployeesofficersanddirectorsMember 2018-07-01 2018-09-30 0001397911 us-gaap:RestrictedStockMember lpla:EmployeesofficersanddirectorsMember 2019-07-01 2019-09-30 0001397911 us-gaap:RestrictedStockUnitsRSUMember lpla:AdvisorsandFinancialInstitutionsMember 2018-07-01 2018-09-30 0001397911 us-gaap:SubsequentEventMember 2019-10-21 0001397911 us-gaap:SubsequentEventMember 2019-10-21 2019-10-21 0001397911 us-gaap:SubsequentEventMember 2019-11-21 2019-11-21 0001397911 us-gaap:SubsequentEventMember 2019-11-07 2019-11-07 pure iso4217:USD shares shares iso4217:USD utreg:Rate false --12-31 Q3 2019 0001397911 0 308155000 364405000 5080000 640000 8099000 5168000 730000 10989000 0.001 0.001 600000000 600000000 124909796 126186912 0.0075 0.0175 0.0025 0.0125 0.0125 0.0125 0.0225 0.0225 P5Y P7Y 0 39820646 44858459 10-Q true 2019-09-30 false 001-34963 LPL Financial Holdings Inc. DE 20-3717839 75 State Street, Boston, MA 02109 (617) 423-3644 Common Stock - par value $0.001 per share LPLA NASDAQ Yes Yes Large Accelerated Filer false false false 80831085 474993000 486875000 1415487000 1449771000 514363000 458087000 1449610000 1319391000 292140000 248895000 877054000 706834000 121222000 118941000 362037000 352045000 11531000 10512000 35542000 28426000 1276000 7687000 37231000 14891000 1415525000 1330997000 4176961000 3871358000 856635000 821950000 2494355000 2384266000 138300000 128007000 407000000 373884000 61715000 52628000 154487000 163462000 24062000 22838000 70116000 65759000 16286000 15676000 48703000 44580000 34417000 30308000 100843000 84848000 17666000 23129000 56115000 61223000 16380000 15844000 48518000 47154000 12535000 12334000 37394000 34546000 27599000 29219000 83977000 88175000 1205595000 1151933000 3501508000 3347897000 31944000 31705000 98617000 93267000 177986000 147359000 576836000 430194000 46272000 40494000 143632000 111033000 131714000 106865000 433204000 319161000 1.61 1.22 5.20 3.59 1.57 1.19 5.07 3.49 81833000 87426000 83315000 88841000 83844000 89878000 85421000 91447000 929536000 511096000 526741000 985195000 52406000 65828000 418976000 412944000 171151000 166793000 397653000 298821000 268262000 248711000 32774000 29267000 13043000 13001000 10231000 4829000 504410000 461418000 104305000 0 1502679000 1490247000 456469000 484171000 351912000 305147000 5740548000 5477468000 141423000 225034000 1119575000 950946000 85341000 76180000 162104000 164211000 487399000 478644000 7146000 32990000 85003000 80524000 206000 169000 2360218000 2371808000 144194000 0 107184000 0 0 104564000 20805000 18325000 4720598000 4503395000 126000 125000 1687021000 1634337000 2114814000 1730535000 1447617000 1070146000 1019950000 974073000 5740548000 5477468000 124461000 124000 1610567000 36053000 -1490020000 0 886025000 1006696000 0 106865000 106865000 47000 0 0 12000 -741000 -741000 1849000 122483000 122483000 21941000 21941000 103000 0 3160000 -12000 397000 221000 3778000 7293000 7293000 124611000 124000 1621020000 37902000 -1612847000 0 971170000 979467000 125971000 126000 1673155000 43193000 -1984223000 0 1336059000 1025117000 0 131714000 131714000 26000 0 0 10000 -759000 -759000 1668000 130274000 130274000 20485000 20485000 190000 0 5942000 -13000 442000 329000 6713000 7924000 7924000 126187000 126000 1687021000 44858000 -2114814000 0 1447617000 1019950000 123030000 123000 1556117000 33262000 -1309568000 0 718336000 965008000 0 319161000 319161000 356000 0 0 70000 -4536000 -4536000 4608000 300091000 300091000 66847000 66847000 1225000 1000 41379000 -38000 1348000 520000 43248000 23524000 23524000 124611000 124000 1621020000 37902000 -1612847000 0 971170000 979467000 124910000 125000 1634337000 39821000 -1730535000 0 1070146000 974073000 0 433204000 433204000 5724000 5724000 238000 0 0 70000 -5366000 -5366000 5007000 380341000 380341000 62391000 62391000 1039000 1000 27697000 -40000 1428000 934000 30060000 24987000 24987000 126187000 126000 1687021000 44858000 -2114814000 0 1447617000 1019950000 433204000 319161000 70116000 65759000 48703000 44580000 3372000 3090000 24987000 23524000 5723000 5335000 92000 -487000 67306000 50695000 6291000 334000 6121000 91058000 677000 17680000 167391000 92253000 22571000 10377000 2802000 15446000 5402000 -6215000 942000 0 33222000 18084000 -83611000 9414000 168629000 -158093000 9161000 98000 -3764000 21081000 32598000 19388000 -25844000 22061000 4479000 10324000 37000 -850000 509769000 196063000 104250000 85198000 24884000 0 3745000 4905000 3750000 3750000 -129129000 -86353000 8000000 0 8000000 0 11250000 11250000 4140000 0 5365000 4536000 380342000 300091000 62391000 66847000 30060000 43248000 648000 2461000 -434076000 -341937000 -53436000 -232227000 1562119000 1625655000 1508683000 1393428000 111900000 105057000 169303000 89254000 14669000 26903000 108539000 0 929536000 768546000 526741000 566128000 52406000 58754000 1508683000 1393428000 Organization and Description of the Company<div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Financial Holdings Inc. (“LPLFH”), a Delaware holding corporation, together with its consolidated subsidiaries (collectively, the “Company”), provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (collectively “advisors”) in the United States. Through its custody and clearing platform, using both proprietary and third-party technology, the Company provides access to diversified financial products and services, enabling its advisors to offer independent financial advice and brokerage services to retail investors (their “clients”).</span></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Description of Subsidiaries </span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Holdings, Inc. (“LPLH”), a Massachusetts holding corporation, owns </span><span style="font-family:Arial;font-size:10pt;"><span>100%</span></span><span style="font-family:Arial;font-size:10pt;"> of the issued and outstanding common stock or other ownership interest in each of LPL Financial LLC (“LPL Financial”), AW Subsidiary, Inc., LPL Employee Services, LLC, Fortigent Holdings Company, Inc. and LPL Insurance Associates, Inc. (“LPLIA”), as well as a series captive insurance subsidiary (the “Captive Insurance Subsidiary”) that underwrites insurance for various legal and regulatory risks of the Company. LPLH is also the majority stockholder in PTC Holdings, Inc. (“PTCH”), and owns </span><span style="font-family:Arial;font-size:10pt;"><span>100%</span></span><span style="font-family:Arial;font-size:10pt;"> of the issued and outstanding voting common stock. Each member of PTCH’s board of directors meets the direct equity ownership interest requirements that are required by the Office of the Comptroller of the Currency. </span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Financial, with primary offices in San Diego, California; Fort Mill, South Carolina; and Boston, Massachusetts, is a clearing broker-dealer and an investment adviser that principally transacts business as an agent for its advisors and financial institutions on behalf of their clients in a broad array of financial products and services. LPL Financial is licensed to operate in all </span><span style="font-family:Arial;font-size:10pt;"><span>50</span></span><span style="font-family:Arial;font-size:10pt;"> states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">AW Subsidiary, Inc. is a holding company for AdvisoryWorld, which offers technology products, including proposal generation, investment analytics and portfolio modeling, to both the Company’s advisors and external clients in the wealth management industry.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Employee Services, LLC is a holding company for Allen &amp; Company of Florida, LLC (“Allen &amp; Company”), a broker-dealer and registered investment adviser.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Fortigent Holdings Company, Inc. and its subsidiaries provide solutions and consulting services to registered investment advisors, banks, and trust companies serving high-net-worth clients.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">PTCH is a holding company for The Private Trust Company, N.A. (“PTC”). PTC is chartered as a non-depository limited purpose national bank, providing a wide range of trust, investment management oversight, and custodial services for estates and families. PTC also provides Individual Retirement Account (“IRA”) custodial services for LPL Financial.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPLIA operates as an insurance brokerage general agency that offers life and disability insurance products and services for LPL Financial advisors.</span></div> 1 1 50 Summary of Significant Accounting Policies<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the Company to make estimates and assumptions regarding the valuation of certain financial instruments, intangible assets, allowance for doubtful accounts, share-based compensation, accruals for liabilities, income taxes, revenue and expense accruals, and other matters that affect the consolidated financial statements and related disclosures. The unaudited condensed consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present fairly the results for the interim periods presented. Actual results could differ from those estimates under different assumptions or conditions and the differences may be material to the consolidated financial statements. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The unaudited condensed consolidated financial statements do not include all information and notes necessary for a complete presentation of results of income, comprehensive income, financial position, and cash flows in conformity with GAAP. Accordingly, these financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the related notes for the year ended </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">, contained in the Company’s Annual Report on Form 10-K as filed with the SEC.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">For the Company’s significant accounting policies affecting leases, see </span><span style="font-family:Arial;font-size:10pt;">Note 9</span><span style="font-family:Arial;font-size:10pt;">. </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases</span><span style="font-family:Arial;font-size:10pt;">. A summary of other significant accounting policies are included in </span><span style="font-family:Arial;font-size:10pt;">Note 2</span><span style="font-family:Arial;font-size:10pt;">. </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Summary of Significant Accounting Policies</span><span style="font-family:Arial;font-size:10pt;">, in the Company’s audited consolidated financial statements and the related notes for the year ended </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">. There have been no other significant changes to these accounting policies during the first </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months of </span><span style="font-family:Arial;font-size:10pt;">2019</span><span style="font-family:Arial;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Consolidation</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">These unaudited condensed consolidated financial statements include the accounts of LPLFH and its subsidiaries. Intercompany transactions and balances have been eliminated. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Reportable Segment</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Management has determined that the Company operates in </span><span style="font-family:Arial;font-size:10pt;"><span>one</span></span><span style="font-family:Arial;font-size:10pt;"> segment, given the similarities in economic characteristics between its operations and the common nature of its products and services, production and distribution process, and regulatory environment.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Fair Value of Financial Instruments</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s financial assets and liabilities are carried at fair value or at amounts that, because of their short-term nature, approximate current fair value, with the exception of its held-to-maturity securities and indebtedness, which are carried at amortized cost. The Company measures the implied fair value of its debt instruments using trading levels obtained from a third-party service provider. Accordingly, the debt instruments qualify as Level 2 fair value measurements. See </span><span style="font-family:Arial;font-size:10pt;">Note 5</span><span style="font-family:Arial;font-size:10pt;">.</span><span style="font-family:Arial;font-size:10pt;font-style:italic;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Fair Value Measurements</span><span style="font-family:Arial;font-size:10pt;">, for additional information. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the carrying amount and fair value of the Company’s indebtedness was approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$2,370.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$2,417.1 million</span></span><span style="font-family:Arial;font-size:10pt;">, respectively. As of </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">, the carrying amount and fair value was approximately </span><span style="font-family:Arial;font-size:10pt;text-align:right;vertical-align:bottom;"><span>$2,381.3 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$2,271.9 million</span></span><span style="font-family:Arial;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Recently Issued Accounting Pronouncements</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span><span style="font-family:Arial;font-size:10pt;">, which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 also requires additional disclosures regarding significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement</span><span style="font-family:Arial;font-size:10pt;">. ASU 2018-13 removes or modifies certain current disclosures, and requires additional disclosures. The changes are meant to provide more relevant information regarding valuation techniques and inputs used to arrive at measures of fair value, uncertainty in the fair value measurements, and how changes in fair value measurements impact an entity’s performance and cash flows. Certain disclosures in ASU 2018-13 will need to be applied on a retrospective basis and others on a prospective basis. Early adoption is permitted. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s related disclosures.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In August 2018, the FASB issued ASU 2018-15,</span><span style="font-family:Arial;font-size:10pt;font-style:italic;"> Intangibles-Goodwill and Other-Internal-Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract</span><span style="font-family:Arial;font-size:10pt;">, which aligns the accounting for costs to implement a cloud computing arrangement that is a service with the guidance on capitalizing costs for developing or obtaining internal-use software. The Company expects to apply the prospective approach upon adoption of the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Pronouncements</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases (Topic 842)</span><span style="font-family:Arial;font-size:10pt;">, which establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. The new standard also requires disclosures that provide additional information on recorded lease arrangements. In July 2018, the FASB issued ASU 2018-11, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases – Targeted Improvements,</span><span style="font-family:Arial;font-size:10pt;"> which provides an optional transition method that allows entities to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted the provisions of this guidance, including the optional transition method, on January 1, 2019. Operating lease assets and corresponding lease liabilities were recognized on the Company’s unaudited condensed consolidated statements of financial condition. There was no material impact to its consolidated statements of income. Refer to </span><span style="font-family:Arial;font-size:10pt;">Note 9</span><span style="font-family:Arial;font-size:10pt;">. </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases</span><span style="font-family:Arial;font-size:10pt;font-style:italic;">, </span><span style="font-family:Arial;font-size:10pt;">for additional disclosure and significant accounting policies affecting leases.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In June 2018, the FASB issued ASU 2018-07, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Stock Compensation (Topic 718): Improvements to Non-employee</span><span style="font-family:Arial;font-size:10pt;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Share-Based Payment Accounting, </span><span style="font-family:Arial;font-size:10pt;">which expands the scope of Topic 718 to include share-based payments granted to non-employees. Consistent with the requirement for employee share-based payment awards, non-employee share-based payment awards within the scope of Topic 718 will be measured at grant-date fair value of the equity instruments. The Company adopted the provisions of this guidance on January 1, 2019 and will no longer mark-to-market advisor and financial institution equity awards in the consolidated statements of income.</span></div> <div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the Company to make estimates and assumptions regarding the valuation of certain financial instruments, intangible assets, allowance for doubtful accounts, share-based compensation, accruals for liabilities, income taxes, revenue and expense accruals, and other matters that affect the consolidated financial statements and related disclosures. The unaudited condensed consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present fairly the results for the interim periods presented. Actual results could differ from those estimates under different assumptions or conditions and the differences may be material to the consolidated financial statements. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The unaudited condensed consolidated financial statements do not include all information and notes necessary for a complete presentation of results of income, comprehensive income, financial position, and cash flows in conformity with GAAP. Accordingly, these financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the related notes for the year ended </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">, contained in the Company’s Annual Report on Form 10-K as filed with the SEC.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">For the Company’s significant accounting policies affecting leases, see </span><span style="font-family:Arial;font-size:10pt;">Note 9</span><span style="font-family:Arial;font-size:10pt;">. </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases</span><span style="font-family:Arial;font-size:10pt;">. A summary of other significant accounting policies are included in </span><span style="font-family:Arial;font-size:10pt;">Note 2</span><span style="font-family:Arial;font-size:10pt;">. </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Summary of Significant Accounting Policies</span><span style="font-family:Arial;font-size:10pt;">, in the Company’s audited consolidated financial statements and the related notes for the year ended </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">. There have been no other significant changes to these accounting policies during the first </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months of </span><span style="font-family:Arial;font-size:10pt;">2019</span><span style="font-family:Arial;font-size:10pt;">.</span></div> <div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Consolidation</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">These unaudited condensed consolidated financial statements include the accounts of LPLFH and its subsidiaries. Intercompany transactions and balances have been eliminated. </span></div> <div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Reportable Segment</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Management has determined that the Company operates in </span><span style="font-family:Arial;font-size:10pt;"><span>one</span></span><span style="font-family:Arial;font-size:10pt;"> segment, given the similarities in economic characteristics between its operations and the common nature of its products and services, production and distribution process, and regulatory environment.</span></div> 1 <div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Fair Value of Financial Instruments</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s financial assets and liabilities are carried at fair value or at amounts that, because of their short-term nature, approximate current fair value, with the exception of its held-to-maturity securities and indebtedness, which are carried at amortized cost. The Company measures the implied fair value of its debt instruments using trading levels obtained from a third-party service provider. Accordingly, the debt instruments qualify as Level 2 fair value measurements. See </span><span style="font-family:Arial;font-size:10pt;">Note 5</span><span style="font-family:Arial;font-size:10pt;">.</span><span style="font-family:Arial;font-size:10pt;font-style:italic;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Fair Value Measurements</span><span style="font-family:Arial;font-size:10pt;">, for additional information. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the carrying amount and fair value of the Company’s indebtedness was approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$2,370.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$2,417.1 million</span></span><span style="font-family:Arial;font-size:10pt;">, respectively. As of </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">, the carrying amount and fair value was approximately </span><span style="font-family:Arial;font-size:10pt;text-align:right;vertical-align:bottom;"><span>$2,381.3 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$2,271.9 million</span></span><span style="font-family:Arial;font-size:10pt;">, respectively.</span></div> 2370000000.0 2417100000 2381300000 2271900000 <div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Recently Issued Accounting Pronouncements</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span><span style="font-family:Arial;font-size:10pt;">, which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 also requires additional disclosures regarding significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement</span><span style="font-family:Arial;font-size:10pt;">. ASU 2018-13 removes or modifies certain current disclosures, and requires additional disclosures. The changes are meant to provide more relevant information regarding valuation techniques and inputs used to arrive at measures of fair value, uncertainty in the fair value measurements, and how changes in fair value measurements impact an entity’s performance and cash flows. Certain disclosures in ASU 2018-13 will need to be applied on a retrospective basis and others on a prospective basis. Early adoption is permitted. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s related disclosures.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In August 2018, the FASB issued ASU 2018-15,</span><span style="font-family:Arial;font-size:10pt;font-style:italic;"> Intangibles-Goodwill and Other-Internal-Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract</span><span style="font-family:Arial;font-size:10pt;">, which aligns the accounting for costs to implement a cloud computing arrangement that is a service with the guidance on capitalizing costs for developing or obtaining internal-use software. The Company expects to apply the prospective approach upon adoption of the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Pronouncements</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases (Topic 842)</span><span style="font-family:Arial;font-size:10pt;">, which establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. The new standard also requires disclosures that provide additional information on recorded lease arrangements. In July 2018, the FASB issued ASU 2018-11, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases – Targeted Improvements,</span><span style="font-family:Arial;font-size:10pt;"> which provides an optional transition method that allows entities to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted the provisions of this guidance, including the optional transition method, on January 1, 2019. Operating lease assets and corresponding lease liabilities were recognized on the Company’s unaudited condensed consolidated statements of financial condition. There was no material impact to its consolidated statements of income. Refer to </span><span style="font-family:Arial;font-size:10pt;">Note 9</span><span style="font-family:Arial;font-size:10pt;">. </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Leases</span><span style="font-family:Arial;font-size:10pt;font-style:italic;">, </span><span style="font-family:Arial;font-size:10pt;">for additional disclosure and significant accounting policies affecting leases.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In June 2018, the FASB issued ASU 2018-07, </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Stock Compensation (Topic 718): Improvements to Non-employee</span><span style="font-family:Arial;font-size:10pt;"> </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Share-Based Payment Accounting, </span><span style="font-family:Arial;font-size:10pt;">which expands the scope of Topic 718 to include share-based payments granted to non-employees. Consistent with the requirement for employee share-based payment awards, non-employee share-based payment awards within the scope of Topic 718 will be measured at grant-date fair value of the equity instruments. The Company adopted the provisions of this guidance on January 1, 2019 and will no longer mark-to-market advisor and financial institution equity awards in the consolidated statements of income.</span></div> Revenues<div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Revenues are recognized when control of the promised services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Revenues are analyzed to determine whether the Company is the principal (i.e., reports revenues on a gross basis) or agent (i.e., reports revenues on a net basis) in the contract. Principal or agent designations depend primarily on the control an entity has over the product or service before control is transferred to a customer. The indicators of which party exercises control include primary responsibility over performance obligations, inventory risk before the good or service is transferred and discretion in establishing the price.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Commission Revenue</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Commission revenue represents sales commissions generated by advisors for their clients’ purchases and sales of securities on exchanges and over-the-counter, as well as purchases of other investment products. The Company views the selling, distribution and marketing, or any combination thereof, of investment products to such clients as a single performance obligation to the product sponsors.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company is the principal for commission revenue, as it is responsible for the execution of the clients’ purchases and sales, and maintains relationships with the product sponsors. Advisors assist the Company in performing its obligations. Accordingly, total commission revenues are reported on a gross basis.    </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table presents total commission revenue disaggregated by investment product category (in thousands):</span></div><div style="line-height:120%;padding-top:8px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Variable annuities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>202,131</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>201,075</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>586,421</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>597,613</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>148,672</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>155,579</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>438,714</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>470,665</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Alternative investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,467</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,331</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>17,526</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>18,602</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed annuities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>41,541</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>47,117</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>144,106</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>127,288</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,149</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,082</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,213</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,071</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed income</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,917</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>32,144</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>91,480</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>93,368</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Insurance</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>17,004</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>16,155</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>52,085</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>51,993</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Group annuities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,761</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,064</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26,030</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>27,576</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>351</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>328</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>912</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>595</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;padding-left:24px;text-indent:-12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total commission revenue</span><span style="font-family:Arial;font-size:9pt;">    </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>474,993</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>486,875</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,415,487</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,449,771</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company generates two types of commission revenue: sales-based commission revenue that is recognized at the point of sale on the trade date and trailing commission revenue that is recognized over time as earned. Sales-based commission revenue varies by investment product and is based on a percentage of an investment product’s current market value at the time of purchase. Trailing commission revenue is generally based on a percentage of the current market value of clients’ investment holdings in trail-eligible assets, and is recognized over the period during which services, such as ongoing support, are performed. As trailing commission revenue is based on the market value of clients’ investment holdings, the consideration is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts. The constraint is removed once the investment holdings value can be determined.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table presents sales-based and trailing commission revenues disaggregated by product category (in thousands):</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Sales-based</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Variable annuities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>59,948</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>57,491</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>168,234</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>168,487</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>36,358</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>33,319</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>109,084</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,910</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Alternative investments</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,009</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,822</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,976</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,457</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed annuities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>34,309</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>40,040</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>122,516</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,709</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,149</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,082</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,213</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,071</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>24,950</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>25,757</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>73,749</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>74,587</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Insurance</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,289</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>14,433</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>46,762</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>46,877</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Group annuities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>979</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,273</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,426</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,615</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>351</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>328</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>912</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>595</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;padding-left:18px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total sales-based revenue</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>194,342</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>193,545</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>588,872</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>577,308</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Trailing</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Variable annuities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>142,183</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>143,584</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>418,187</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>429,126</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>112,314</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>122,260</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>329,630</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>362,755</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Alternative investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,458</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,509</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>11,550</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,145</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed annuities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,232</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,077</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,590</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,579</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,967</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,387</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>17,731</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>18,781</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Insurance</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,715</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,722</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,323</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,116</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Group annuities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,782</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,791</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>22,604</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>23,961</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;padding-left:18px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total trailing revenue</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>280,651</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>293,330</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>826,615</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>872,463</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;padding-left:18px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total commission revenue</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>474,993</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>486,875</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,415,487</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,449,771</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Advisory Revenue</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Advisory revenue represents fees charged to advisors’ clients’ accounts on the Company’s corporate advisory platform. The Company provides ongoing investment advice and acts as a custodian, providing brokerage and execution services on transactions, and performs administrative services for these accounts. This series of performance obligations transfers control of the services to the client over time as the services are performed. This revenue is recognized ratably over time to match the continued delivery of the performance obligations to the client over the life of the contract. The advisory revenue generated from the Company’s corporate advisory platform is based on a percentage of the market value of the eligible assets in the clients’ advisory accounts. As such, the consideration for this revenue is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts on client portfolio values. The constraint is removed once the portfolio value can be determined.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company provides advisory services to clients on its corporate advisory platform through the advisor. The Company is the principal in these arrangements and recognizes advisory revenue on a gross basis, as the Company is responsible for satisfying the performance obligations, carries the inventory risk and has control over determining the fees. Advisors assist the Company in performing its obligations.</span></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Asset-Based Revenue</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Asset-based revenue is comprised of fees from the Company’s client cash programs, which consist of fees from its money market programs and insured cash sweep vehicles, sponsorship programs, and recordkeeping.</span></div><div style="line-height:174%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Client Cash Revenue</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Client cash revenues are generated based on advisors’ clients’ cash balances in insured sweep accounts at various banks and money market programs. The Company receives fees based on account type and invested balances for administration and recordkeeping. These fees are paid and recognized over time. </span></div><div style="line-height:174%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Sponsorship Programs</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company receives fees from product sponsors, primarily mutual fund and annuity companies, for marketing support and sales force education and training efforts. Compensation for these performance obligations is generally calculated as a fixed fee, as a percentage of the average annual amount of product sponsor assets held in advisors’ clients’ accounts, as a percentage of new sales, or a combination. As the value of product sponsor assets held in advisor’s clients’ accounts is susceptible to unpredictable market changes, this revenue includes variable consideration and is constrained until the date that the fees are determinable. The Company is the principal in these arrangements as it is responsible for and determines the level of servicing and marketing support it provides to the product sponsors.</span></div><div style="line-height:174%;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Recordkeeping</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company generates this revenue by providing recordkeeping, account maintenance, reporting and other related services to product sponsors. This includes revenue from omnibus processing in which the Company establishes and maintains sub-account records for its clients to reflect the purchase, exchange and redemption of mutual fund shares, and consolidates clients’ trades within a mutual fund. Omnibus processing fees are paid to the Company by the mutual fund or its affiliates and are based on the value of mutual fund assets in accounts for which the Company provides omnibus processing services and the number of accounts in which the related mutual fund positions are held. Recordkeeping revenue also includes revenues from networking recordkeeping services. Networking revenues on brokerage assets are correlated to the number of positions or value of assets that the Company administers and are paid by mutual fund and annuity product manufacturers. These recordkeeping revenues are recognized over time as the Company fulfills its performance obligations. As recordkeeping fees are susceptible to unpredictable market changes that influence market value and fund positions, these revenues include variable consideration and are constrained until the date that the fees are determinable, such as the last date of the contract period in which the market value of the respective product sponsor assets for the period is available.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Depending on the contract, the Company is both principal and agent for recordkeeping revenue. In instances in which the Company is providing services to financial product manufacturers on behalf of third parties and does not have ultimate control of the service before transfer to the customer, the Company is considered to be an agent and reports revenues on a net basis. In other cases, where the Company uses a sub-contractor to provide services and is responsible for unperformed services, the Company is considered principal and reports revenues on a gross basis.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table sets forth asset-based revenue at a disaggregated level (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:57%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Asset-based revenue</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Client cash</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>162,517</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>127,174</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>497,471</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>352,644</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Sponsorship programs</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,861</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,065</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>187,417</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>168,074</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Recordkeeping</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>66,762</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>63,656</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>192,166</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>186,116</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:22px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total asset-based revenue</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>292,140</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>248,895</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>877,054</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>706,834</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Transaction and Fee Revenue</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Transaction revenue primarily includes fees the Company charges to advisors and their clients for executing certain transactions in brokerage and fee-based advisory accounts. Transaction revenue is recognized at the point-in-time that a transaction is executed, which is generally the trade-date. Fee revenue may be generated from advisors or their clients. Fee revenues primarily include IRA custodian fees, contract and licensing fees, and other client account fees. In addition, the Company hosts certain advisor conferences that serve as training, education, sales, and marketing events, for which a fee is charged for attendance. Fee revenue is recognized when the Company satisfies its performance obligations. Recognition varies from point-in-time to over time depending on whether the service is provided once at an identifiable point-in-time or if the service is provided continually over the contract life.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table sets forth transaction and fee revenue disaggregated by recognition pattern (in thousands):</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Transaction and Fee Revenue</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Point-in-time</span><span style="font-family:Arial;font-size:9pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>57,038</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>57,675</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163,934</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>165,768</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Over time</span><span style="font-family:Arial;font-size:9pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(2)</sub></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>64,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>61,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>198,103</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>186,277</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:22px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total transaction and fee revenue</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>121,222</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>118,941</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>362,037</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>352,045</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:4pt;"><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Transaction and fee revenue recognized point-in-time includes revenue such as transaction fees, IRA termination fees, and conference service fees.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(2)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Transaction and fee revenue recognized over time includes revenue such as error and omission insurance fees, IRA custodian fees, and licensing fees.</span></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company is the principal and recognizes transaction and fee revenue on a gross basis as it is primarily responsible for delivering the respective services being provided, which is demonstrated by the Company’s ability to control the fee amounts charged to customers.</span></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Interest Income, Net of Interest Expense</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company earns interest income from client margin accounts and cash equivalents, less interest expense on related transactions. This revenue is not generated from contracts with customers. Interest expense incurred in connection with cash equivalents and client margin balances is completely offset by revenue on related transactions; therefore, the Company considers such interest to be an operating expense. Interest expense from operations for each of the three and nine months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;"> was not material.</span></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Other Revenue</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Other revenue primarily includes mark-to-market gains and losses on assets held by the Company for its advisor non-qualified deferred compensation plan and model research portfolios, marketing allowances received from certain financial product manufacturers, primarily those who offer alternative investments, such as non-traded real estate investment trusts and business development companies, and other miscellaneous revenues. These revenues are not generated from contracts with customers.</span></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Arrangement with Multiple Performance Obligations</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s contracts with customers may include multiple performance obligations. Contracts with customers that include multiple performance obligations have performance obligations that follow the same revenue recognition pattern and are recorded in the same financial statement line item.</span></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Unearned Revenue</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company records unearned revenue when cash payments are received or due in advance of the Company’s performance obligations, including amounts which are refundable. The increase in the unearned revenue balance for the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> is primarily driven by cash payments received or due in advance of satisfying the Company’s performance obligations, offset by </span><span style="font-family:Arial;font-size:10pt;"><span>$78.9 million</span></span><span style="font-family:Arial;font-size:10pt;"> of revenues recognized that were included in the unearned revenue balance as of </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company receives cash revenues for advisory services not yet performed and conferences not yet held. For advisory services, revenue is recognized as the Company provides the administration, brokerage and execution services over time to satisfy the performance obligations. For conference revenue, the Company recognizes revenue as the conferences are held.</span></div> <div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table presents total commission revenue disaggregated by investment product category (in thousands):</span></div><div style="line-height:120%;padding-top:8px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Variable annuities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>202,131</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>201,075</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>586,421</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>597,613</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>148,672</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>155,579</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>438,714</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>470,665</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Alternative investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,467</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,331</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>17,526</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>18,602</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed annuities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>41,541</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>47,117</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>144,106</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>127,288</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,149</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,082</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,213</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,071</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed income</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,917</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>32,144</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>91,480</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>93,368</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Insurance</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>17,004</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>16,155</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>52,085</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>51,993</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Group annuities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,761</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,064</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26,030</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>27,576</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>351</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>328</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>912</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>595</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;padding-left:24px;text-indent:-12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total commission revenue</span><span style="font-family:Arial;font-size:9pt;">    </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>474,993</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>486,875</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,415,487</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,449,771</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 202131000 201075000 586421000 597613000 148672000 155579000 438714000 470665000 5467000 6331000 17526000 18602000 41541000 47117000 144106000 127288000 20149000 19082000 58213000 62071000 30917000 32144000 91480000 93368000 17004000 16155000 52085000 51993000 8761000 9064000 26030000 27576000 351000 328000 912000 595000 474993000 486875000 1415487000 1449771000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table presents sales-based and trailing commission revenues disaggregated by product category (in thousands):</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Sales-based</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Variable annuities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>59,948</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>57,491</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>168,234</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>168,487</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>36,358</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>33,319</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>109,084</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,910</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Alternative investments</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,009</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,822</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,976</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,457</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed annuities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>34,309</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>40,040</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>122,516</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,709</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,149</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,082</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,213</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,071</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>24,950</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>25,757</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>73,749</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>74,587</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Insurance</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,289</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>14,433</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>46,762</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>46,877</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Group annuities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>979</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,273</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,426</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,615</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>351</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>328</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>912</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>595</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;padding-left:18px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total sales-based revenue</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>194,342</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>193,545</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>588,872</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>577,308</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Trailing</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Variable annuities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>142,183</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>143,584</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>418,187</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>429,126</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>112,314</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>122,260</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>329,630</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>362,755</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Alternative investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,458</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,509</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>11,550</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,145</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed annuities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,232</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,077</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,590</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,579</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fixed income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,967</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,387</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>17,731</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>18,781</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Insurance</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,715</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,722</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,323</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,116</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Group annuities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,782</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,791</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>22,604</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>23,961</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;padding-left:18px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total trailing revenue</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>280,651</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>293,330</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>826,615</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>872,463</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:left;padding-left:18px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total commission revenue</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>474,993</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>486,875</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,415,487</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,449,771</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 59948000 57491000 168234000 168487000 36358000 33319000 109084000 107910000 2009000 1822000 5976000 5457000 34309000 40040000 122516000 107709000 20149000 19082000 58213000 62071000 24950000 25757000 73749000 74587000 15289000 14433000 46762000 46877000 979000 1273000 3426000 3615000 351000 328000 912000 595000 194342000 193545000 588872000 577308000 142183000 143584000 418187000 429126000 112314000 122260000 329630000 362755000 3458000 4509000 11550000 13145000 7232000 7077000 21590000 19579000 5967000 6387000 17731000 18781000 1715000 1722000 5323000 5116000 7782000 7791000 22604000 23961000 280651000 293330000 826615000 872463000 474993000 486875000 1415487000 1449771000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table sets forth asset-based revenue at a disaggregated level (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:57%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Asset-based revenue</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Client cash</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>162,517</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>127,174</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>497,471</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>352,644</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Sponsorship programs</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,861</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,065</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>187,417</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>168,074</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Recordkeeping</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>66,762</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>63,656</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>192,166</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>186,116</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:22px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total asset-based revenue</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>292,140</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>248,895</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>877,054</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>706,834</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 162517000 127174000 497471000 352644000 62861000 58065000 187417000 168074000 66762000 63656000 192166000 186116000 292140000 248895000 877054000 706834000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table sets forth transaction and fee revenue disaggregated by recognition pattern (in thousands):</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Transaction and Fee Revenue</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Point-in-time</span><span style="font-family:Arial;font-size:9pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>57,038</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>57,675</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163,934</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>165,768</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Over time</span><span style="font-family:Arial;font-size:9pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(2)</sub></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>64,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>61,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>198,103</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>186,277</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:22px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:6px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total transaction and fee revenue</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>121,222</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>118,941</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>362,037</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>352,045</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:4pt;"><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Transaction and fee revenue recognized point-in-time includes revenue such as transaction fees, IRA termination fees, and conference service fees.</span></div></td></tr></table><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(2)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Transaction and fee revenue recognized over time includes revenue such as error and omission insurance fees, IRA custodian fees, and licensing fees.</span></div> 57038000 57675000 163934000 165768000 64184000 61266000 198103000 186277000 121222000 118941000 362037000 352045000 78900000 Acquisitions<span style="font-family:Arial;font-size:10pt;">On </span><span style="font-family:Arial;font-size:10pt;"><span><span style="white-space:nowrap">August 1, 2019</span></span></span><span style="font-family:Arial;font-size:10pt;">, the Company acquired all of the outstanding equity interests of Allen &amp; Company. Under the transaction structure, Allen &amp; Company advisors and staff joined as employees of the Company and Allen &amp; Company will maintain its operations and brand. The Company paid approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$25 million</span></span><span style="font-family:Arial;font-size:10pt;"> at closing and also agreed to a potential contingent payment of up to </span><span style="font-family:Arial;font-size:10pt;"><span>$10 million</span></span><span style="font-family:Arial;font-size:10pt;"> (“Contingent Payment”), payable approximately six months after the closing date based on the percentage of assets retained by Allen &amp; Company advisors. The fair value of the Contingent Payment is included in accounts payable and accrued liabilities on the unaudited condensed consolidated statements of financial condition. See </span><span style="font-family:Arial;font-size:10pt;">Note 5</span><span style="font-family:Arial;font-size:10pt;font-style:italic;">. </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Fair Value Measurements</span>, for additional information. 2019-08-01 25000000 10000000 Fair Value Measurements<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:38px;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"/><span style="font-family:Arial;font-size:10pt;font-style:italic;">Level 1</span><span style="font-family:Arial;font-size:10pt;"> — Quoted prices in active markets for identical assets or liabilities.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:38px;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"/><span style="font-family:Arial;font-size:10pt;font-style:italic;">Level 2</span><span style="font-family:Arial;font-size:10pt;"> — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:38px;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"/><span style="font-family:Arial;font-size:10pt;font-style:italic;">Level 3</span><span style="font-family:Arial;font-size:10pt;"> — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">There were no transfers of assets or liabilities between these fair value measurement classifications during the </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">. </span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s fair value measurements are evaluated within the fair value hierarchy, based on the nature of inputs used to determine the fair value at the measurement date. At </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the Company had the following financial assets and liabilities that are measured at fair value on a recurring basis:</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Cash Equivalents</span><span style="font-family:Arial;font-size:10pt;"> — The Company’s cash equivalents include money market funds, which are short term in nature with readily determinable values derived from active markets.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Securities Owned and Securities Sold, But Not Yet Purchased</span><span style="font-family:Arial;font-size:10pt;"> — The Company’s trading securities consist of house account model portfolios established and managed for the purpose of benchmarking the performance of its fee-based advisory platforms and temporary positions resulting from the processing of client transactions. Examples of these securities include money market funds, U.S. treasury obligations, mutual funds, certificates of deposit, and traded equity and debt securities.</span></div><div style="line-height:120%;padding-top:8px;padding-left:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company uses prices obtained from independent third-party pricing services to measure the fair value of its trading securities. Prices received from the pricing services are validated using various methods including comparison to prices received from additional pricing services, comparison to available quoted market prices, and review of other relevant market data including implied yields of major categories of securities. In general, these quoted prices are derived from active markets for identical assets or liabilities. When quoted prices in active markets for identical assets and liabilities are not available, the quoted prices are based on similar assets and liabilities or inputs other than the quoted prices that are observable, either directly or indirectly. For certificates of deposit and treasury securities, the Company utilizes market-based inputs, including observable market interest rates that correspond to the remaining maturities or the next interest reset dates. At </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the Company did not adjust prices received from the independent third-party pricing services.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Other Assets</span><span style="font-family:Arial;font-size:10pt;"> — The Company’s other assets include: (1) deferred compensation plan assets that are invested in money market and other mutual funds, which are actively traded and valued based on quoted market prices; and (2) certain non-traded real estate investment trusts and auction rate notes, which are valued using quoted prices for identical or similar securities and other inputs that are observable or can be corroborated by observable market data.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Accounts Payable and Accrued Liabilities</span><span style="font-family:Arial;font-size:10pt;"> — The Company’s accounts payable and accrued liabilities include contingent consideration liabilities that are measured using Level 3 inputs.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">Level 3 Recurring Fair Value Measurements</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company determines the fair value for its contingent consideration obligations using a scenario based approach whereby the Company assesses the expected retention percentage of the acquired assets under management. The contingent payment is estimated by applying a discount rate to the expected payment to calculate the fair value as of the valuation date. The Company’s management evaluates the underlying projections and other related factors used in determining fair value each period and makes updates when there have been significant changes in management’s expectations.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> (in thousands):</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Assets</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>37,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>37,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities owned — trading:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Money market funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>103</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>103</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,666</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,666</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>530</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>530</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>126</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>126</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. treasury obligations</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,349</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,349</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities owned — trading</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>32,648</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>32,774</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>238,939</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>10,749</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>249,688</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total assets at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>309,232</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>10,875</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>320,107</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities sold, but not yet purchased:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities sold, but not yet purchased</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>206</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Accounts payable and accrued liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,031</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,031</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total liabilities at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,031</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,237</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;"> (in thousands):</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Assets</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26,657</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26,657</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities owned — trading:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Money market funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>194</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>194</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,434</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,434</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,931</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,931</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. treasury obligations</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities owned — trading</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>29,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>29,267</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>181,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,420</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>191,394</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total assets at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>237,897</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,421</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>247,318</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities sold, but not yet purchased:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities sold, but not yet purchased</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>169</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total liabilities at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>169</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> (in thousands):</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Assets</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>37,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>37,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities owned — trading:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Money market funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>103</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>103</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,666</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,666</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>530</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>530</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>126</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>126</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. treasury obligations</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,349</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,349</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities owned — trading</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>32,648</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>32,774</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>238,939</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>10,749</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>249,688</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total assets at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>309,232</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>10,875</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>320,107</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities sold, but not yet purchased:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities sold, but not yet purchased</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>206</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Accounts payable and accrued liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,031</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,031</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total liabilities at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,031</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,237</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes the Company’s financial assets and financial liabilities measured at fair value on a recurring basis at </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;"> (in thousands):</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Assets</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26,657</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26,657</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities owned — trading:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Money market funds</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>194</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>194</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Mutual funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,434</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,434</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,931</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,931</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. treasury obligations</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities owned — trading</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>29,266</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>29,267</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>181,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,420</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>191,394</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total assets at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>237,897</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,421</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>247,318</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Securities sold, but not yet purchased:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Equity securities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Debt securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total securities sold, but not yet purchased</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>169</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total liabilities at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>163</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>169</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 37645000 0 0 37645000 103000 0 0 103000 12666000 0 0 12666000 530000 0 0 530000 0 126000 0 126000 19349000 0 0 19349000 32648000 126000 0 32774000 238939000 10749000 0 249688000 309232000 10875000 0 320107000 89000 0 0 89000 0 117000 0 117000 89000 117000 0 206000 0 0 9031000 9031000 89000 117000 9031000 9237000 26657000 0 0 26657000 194000 0 0 194000 7434000 0 0 7434000 1931000 0 0 1931000 0 1000 0 1000 19707000 0 0 19707000 29266000 1000 0 29267000 181974000 9420000 0 191394000 237897000 9421000 0 247318000 163000 0 0 163000 0 6000 0 6000 163000 6000 0 169000 163000 6000 0 169000 Held-to-Maturity Securities<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company holds certain investments in securities, primarily U.S. government notes, which are recorded at amortized cost because the Company has both the intent and the ability to hold these investments to maturity. Interest income is accrued as earned. Premiums and discounts are amortized using a method that approximates the effective yield method over the term of the security and are recorded as an adjustment to the investment yield.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:4px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:67%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">September 30, <br/>2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">December 31, <br/>2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amortized cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,043</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,001</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Gross unrealized gain (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>82</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(56</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,125</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,945</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">At </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the securities held-to-maturity were scheduled to mature as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Within one year</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">After one but within five years</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">After five but within ten years</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. government notes — at amortized cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,079</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,964</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,043</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. government notes — at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,086</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,039</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,125</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:4px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:67%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">September 30, <br/>2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">December 31, <br/>2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amortized cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,043</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,001</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Gross unrealized gain (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>82</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(56</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,125</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,945</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 13043000 13001000 82000 56000 13125000 12945000 <div style="line-height:120%;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">At </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the securities held-to-maturity were scheduled to mature as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Within one year</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">After one but within five years</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">After five but within ten years</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. government notes — at amortized cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,079</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,964</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,043</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">U.S. government notes — at fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,086</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,039</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,125</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 5079000 7964000 0 13043000 5086000 8039000 0 13125000 Goodwill and Other Intangible Assets<div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">A summary of the activity in goodwill is presented below (in thousands):</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:88%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,427,769</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Goodwill acquired</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,478</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,490,247</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Goodwill acquired</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,432</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Balance at September 30, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,502,679</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:4pt;"><span style="font-family:Arial;font-size:4pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The components of intangible assets were as follows at </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> (dollars in thousands):</span><span style="font-family:Arial;font-size:8pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:48%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average Life </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(in years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Gross</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Accumulated </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Amortization</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Net</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Definite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Advisor and financial institution relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6.3</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>651,642</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(353,142</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>298,500</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Product sponsor relationships</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6.4</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>234,086</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(158,458</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>75,628</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Client relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.0</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>42,234</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(14,369</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>27,865</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Technology</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.3</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,510</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(1,163</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>14,347</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trade names</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2.6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(890</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>310</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total definite-lived intangible assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>944,672</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(528,022</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>416,650</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Indefinite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trademark and trade name</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39,819</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total intangible assets</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>456,469</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The components of intangible assets were as follows at </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;"> (dollars in thousands):</span><span style="font-family:Arial;font-size:8pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:48%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average Life </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(in years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Gross</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Accumulated </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Amortization</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Net</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Definite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Advisor and financial institution relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>651,642</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(316,153</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>335,489</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Product sponsor relationships</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.1</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>234,086</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(149,525</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>84,561</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Client relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.0</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,233</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(12,841</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,392</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Technology</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>10.0</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,510</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,510</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trade names</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3.3</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(800</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>400</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total definite-lived intangible assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>923,671</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(479,319</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>444,352</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Indefinite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trademark and trade name</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39,819</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total intangible assets</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>484,171</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Total amortization of intangible assets was </span><span style="font-family:Arial;font-size:10pt;"><span>$16.3 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$15.7 million</span></span><span style="font-family:Arial;font-size:10pt;"> for the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$48.7 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$44.6 million</span></span><span style="font-family:Arial;font-size:10pt;"> for the nine months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. Future amortization expense is estimated as follows (in thousands):</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:87%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019 - remainder</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>16,631</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>66,139</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65,982</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65,182</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>61,086</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>141,630</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>416,650</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">A summary of the activity in goodwill is presented below (in thousands):</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:88%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,427,769</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Goodwill acquired</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>62,478</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,490,247</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Goodwill acquired</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>12,432</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Balance at September 30, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,502,679</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:4pt;"><span style="font-family:Arial;font-size:4pt;"><br/></span></div> 1427769000 62478000 1490247000 12432000 1502679000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The components of intangible assets were as follows at </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> (dollars in thousands):</span><span style="font-family:Arial;font-size:8pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:48%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average Life </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(in years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Gross</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Accumulated </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Amortization</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Net</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Definite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Advisor and financial institution relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6.3</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>651,642</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(353,142</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>298,500</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Product sponsor relationships</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6.4</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>234,086</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(158,458</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>75,628</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Client relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.0</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>42,234</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(14,369</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>27,865</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Technology</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.3</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,510</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(1,163</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>14,347</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trade names</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2.6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(890</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>310</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total definite-lived intangible assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>944,672</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(528,022</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>416,650</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Indefinite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trademark and trade name</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39,819</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total intangible assets</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>456,469</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The components of intangible assets were as follows at </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;"> (dollars in thousands):</span><span style="font-family:Arial;font-size:8pt;"> </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:48%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average Life </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(in years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Gross</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Accumulated </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Amortization</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Net</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;"> Carrying </span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Definite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Advisor and financial institution relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>651,642</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(316,153</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>335,489</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Product sponsor relationships</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.1</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>234,086</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(149,525</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>84,561</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Client relationships</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.0</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,233</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(12,841</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,392</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Technology</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>10.0</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,510</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>15,510</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trade names</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3.3</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(800</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>400</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total definite-lived intangible assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>923,671</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(479,319</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>444,352</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Indefinite-lived intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Trademark and trade name</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39,819</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total intangible assets</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>484,171</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> P6Y3M18D 651642000 353142000 298500000 P6Y4M24D 234086000 158458000 75628000 P9Y 42234000 14369000 27865000 P9Y3M18D 15510000 1163000 14347000 P2Y7M6D 1200000 890000 310000 944672000 528022000 416650000 39819000 456469000 P7Y1M6D 651642000 316153000 335489000 P7Y1M6D 234086000 149525000 84561000 P7Y 21233000 12841000 8392000 P10Y 15510000 0 15510000 P3Y3M18D 1200000 800000 400000 923671000 479319000 444352000 39819000 484171000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Total amortization of intangible assets was </span><span style="font-family:Arial;font-size:10pt;"><span>$16.3 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$15.7 million</span></span><span style="font-family:Arial;font-size:10pt;"> for the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$48.7 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$44.6 million</span></span><span style="font-family:Arial;font-size:10pt;"> for the nine months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. Future amortization expense is estimated as follows (in thousands):</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:87%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019 - remainder</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>16,631</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>66,139</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65,982</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65,182</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>61,086</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>141,630</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>416,650</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 16300000 15700000 48700000 44600000 16631000 66139000 65982000 65182000 61086000 141630000 416650000 Debt<div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s outstanding borrowings were as follows (dollars in thousands): </span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.22027290448344%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:23%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:9%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">September 30, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Long-Term Borrowings</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;"> </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Balance</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Applicable </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Margin</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Interest Rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;"> </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Balance</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Applicable </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Margin</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Interest rate</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Maturity</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Revolving Credit Facility</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+125bps</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+125bps</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:5px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">9/21/2022</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Senior Secured Term Loan B</span><span style="font-family:Arial;font-size:8pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:5pt">(1)</sub></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>1,470,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+225 bps</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>4.30</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>1,481,250</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+225 bps</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>4.73</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:5px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">9/21/2024</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Senior Unsecured Notes</span><span style="font-family:Arial;font-size:8pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:5pt">(1)(2)</sub></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>900,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Fixed Rate</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>5.75</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>900,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Fixed Rate</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>5.75</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:5px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">9/15/2025</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:18px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Total long-term borrowings</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,370,000</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,381,250</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Plus: Unamortized Premium</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>8,958</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>10,083</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Less: Unamortized Debt Issuance Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>(18,740</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>(19,525</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:5px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Net Carrying Value</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,360,218</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,371,808</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">No leverage or interest coverage maintenance covenants.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(2)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">The Senior Unsecured Notes were issued in two separate transactions: </span><span style="font-family:Arial;font-size:9pt;"><span>$500.0 million</span></span><span style="font-family:Arial;font-size:9pt;"> in original notes were issued in March 2017 at par; </span><span style="font-family:Arial;font-size:9pt;"><span>$400.0 million</span></span><span style="font-family:Arial;font-size:9pt;"> in additional notes were issued in September 2017 and priced at </span><span style="font-family:Arial;font-size:9pt;"><span>103.0%</span></span><span style="font-family:Arial;font-size:9pt;"> of the aggregate principal amount. </span></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company is required to make quarterly payments on the Term Loan B facility equal to </span><span style="font-family:Arial;font-size:10pt;"><span>0.25%</span></span><span style="font-family:Arial;font-size:10pt;"> of the original principal amount of the loans under the Term Loan B facility. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Borrowings under the Term Loan B facility bear interest at a rate per annum of </span><span style="font-family:Arial;font-size:10pt;">225 basis points</span><span style="font-family:Arial;font-size:10pt;"> over the Eurodollar Rate or </span><span style="font-family:Arial;font-size:10pt;">125 basis points</span><span style="font-family:Arial;font-size:10pt;"> over the base rate (as defined in the Credit Agreement), and have no leverage or interest coverage maintenance covenants. Borrowings under the revolving credit facility bear interest at a rate per annum ranging from </span><span style="font-family:Arial;font-size:10pt;">125</span><span style="font-family:Arial;font-size:10pt;"> to </span><span style="font-family:Arial;font-size:10pt;">175</span><span style="font-family:Arial;font-size:10pt;"> basis points over the Eurodollar Rate or </span><span style="font-family:Arial;font-size:10pt;">25</span><span style="font-family:Arial;font-size:10pt;"> to </span><span style="font-family:Arial;font-size:10pt;">75</span><span style="font-family:Arial;font-size:10pt;"> basis points over the base rate, depending on the Consolidated Secured Debt to Consolidated EBITDA Ratio (as defined in the Credit Agreement). The Eurodollar Rate option is the one-, two-, three-, or six-month LIBOR rate, as selected by LPLH, or, with the approval of the applicable lenders, twelve-month LIBOR rate or the LIBOR rate for another period acceptable to the Administrative Agent (including a shorter period). </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the Company had </span><span style="font-family:Arial;font-size:10pt;"><span>$3.7 million</span></span><span style="font-family:Arial;font-size:10pt;"> of irrevocable letters of credit, with an applicable interest rate margin of </span><span style="font-family:Arial;font-size:10pt;"><span>1.25%</span></span><span style="font-family:Arial;font-size:10pt;">, which were supported by the credit facility. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Credit Agreement subjects the Company to certain financial and non-financial covenants. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the Company was in compliance with such covenants. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Broker-Dealer Credit Facility</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">On July 31, 2019, LPL Financial, the Company’s registered broker-dealer, entered into a five year, committed, unsecured revolving credit facility, that matures on July 31, 2024 and allows for a maximum borrowing of up to </span><span style="font-family:Arial;font-size:10pt;"><span>$300.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> (the “LPL Financial Credit Facility”). LPL Financial incurred approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$1.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> in debt issuance costs. Borrowings under the LPL Financial Credit Facility bear interest at a rate per annum ranging from </span><span style="font-family:Arial;font-size:10pt;">112.5</span><span style="font-family:Arial;font-size:10pt;"> to </span><span style="font-family:Arial;font-size:10pt;">137.5</span><span style="font-family:Arial;font-size:10pt;"> basis points over the Federal Funds Rate or Eurodollar Rate, depending on the Parent Leverage Ratio (each as defined in the credit agreement related to the LPL Financial Credit Facility). The credit agreement to the LPL Financial Credit Facility subjects LPL Financial to certain financial and non-financial covenants. LPL Financial was in compliance with such covenants and there were </span><span style="font-family:Arial;font-size:10pt;"><span>no</span></span><span style="font-family:Arial;font-size:10pt;"> borrowings outstanding on this credit facility, as of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Bank Loans Payable</span></div><span style="font-family:Arial;font-size:10pt;">The Company maintained </span><span style="font-family:Arial;font-size:10pt;"><span>three</span></span><span style="font-family:Arial;font-size:10pt;"> uncommitted lines of credit as of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">. </span><span style="font-family:Arial;font-size:10pt;"><span>Two</span></span><span style="font-family:Arial;font-size:10pt;"> of the lines have unspecified limits, which are primarily dependent on the Company’s ability to provide sufficient collateral. The third line has a </span><span style="font-family:Arial;font-size:10pt;"><span>$150.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> limit and allows for both collateralized and uncollateralized borrowings. The Company drew </span><span style="font-family:Arial;font-size:10pt;"><span>$2.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> on one of the lines of credit at an interest rate of </span><span style="font-family:Arial;font-size:10pt;"><span>3.55%</span></span><span style="font-family:Arial;font-size:10pt;"> during the </span><span style="font-family:Arial;font-size:10pt;">three</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and drew a total of </span><span style="font-family:Arial;font-size:10pt;"><span>$227.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> at a weighted average interest rate of </span><span style="font-family:Arial;font-size:10pt;"><span>3.98%</span></span><span style="font-family:Arial;font-size:10pt;"> on those three lines of credit during the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">. There were </span><span style="font-family:Arial;font-size:10pt;"><span>no</span></span><span style="font-family:Arial;font-size:10pt;"> balances outstanding at </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> or </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span>. <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s outstanding borrowings were as follows (dollars in thousands): </span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.22027290448344%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:23%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:6%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/><td style="width:9%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">September 30, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Long-Term Borrowings</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;"> </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Balance</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Applicable </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Margin</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Interest Rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;"> </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Balance</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Applicable </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Margin</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Interest rate</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;font-weight:bold;">Maturity</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Revolving Credit Facility</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+125bps</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+125bps</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:5px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">9/21/2022</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Senior Secured Term Loan B</span><span style="font-family:Arial;font-size:8pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:5pt">(1)</sub></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>1,470,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+225 bps</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>4.30</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>1,481,250</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">LIBOR+225 bps</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>4.73</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:5px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">9/21/2024</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Senior Unsecured Notes</span><span style="font-family:Arial;font-size:8pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:5pt">(1)(2)</sub></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>900,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Fixed Rate</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>5.75</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>900,000</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Fixed Rate</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>5.75</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:5px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">9/15/2025</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:18px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Total long-term borrowings</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,370,000</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,381,250</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Plus: Unamortized Premium</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>8,958</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>10,083</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Less: Unamortized Debt Issuance Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>(18,740</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>(19,525</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:5px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">Net Carrying Value</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,360,218</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><span>2,371,808</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">No leverage or interest coverage maintenance covenants.</span></div></td></tr></table><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(2)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">The Senior Unsecured Notes were issued in two separate transactions: </span><span style="font-family:Arial;font-size:9pt;"><span>$500.0 million</span></span><span style="font-family:Arial;font-size:9pt;"> in original notes were issued in March 2017 at par; </span><span style="font-family:Arial;font-size:9pt;"><span>$400.0 million</span></span><span style="font-family:Arial;font-size:9pt;"> in additional notes were issued in September 2017 and priced at </span><span style="font-family:Arial;font-size:9pt;"><span>103.0%</span></span><span style="font-family:Arial;font-size:9pt;"> of the aggregate principal amount. </span></div> 0 0 0 0 1470000000 0.0430 1481250000 0.0473 900000000 0.0575 900000000 0.0575 2370000000 2381250000 8958000 10083000 18740000 19525000 2360218000 2371808000 500000000.0 400000000.0 1.030 0.0025 3700000 0.0125 300000000.0 1500000 0 3 2 150000000.0 2000000.0 0.0355 227000000.0 0.0398 0 Leases<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Adoption of ASC Topic 842, Leases</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;"/><span style="font-family:Arial;font-size:10pt;">On January 1, 2019, the Company adopted ASC Topic 842, Leases (“Topic 842”). Results for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting guidance, ASC Topic 840.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company previously recorded a build-to-suit related asset and liability for a lease in Fort Mill, South Carolina. The asset and liability were derecognized and reevaluated as a result of the adoption. The Fort Mill lease was determined to be a finance lease under Topic 842 and the changes in values from the derecognition and reevaluation were recorded to retained earnings under cumulative effect of accounting change in the unaudited condensed consolidated statements of stockholders’ equity.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Lease Recognition</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company determines if an arrangement is a lease or contains a lease at inception. The Company has operating and finance leases for corporate offices and equipment with remaining lease terms of </span><span style="font-family:Arial;font-size:10pt;"><span>3</span></span><span style="font-family:Arial;font-size:10pt;"> years to </span><span style="font-family:Arial;font-size:10pt;"><span>17</span></span><span style="font-family:Arial;font-size:10pt;"> years, some of which include options to extend the lease for up to </span><span style="font-family:Arial;font-size:10pt;"><span>20</span></span><span style="font-family:Arial;font-size:10pt;"> years. For leases with renewal options, the lease term is extended to reflect renewal options the Company is reasonably certain to exercise. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Operating lease assets and operating lease liabilities are recognized based on the present value of the future lease payments over the lease term at the commencement date. As most of the Company’s leases do not provide an implicit rate, the Company estimates its incremental borrowing rate based on information available at the commencement date in determining the present value of future payments. Lease expense for net present value of payments is recognized on a straight-line basis over the lease term.</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Finance lease assets are included in fixed assets in the unaudited condensed consolidated statements of financial condition and at </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> were </span><span style="font-family:Arial;font-size:10pt;"><span>$107.2 million</span></span><span style="font-family:Arial;font-size:10pt;">.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The components of lease expense were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:61%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating lease cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,219</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance lease cost:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amortization of right-of-use assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,164</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,493</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Interest on lease liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,095</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,279</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total finance lease cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,259</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,772</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Supplemental cash flow information related to leases was as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:80%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Cash paid for amounts included in the measurement of lease liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating cash flows from operating leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>14,270</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating cash flows from finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,279</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Financing cash flows from finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>648</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Supplemental weighted average information related to leases was as follows:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:82%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">September 30, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Weighted-average remaining lease term (years):</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26.7</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating leases</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.4</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Weighted-average discount rate:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance leases</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.80</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.27</span></span></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">Maturities of lease liabilities as of </span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;"> were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:61%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Operating Leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Finance Leases</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019 - remainder</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,923</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,018</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,552</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,227</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,429</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,706</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,576</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>114,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>242,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total lease payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>202,218</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>279,700</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Less imputed interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>172,516</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>144,194</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:81%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,010</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,731</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,590</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>31,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,265</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>239,118</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span><span style="font-family:Arial;font-size:9pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>391,952</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amounts above exclude </span><span style="font-family:Arial;font-size:9pt;"><span>$75.7</span></span><span style="font-family:Arial;font-size:9pt;"> million related to non-lease commitments from the schedule included in </span><span style="font-family:Arial;font-size:9pt;">Note 13</span><span style="font-family:Arial;font-size:9pt;font-style:italic;">. </span><span style="font-family:Arial;font-size:9pt;font-style:italic;">Commitments and Contingencies</span><span style="font-family:Arial;font-size:9pt;">, in the Company’s audited consolidated financial statements and the related notes in the 2018 Annual Report on Form 10-K.</span></div> Leases<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Adoption of ASC Topic 842, Leases</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;"/><span style="font-family:Arial;font-size:10pt;">On January 1, 2019, the Company adopted ASC Topic 842, Leases (“Topic 842”). Results for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting guidance, ASC Topic 840.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company previously recorded a build-to-suit related asset and liability for a lease in Fort Mill, South Carolina. The asset and liability were derecognized and reevaluated as a result of the adoption. The Fort Mill lease was determined to be a finance lease under Topic 842 and the changes in values from the derecognition and reevaluation were recorded to retained earnings under cumulative effect of accounting change in the unaudited condensed consolidated statements of stockholders’ equity.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Lease Recognition</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company determines if an arrangement is a lease or contains a lease at inception. The Company has operating and finance leases for corporate offices and equipment with remaining lease terms of </span><span style="font-family:Arial;font-size:10pt;"><span>3</span></span><span style="font-family:Arial;font-size:10pt;"> years to </span><span style="font-family:Arial;font-size:10pt;"><span>17</span></span><span style="font-family:Arial;font-size:10pt;"> years, some of which include options to extend the lease for up to </span><span style="font-family:Arial;font-size:10pt;"><span>20</span></span><span style="font-family:Arial;font-size:10pt;"> years. For leases with renewal options, the lease term is extended to reflect renewal options the Company is reasonably certain to exercise. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Operating lease assets and operating lease liabilities are recognized based on the present value of the future lease payments over the lease term at the commencement date. As most of the Company’s leases do not provide an implicit rate, the Company estimates its incremental borrowing rate based on information available at the commencement date in determining the present value of future payments. Lease expense for net present value of payments is recognized on a straight-line basis over the lease term.</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Finance lease assets are included in fixed assets in the unaudited condensed consolidated statements of financial condition and at </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> were </span><span style="font-family:Arial;font-size:10pt;"><span>$107.2 million</span></span><span style="font-family:Arial;font-size:10pt;">.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The components of lease expense were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:61%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating lease cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,219</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance lease cost:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amortization of right-of-use assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,164</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,493</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Interest on lease liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,095</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,279</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total finance lease cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,259</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,772</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Supplemental cash flow information related to leases was as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:80%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Cash paid for amounts included in the measurement of lease liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating cash flows from operating leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>14,270</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating cash flows from finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,279</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Financing cash flows from finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>648</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Supplemental weighted average information related to leases was as follows:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:82%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">September 30, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Weighted-average remaining lease term (years):</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26.7</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating leases</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.4</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Weighted-average discount rate:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance leases</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.80</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.27</span></span></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">Maturities of lease liabilities as of </span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;"> were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:61%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Operating Leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Finance Leases</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019 - remainder</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,923</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,018</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,552</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,227</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,429</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,706</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,576</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>114,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>242,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total lease payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>202,218</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>279,700</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Less imputed interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>172,516</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>144,194</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:81%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,010</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,731</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,590</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>31,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,265</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>239,118</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span><span style="font-family:Arial;font-size:9pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>391,952</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amounts above exclude </span><span style="font-family:Arial;font-size:9pt;"><span>$75.7</span></span><span style="font-family:Arial;font-size:9pt;"> million related to non-lease commitments from the schedule included in </span><span style="font-family:Arial;font-size:9pt;">Note 13</span><span style="font-family:Arial;font-size:9pt;font-style:italic;">. </span><span style="font-family:Arial;font-size:9pt;font-style:italic;">Commitments and Contingencies</span><span style="font-family:Arial;font-size:9pt;">, in the Company’s audited consolidated financial statements and the related notes in the 2018 Annual Report on Form 10-K.</span></div> P3Y P17Y P20Y 107200000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The components of lease expense were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:61%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating lease cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>13,219</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance lease cost:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amortization of right-of-use assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,164</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,493</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Interest on lease liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,095</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,279</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total finance lease cost</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,259</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,772</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 4366000 13219000 1164000 3493000 2095000 6279000 3259000 9772000 <div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Supplemental cash flow information related to leases was as follows (in thousands):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:80%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Cash paid for amounts included in the measurement of lease liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating cash flows from operating leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>14,270</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating cash flows from finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>6,279</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Financing cash flows from finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>648</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 14270000 6279000 648000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Supplemental weighted average information related to leases was as follows:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:82%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">September 30, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Weighted-average remaining lease term (years):</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>26.7</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating leases</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.4</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Weighted-average discount rate:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Finance leases</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.80</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Operating leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.27</span></span></div></td><td style="vertical-align:bottom;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> P26Y8M12D P9Y4M24D 0.0780 0.0727 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">Maturities of lease liabilities as of </span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;"> were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:61%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Operating Leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Finance Leases</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019 - remainder</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,923</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,018</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,552</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,227</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,429</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,706</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,576</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>114,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>242,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total lease payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>202,218</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>279,700</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Less imputed interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>172,516</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>144,194</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">Maturities of lease liabilities as of </span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;"> were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:61%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Operating Leases</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Finance Leases</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019 - remainder</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4,923</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,018</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>19,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,552</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,227</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21,084</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,429</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20,706</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,576</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>114,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>242,366</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total lease payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>202,218</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>279,700</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Less imputed interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>58,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>172,516</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>144,194</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>107,184</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 4923000 2018000 19964000 9084000 20552000 9227000 21084000 8429000 20706000 8576000 114989000 242366000 202218000 279700000 58024000 172516000 144194000 107184000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;background-color:#ffffff;">Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 were as follows (in thousands):</span></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:81%;"/><td style="width:1%;"/><td style="width:17%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,010</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,731</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,590</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>31,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30,265</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>239,118</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Total</span><span style="font-family:Arial;font-size:9pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>391,952</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Amounts above exclude </span><span style="font-family:Arial;font-size:9pt;"><span>$75.7</span></span><span style="font-family:Arial;font-size:9pt;"> million related to non-lease commitments from the schedule included in </span><span style="font-family:Arial;font-size:9pt;">Note 13</span><span style="font-family:Arial;font-size:9pt;font-style:italic;">. </span><span style="font-family:Arial;font-size:9pt;font-style:italic;">Commitments and Contingencies</span><span style="font-family:Arial;font-size:9pt;">, in the Company’s audited consolidated financial statements and the related notes in the 2018 Annual Report on Form 10-K.</span></div> 30010000 30731000 30590000 31238000 30265000 239118000 391952000 75700000 Commitments and Contingencies<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Service and Development Contracts</span><span style="font-family:Arial;font-size:10pt;"> </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company is party to certain long-term contracts for systems and services that enable back office trade processing and clearing for its product and service offerings.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Guarantees</span><span style="font-family:Arial;font-size:10pt;"> </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company occasionally enters into contracts that contingently require it to indemnify certain parties against third-party claims. The terms of these obligations vary and, because a maximum obligation is not explicitly stated, the Company has determined that it is not possible to make an estimate of the amount that it could be obligated to pay under such contracts.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Financial provides guarantees to securities clearing houses and exchanges under their standard membership agreements, which require a member to guarantee the performance of other members. Under these agreements, if a member becomes unable to satisfy its obligations to the clearing houses and exchanges, all other members would be required to meet any shortfall. The Company’s liability under these arrangements is not quantifiable and could exceed the cash and securities it has posted as collateral. However, the potential requirement for the Company to make payments under these agreements is remote. Accordingly, no liability has been recognized for these transactions.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Loan Commitments</span><span style="font-family:Arial;font-size:10pt;"> </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">From time to time, LPL Financial makes loans to its advisors, primarily to newly recruited advisors to assist in the transition process, which may be forgivable. Due to timing differences, LPL Financial may make commitments to issue such loans prior to actually funding them. These commitments are generally contingent upon certain events occurring, including but not limited to the advisor joining LPL Financial. LPL Financial had no significant unfunded commitments at </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Legal &amp; Regulatory Matters </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company is subject to extensive regulation and supervision by U.S. federal and state agencies and various self-regulatory organizations. The Company and its advisors periodically engage with such agencies and organizations, in the context of examinations or otherwise, to respond to inquiries, informational requests, and investigations. From time to time, such engagements result in regulatory complaints or other matters, the resolution of which has in the past and may in the future include fines, customer restitution and other remediation. Assessing the probability of a loss occurring and the timing and amount of any loss related to a legal proceeding or regulatory matter is inherently difficult. While the Company exercises significant and complex judgments to make certain estimates presented in its consolidated financial statements, there are particular uncertainties and complexities involved when assessing the potential outcomes of legal proceedings and regulatory matters. The Company’s assessment process considers a variety of factors and assumptions, which may include: the procedural status of the matter and any recent developments; prior experience and the experience of others in similar matters; the size and nature of potential exposures; available defenses; the progress of fact discovery; the opinions of counsel and experts; potential opportunities for settlement and the status of any settlement discussions; as well as the potential for insurance coverage and indemnification, if available. The Company monitors these factors and assumptions for new developments and re-assesses the likelihood that a loss will occur and the estimated range or amount of loss, </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">if those amounts can be reasonably determined. The Company has established an accrual for those legal proceedings and regulatory matters for which a loss is both probable and the amount can be reasonably estimated. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">On May 1, 2018 the Company agreed to a settlement structure with the North American Securities Administrators Association (NASAA) related to the Company’s historical compliance with certain state “blue sky” laws, which resulted in aggregate fines of approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$26.4 million</span></span><span style="font-family:Arial;font-size:10pt;">. As part of the settlement structure, the Company engaged independent third party consultants to conduct a historical review of securities transactions and an operational review of the Company’s systems for complying with blue sky securities registration requirements. The Company also agreed to offer customers remediation in the form of reimbursement for any actual losses, plus interest. The Company believes the Captive Insurance Subsidiary has adequate loss reserves to cover the aggregate fines and the costs of remediation. As of the date of this Quarterly Report on Form 10-Q the historical review of transactions has been completed; however, the costs of potential customer remediation are still being calculated and cannot be estimated at this time. The actual costs of reimbursing customers for losses could exceed the Company’s reserves.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">On </span><span style="font-family:Arial;font-size:10pt;">April 22, 2019</span><span style="font-family:Arial;font-size:10pt;">, a putative class action lawsuit filed against the Company and certain of its executive officers in federal district court was dismissed with prejudice.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Third-Party Insurance</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company maintains third-party insurance coverage for certain potential legal proceedings, including those involving certain client claims. With respect to such client claims, the estimated losses on many of the pending matters are less than the applicable deductibles of the insurance policies.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;">Self-Insurance</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company has self-insurance for certain potential liabilities through the Captive Insurance Subsidiary. Liabilities associated with the risks that are retained by the Company are not discounted and are estimated by considering, in part, historical claims experience, severity factors, and other actuarial assumptions. The estimated accruals for these potential liabilities could be significantly affected if future occurrences and claims differ from such assumptions and historical trends, so there are particular complexities and uncertainties involved when assessing the adequacy of loss reserves for potential liabilities that are self-insured. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, these self-insurance liabilities are included in accounts payable and accrued liabilities in the unaudited condensed consolidated statements of financial condition. Self-insurance related charges are included in other expenses in the unaudited condensed consolidated statements of income for the </span><span style="font-family:Arial;font-size:10pt;">three and nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Other Commitments</span><span style="font-family:Arial;font-size:10pt;"> </span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the Company had approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$331.8 million</span></span><span style="font-family:Arial;font-size:10pt;"> of client margin loans that were collateralized with securities having a fair value of approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$464.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> that it can repledge, loan, or sell. Of these securities, approximately </span><span style="font-family:Arial;font-size:10pt;"><span>$65.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> were client-owned securities pledged to the Options Clearing Corporation as collateral to secure client obligations related to options positions. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, there were no restrictions that materially limited the Company’s ability to repledge, loan, or sell the remaining </span><span style="font-family:Arial;font-size:10pt;"><span>$399.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> of client collateral.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Trading securities on the unaudited condensed consolidated statements of financial condition includes </span><span style="font-family:Arial;font-size:10pt;"><span>$4.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$4.7 million</span></span><span style="font-family:Arial;font-size:10pt;"> pledged to the Options Clearing Corporation at </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$14.9 million</span></span><span style="font-family:Arial;font-size:10pt;"> pledged to the National Securities Clearing Corporation at both </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">.</span></div> 26400000 331800000 464500000 65500000 399000000.0 4500000 4700000 14900000 Stockholders’ Equity<div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Dividends</span></div><div style="line-height:120%;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The payment, timing, and amount of any dividends are subject to approval by the Company’s board of directors (the “Board of Directors”) as well as certain limits under the Credit Agreement and Indenture. Cash dividends per share of common stock and total cash dividends paid on a quarterly basis were as follows (in millions, except per share data):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Dividend per Share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Cash Dividend</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Dividend per Share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Cash Dividend</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">First quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21.1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>22.6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Second quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.8</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>22.3</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Third quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.5</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21.9</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Share Repurchases</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company engages in share repurchase programs, which are approved by the Board of Directors, pursuant to which the Company may repurchase its issued and outstanding shares of common stock from time to time. Repurchased shares are included in treasury stock on the unaudited condensed consolidated statements of financial condition. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the Company was authorized to purchase up to an additional </span><span style="font-family:Arial;font-size:10pt;"><span>$619.8 million</span></span><span style="font-family:Arial;font-size:10pt;"> of shares pursuant to share repurchase programs approved by the Board of Directors.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company had the following activity under its approved share repurchase programs (dollars in millions, except per share data):</span></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:58%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="10" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Number of Shares Purchased</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average Price Paid Per Share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Cost</span><span style="font-family:Arial;font-size:9pt;font-weight:bold;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">First quarter</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,747,116</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>71.57</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>125.0</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Second quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,591,950</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>78.54</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>125.0</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Third quarter</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,668,305</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>78.09</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>130.3</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,007,371</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>75.96</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>380.3</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Included in the total cost of shares purchased is a commission fee of </span><span style="font-family:Arial;font-size:9pt;"><span>$0.02</span></span><span style="font-family:Arial;font-size:9pt;"> per share.</span></div> Cash dividends per share of common stock and total cash dividends paid on a quarterly basis were as follows (in millions, except per share data):<div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:45%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Dividend per Share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Cash Dividend</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Dividend per Share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Cash Dividend</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">First quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21.1</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>22.6</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Second quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.8</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>22.3</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Third quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.5</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>0.25</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>21.9</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div> 0.25 21100000 0.25 22600000 0.25 20800000 0.25 22300000 0.25 20500000 0.25 21900000 619800000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company had the following activity under its approved share repurchase programs (dollars in millions, except per share data):</span></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:58%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="10" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Number of Shares Purchased</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average Price Paid Per Share</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Total Cost</span><span style="font-family:Arial;font-size:9pt;font-weight:bold;"><sub style="vertical-align:bottom;line-height:120%;font-size:6pt">(1)</sub></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">First quarter</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,747,116</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>71.57</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>125.0</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Second quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,591,950</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>78.54</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>125.0</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Third quarter</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,668,305</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>78.09</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>130.3</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5,007,371</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>75.96</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>380.3</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Included in the total cost of shares purchased is a commission fee of </span><span style="font-family:Arial;font-size:9pt;"><span>$0.02</span></span><span style="font-family:Arial;font-size:9pt;"> per share.</span></div> 1747116 71.57 125000000.0 1591950 78.54 125000000.0 1668305 78.09 130300000 5007371 75.96 380300000 0.02 Share-Based Compensation<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In November 2010, the Company adopted the 2010 Omnibus Equity Incentive Plan (as amended and restated in May 2015, the “2010 Plan”), which provides for the granting of stock options, warrants, restricted stock awards, restricted stock units, deferred stock units, performance stock units, and other equity-based compensation. Since its adoption, awards have been and are only made out of the 2010 Plan.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, the 2010 Plan had </span><span style="font-family:Arial;font-size:10pt;"><span>20,055,945</span></span><span style="font-family:Arial;font-size:10pt;"> shares authorized for grant and </span><span style="font-family:Arial;font-size:10pt;"><span>5,226,458</span></span><span style="font-family:Arial;font-size:10pt;"> shares remaining available for future issuance.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Stock Options and Warrants</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table presents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of its employee and officer stock options that have been granted during the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:91%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected life (in years)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.43</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected stock price volatility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>35.80</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected dividend yield</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.49</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Risk-free interest rate</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2.47</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fair value of options</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>24.41</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes the Company’s stock option and warrant activity as of and for the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:44%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Contractual Term</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(Years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Aggregate</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Intrinsic</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(In thousands)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Outstanding — December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,588,067</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>35.38</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>422,397</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>77.53</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Exercised</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(918,939</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30.10</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Forfeited and Expired</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(87,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>47.22</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Outstanding — September 30, 2019</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,004,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>42.58</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.89</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>118,145</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Exercisable — September 30, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,167,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>33.67</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4.81</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>104,510</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Exercisable and expected to vest — September 30, 2019</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,935,433</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>41.92</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.81</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117,359</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes information about outstanding stock options and warrants as of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="17"/></tr><tr><td style="width:39%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercisable</span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Range of Exercise Prices</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercise</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average<br/>Remaining Life<br/>(Years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercise</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Price</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$19.85 - $25.00</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>674,097</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.30</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.75</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>674,097</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.30</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$25.01 - $35.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>733,261</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>31.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2.35</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>733,261</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>31.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$35.01 - $45.00</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>476,678</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39.60</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.32</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>293,475</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39.68</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$45.01 - $65.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>349,558</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>48.74</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.03</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>349,558</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>48.74</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$65.01 - $75.00</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>366,440</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65.56</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8.34</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>115,355</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65.56</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$75.01 - $80.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>404,368</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>77.53</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.39</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,365</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>77.53</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,004,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>42.58</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.89</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,167,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>33.67</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company recognized share-based compensation related to the vesting of stock options awarded to employees and officers of </span><span style="font-family:Arial;font-size:10pt;"><span>$2.2 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$2.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> during the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$7.4 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$6.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> for the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, total unrecognized compensation cost related to non-vested stock options granted to employees and officers was </span><span style="font-family:Arial;font-size:10pt;"><span>$10.4 million</span></span><span style="font-family:Arial;font-size:10pt;">, which is expected to be recognized over a weighted-average period of </span><span style="font-family:Arial;font-size:10pt;"><span>1.84</span></span><span style="font-family:Arial;font-size:10pt;"> years.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Restricted Stock and Stock Units</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following summarizes the Company’s activity in its restricted stock awards and stock units, which include restricted stock units, deferred stock units, and performance stock units, for the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="15"/></tr><tr><td style="width:50%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:3%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Restricted Stock Awards</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Stock Units</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Grant-Date</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Grant-Date</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Outstanding — December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,057</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>70.26</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>910,720</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>52.38</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">  Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,366</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.99</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>287,288</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.95</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">  Vested</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(8,127</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>71.81</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(348,811</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>44.41</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">  Forfeited</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(39,644</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>60.48</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Nonvested — September 30, 2019</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,296</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.99</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>809,553</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:5pt">(1)</sub> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65.91</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected to vest — September 30, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,296</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.99</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>707,986</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>66.96</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:4pt;"><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Includes </span><span style="font-family:Arial;font-size:9pt;"><span>50,637</span></span><span style="font-family:Arial;font-size:9pt;"> vested and undistributed deferred stock units.</span></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company grants restricted stock awards and deferred stock units to its directors, restricted stock units to its employees and officers, and performance stock units to its officers. Restricted stock awards and stock units must vest or are subject to forfeiture; however, restricted stock awards are included in shares outstanding upon grant and have the same dividend and voting rights as the Company’s common stock. The Company recognized </span><span style="font-family:Arial;font-size:10pt;"><span>$4.7 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$3.6 million</span></span><span style="font-family:Arial;font-size:10pt;"> of share-based compensation related to the vesting of these restricted stock awards and stock units during the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$13.9 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$10.6 million</span></span><span style="font-family:Arial;font-size:10pt;"> during the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, total unrecognized compensation cost for restricted stock awards and stock units was </span><span style="font-family:Arial;font-size:10pt;"><span>$26.7 million</span></span><span style="font-family:Arial;font-size:10pt;">, which is expected to be recognized over a weighted-average remaining period of </span><span style="font-family:Arial;font-size:10pt;"><span>2.01</span></span><span style="font-family:Arial;font-size:10pt;"> years.</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company also grants restricted stock units to its advisors and to financial institutions. The Company recognized share-based compensation of </span><span style="font-family:Arial;font-size:10pt;"><span>$0.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$1.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> related to the vesting of these awards during the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$2.3 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$5.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> during the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">, total unrecognized compensation cost for restricted stock units granted to advisors and financial institutions was </span><span style="font-family:Arial;font-size:10pt;"><span>$5.2 million</span></span><span style="font-family:Arial;font-size:10pt;">, which is expected to be recognized over a weighted-average remaining period of </span><span style="font-family:Arial;font-size:10pt;"><span>2.23</span></span><span style="font-family:Arial;font-size:10pt;"> years.</span></div> 20055945 5226458 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table presents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of its employee and officer stock options that have been granted during the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:91%;"/><td style="width:1%;"/><td style="width:7%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected life (in years)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.43</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected stock price volatility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>35.80</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected dividend yield</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.49</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Risk-free interest rate</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2.47</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Fair value of options</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>24.41</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> P5Y5M4D 0.3580 0.0149 0.0247 24.41 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes the Company’s stock option and warrant activity as of and for the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span></div><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:44%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Contractual Term</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(Years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Aggregate</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Intrinsic</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Value</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">(In thousands)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Outstanding — December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,588,067</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>35.38</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>422,397</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>77.53</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Exercised</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(918,939</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>30.10</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Forfeited and Expired</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(87,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>47.22</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Outstanding — September 30, 2019</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,004,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>42.58</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.89</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>118,145</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Exercisable — September 30, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,167,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>33.67</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>4.81</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>104,510</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Exercisable and expected to vest — September 30, 2019</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,935,433</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>41.92</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.81</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>117,359</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 3588067 35.38 422397 77.53 918939 30.10 87123 47.22 3004402 42.58 P5Y10M20D 118145000 2167111 33.67 P4Y9M21D 104510000 2935433 41.92 P5Y9M21D 117359000 <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following table summarizes information about outstanding stock options and warrants as of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="17"/></tr><tr><td style="width:39%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercisable</span></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Range of Exercise Prices</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercise</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average<br/>Remaining Life<br/>(Years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Exercise</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Price</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$19.85 - $25.00</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>674,097</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.30</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.75</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>674,097</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>20.30</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$25.01 - $35.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>733,261</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>31.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2.35</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>733,261</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>31.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$35.01 - $45.00</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>476,678</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39.60</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7.32</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>293,475</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>39.68</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$45.01 - $65.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>349,558</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>48.74</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.03</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>349,558</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>48.74</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$65.01 - $75.00</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>366,440</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65.56</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8.34</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>115,355</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65.56</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$75.01 - $80.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>404,368</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>77.53</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9.39</span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1,365</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>77.53</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3,004,402</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>42.58</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.89</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,167,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>33.67</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 674097 20.30 P5Y9M 674097 20.30 733261 31.29 P2Y4M6D 733261 31.29 476678 39.60 P7Y3M25D 293475 39.68 349558 48.74 P5Y10D 349558 48.74 366440 65.56 P8Y4M2D 115355 65.56 404368 77.53 P9Y4M20D 1365 77.53 3004402 42.58 P5Y10M20D 2167111 33.67 2200000 2500000 7400000 6500000 10400000 P1Y10M2D <div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The following summarizes the Company’s activity in its restricted stock awards and stock units, which include restricted stock units, deferred stock units, and performance stock units, for the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="15"/></tr><tr><td style="width:50%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:3%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Restricted Stock Awards</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Stock Units</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Grant-Date</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Number of</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Weighted-Average</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Grant-Date</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Outstanding — December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>7,057</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>70.26</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>910,720</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>52.38</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">  Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>9,366</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.99</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>287,288</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.95</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">  Vested</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(8,127</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>71.81</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(348,811</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>44.41</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">  Forfeited</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>(39,644</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>60.48</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Nonvested — September 30, 2019</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,296</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.99</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>809,553</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Arial;font-size:8pt;"><sub style="vertical-align:bottom;line-height:120%;font-size:5pt">(1)</sub> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>65.91</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Expected to vest — September 30, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>8,296</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81.99</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>707,986</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>66.96</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:4pt;"><span style="font-family:Arial;font-size:4pt;">_______________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:Arial;font-size:9pt;">(1)</span></div><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Includes </span><span style="font-family:Arial;font-size:9pt;"><span>50,637</span></span><span style="font-family:Arial;font-size:9pt;"> vested and undistributed deferred stock units.</span></div> 7057 70.26 910720 52.38 9366 81.99 287288 81.95 8127 71.81 348811 44.41 0 0 39644 60.48 8296 81.99 809553 65.91 8296 81.99 707986 66.96 50637 4700000 3600000 13900000 10600000 26700000 P2Y3D 500000 1000000.0 2300000 5500000 5200000 P2Y2M23D Earnings per Share<div style="line-height:120%;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if dilutive potential shares of common stock had been issued. The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):</span></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>131,714</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>106,865</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>433,204</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>319,161</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Basic weighted-average number of shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81,833</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>87,426</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>83,315</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>88,841</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Dilutive common share equivalents</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,011</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,452</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,106</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,606</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Diluted weighted-average number of shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>83,844</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89,878</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>85,421</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>91,447</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Basic earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.61</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.22</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.20</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Diluted earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.57</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.19</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.07</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3.49</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The computation of diluted earnings per share excludes stock options, warrants, and stock units that are anti-dilutive. For the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, stock options, warrants, and stock units representing common share equivalents of </span><span style="font-family:Arial;font-size:10pt;"><span>422,680</span></span><span style="font-family:Arial;font-size:10pt;"> shares and </span><span style="font-family:Arial;font-size:10pt;"><span>439,156</span></span><span style="font-family:Arial;font-size:10pt;"> shares, respectively, were anti-dilutive. For the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, stock options, warrants, and restricted stock units representing common share equivalents of </span><span style="font-family:Arial;font-size:10pt;"><span>596,354</span></span><span style="font-family:Arial;font-size:10pt;"> shares and </span><span style="font-family:Arial;font-size:10pt;"><span>377,583</span></span><span style="font-family:Arial;font-size:10pt;"> shares, respectively, were anti-dilutive.</span></div> The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):<div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Three Months Ended September 30,</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">Nine Months Ended September 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>131,714</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>106,865</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>433,204</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>319,161</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Basic weighted-average number of shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>81,833</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>87,426</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>83,315</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>88,841</span></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Dilutive common share equivalents</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,011</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,452</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,106</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>2,606</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Diluted weighted-average number of shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>83,844</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>89,878</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>85,421</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>91,447</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Basic earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.61</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.22</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.20</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#ccffff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#ccffff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Diluted earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.57</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>1.19</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>5.07</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><span>3.49</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:Arial;font-size:10pt;"><br/></span></div> 131714000 106865000 433204000 319161000 81833000 87426000 83315000 88841000 2011000 2452000 2106000 2606000 83844000 89878000 85421000 91447000 1.61 1.22 5.20 3.59 1.57 1.19 5.07 3.49 422680 439156 596354 377583 Income Taxes<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s effective income tax rate differs from the federal corporate tax rate of </span><span style="font-family:Arial;font-size:10pt;"><span>21.0%</span></span><span style="font-family:Arial;font-size:10pt;">, primarily as a result of state taxes, settlement contingencies, tax credits and other permanent differences in tax deductibility of certain expenses. These items resulted in effective tax rates of </span><span style="font-family:Arial;font-size:10pt;"><span>26.0%</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>27.5%</span></span><span style="font-family:Arial;font-size:10pt;"> for the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>24.9%</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>25.8%</span></span><span style="font-family:Arial;font-size:10pt;"> for the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.</span></div> 0.210 0.260 0.275 0.249 0.258 Related Party Transactions<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company has related party transactions with certain beneficial owners of more than </span><span style="font-family:Arial;font-size:10pt;"><span>ten percent</span></span><span style="font-family:Arial;font-size:10pt;"> of the Company’s outstanding common stock. Additionally, through its subsidiary LPL Financial, the Company provides services and charitable contributions to the LPL Financial Foundation, an organization that provides volunteer and financial support within the Company’s local communities.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company recognized revenue for services provided to these related parties of </span><span style="font-family:Arial;font-size:10pt;"><span>$1.2 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$1.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> during the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$3.0 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$2.6 million</span></span><span style="font-family:Arial;font-size:10pt;"> during the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. The Company incurred expenses for the services provided by these related parties of </span><span style="font-family:Arial;font-size:10pt;"><span>$0.5 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$0.6 million</span></span><span style="font-family:Arial;font-size:10pt;"> during the three months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively, and </span><span style="font-family:Arial;font-size:10pt;"><span>$1.3 million</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>$1.8 million</span></span><span style="font-family:Arial;font-size:10pt;"> during the </span><span style="font-family:Arial;font-size:10pt;">nine</span><span style="font-family:Arial;font-size:10pt;"> months ended </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, respectively. As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2018</span><span style="font-family:Arial;font-size:10pt;">, receivables and payables to related parties were not material.</span></div> 0.10 1200000 1000000.0 3000000.0 2600000 500000 600000 1300000 1800000 Net Capital and Regulatory Requirements<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s registered broker-dealer, LPL Financial, is subject to the SEC’s Net Capital Rule (Rule 15c3-1 under the Exchange Act), which requires the maintenance of minimum net capital. The net capital rules also provide that the broker-dealer’s capital may not be withdrawn if resulting net capital would be less than minimum requirements. Additionally, certain withdrawals require the approval of the SEC and FINRA to the extent they </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">exceed defined levels, even if such withdrawals would not cause net capital to be less than minimum requirements. Net capital and the related net capital requirement may fluctuate on a daily basis. LPL Financial is a clearing broker-dealer and had net capital of </span><span style="font-family:Arial;font-size:10pt;"><span>$178.3 million</span></span><span style="font-family:Arial;font-size:10pt;"> with a minimum net capital requirement of </span><span style="font-family:Arial;font-size:10pt;"><span>$8.9 million</span></span><span style="font-family:Arial;font-size:10pt;"> as of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;">. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The Company’s subsidiary, PTC, also operates in a highly regulated industry and is subject to various regulatory capital requirements. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have substantial monetary and non-monetary impacts to PTC’s operations. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">As of </span><span style="font-family:Arial;font-size:10pt;">September 30, 2019</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;">, LPL Financial and PTC met all capital adequacy requirements to which they were subject.</span></div> 178300000 8900000 Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Financial’s client securities activities are transacted on either a cash or margin basis. In margin transactions, LPL Financial extends credit to the advisor’s client, subject to various regulatory and internal margin requirements, collateralized by cash and securities in the client’s account. As clients write options contracts or sell securities short, LPL Financial may incur losses if the clients do not fulfill their obligations and the collateral in the clients’ accounts is not sufficient to fully cover losses that clients may incur from these strategies. To control this risk, LPL Financial monitors margin levels daily and clients are required to deposit additional collateral, or reduce positions, when necessary.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Financial is obligated to settle transactions with brokers and other financial institutions even if its advisors’ clients fail to meet their obligation to LPL Financial. Clients are required to complete their transactions on the settlement date, generally two business days after the trade date. If clients do not fulfill their contractual obligations, LPL Financial may incur losses. In addition, the Company occasionally enters into certain types of contracts to fulfill its sale of when, as, and if issued securities. When, as, and if issued securities have been authorized but are contingent upon the actual issuance of the security. LPL Financial has established procedures to reduce this risk by generally requiring that clients deposit cash or securities into their account prior to placing an order. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">LPL Financial may at times hold equity securities on both a long and short basis that are recorded on the unaudited condensed consolidated statements of financial condition at market value. While long inventory positions represent LPL Financial’s ownership of securities, short inventory positions represent obligations of LPL Financial to deliver specified securities at a contracted price, which may differ from market prices prevailing at the time of completion of the transaction. Accordingly, both long and short inventory positions may result in losses or gains to LPL Financial as market values of securities fluctuate. To mitigate the risk of losses, long and short positions are marked-to-market daily and are continuously monitored by LPL Financial.</span></div> Subsequent Events<div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">On </span><span style="font-family:Arial;font-size:10pt;"><span><span style="white-space:nowrap">October 21, 2019</span></span></span><span style="font-family:Arial;font-size:10pt;">, the Board of Directors declared a cash dividend of </span><span style="font-family:Arial;font-size:10pt;"><span>$0.25</span></span><span style="font-family:Arial;font-size:10pt;"> per share on the Company’s outstanding common stock to be paid on </span><span style="font-family:Arial;font-size:10pt;"><span><span style="white-space:nowrap">November 21, 2019</span></span></span><span style="font-family:Arial;font-size:10pt;"> to all stockholders of record on </span><span style="font-family:Arial;font-size:10pt;"><span><span style="white-space:nowrap">November 7, 2019</span></span></span><span style="font-family:Arial;font-size:10pt;">.</span></div> 2019-10-21 0.25 2019-11-21 2019-11-07 XML 52 R41.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue Asset-based Revenue disaggregated by Product and Service (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Disaggregation of Revenue [Line Items]        
Asset Based Fees $ 292,140 $ 248,895 $ 877,054 $ 706,834
Client cash [Member]        
Disaggregation of Revenue [Line Items]        
Asset Based Fees 162,517 127,174 497,471 352,644
Sponsorship Programs [Member]        
Disaggregation of Revenue [Line Items]        
Asset Based Fees 62,861 58,065 187,417 168,074
Recordkeeping [Member]        
Disaggregation of Revenue [Line Items]        
Asset Based Fees $ 66,762 $ 63,656 $ 192,166 $ 186,116
XML 53 R62.htm IDEA: XBRL DOCUMENT v3.19.3
Commitments and Contingencies Commitments and Contingencies (Legal) (Details)
$ in Millions
 9 Months Ended
Sep. 30, 2019
USD ($)
Loss Contingencies [Line Items]  
Loss Contingency Accrual $ 26.4
XML 54 R66.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation (Texuals) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Authorized shares 20,055,945   20,055,945  
Share-based compensation:        
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant 5,226,458   5,226,458  
Employees, officers, and directors [Member] | Stock options and warrants [Member]        
Share-based compensation:        
Share-based compensation $ 2.2 $ 2.5 $ 7.4 $ 6.5
Share-based compensation cost unrecognized 10.4   $ 10.4  
Non-vested compensation cost weighted-average period     1 year 10 months 2 days  
Employees, officers, and directors [Member] | Restricted Stock [Member]        
Share-based compensation:        
Share-based compensation 4.7 3.6 $ 13.9 10.6
Share-based compensation cost unrecognized 26.7   $ 26.7  
Non-vested compensation cost weighted-average period     2 years 3 days  
Advisors and Financial Institutions [Member] | Restricted stock units (RSUs) [Member]        
Share-based compensation:        
Share-based compensation 0.5 $ 1.0 $ 2.3 $ 5.5
Share-based compensation cost unrecognized $ 5.2   $ 5.2  
Non-vested compensation cost weighted-average period     2 years 2 months 23 days  
XML 55 R75.htm IDEA: XBRL DOCUMENT v3.19.3
Net Capital and Regulatory Requirements (Details)
$ in Millions
Sep. 30, 2019
USD ($)
Net capital and net capital requirements for the Company's broker-dealer subsidiaries  
Broker-Dealer, Net Capital $ 178.3
Broker-Dealer, Minimum Net Capital Required, Broker-Dealer Subsidiary, Aggregate Indebtedness Standard $ 8.9
XML 56 R71.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Earnings Per Share [Abstract]        
Net income $ 131,714 $ 106,865 $ 433,204 $ 319,161
Basic weighted-average number of shares outstanding 81,833 87,426 83,315 88,841
Dilutive common share equivalents 2,011 2,452 2,106 2,606
Diluted weighted-average number of shares outstanding 83,844 89,878 85,421 91,447
Basic earnings per share $ 1.61 $ 1.22 $ 5.20 $ 3.59
Diluted earnings per share $ 1.57 $ 1.19 $ 5.07 $ 3.49
XML 57 R52.htm IDEA: XBRL DOCUMENT v3.19.3
Debt (Credit Agreement Textuals) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 21, 2017
Mar. 10, 2017
Sep. 30, 2019
Dec. 31, 2018
Debt Instrument [Line Items]        
Principal amount of debt     $ 2,360,218 $ 2,371,808
Long-term Debt, Gross     2,370,000 2,381,250
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Debt term 5 years      
Long-term Debt, Gross     $ 0 0
Applicable interest rate margin (as percent)     1.25%  
Letters of credit, amount outstanding     $ 3,700  
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 1.25%      
Secured Debt [Member] | Fourth Amendment Agreement Term Loan B [Member]        
Debt Instrument [Line Items]        
Debt term 7 years      
Long-term Debt, Gross     1,470,000 1,481,250
Amortization payment (as percent)   0.25%    
Secured Debt [Member] | Fourth Amendment Agreement Term Loan B [Member] | Eurodollar Rate [Member]        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 2.25%      
Interest Rate Floor 0.00%      
Secured Debt [Member] | Fourth Amendment Agreement Term Loan B [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 2.25%      
Secured Debt [Member] | Fourth Amendment Agreement Term Loan B [Member] | Base Rate [Member]        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 1.25%      
Unsecured Debt [Member] | Senior Notes Due 2025 [Member]        
Debt Instrument [Line Items]        
Long-term Debt, Gross   $ 500,000 $ 900,000 $ 900,000
Interest Rate (as percent)     5.75% 5.75%
Unsecured Debt [Member] | Additional Senior Unsecured Notes due 2025 [Member]        
Debt Instrument [Line Items]        
Long-term Debt, Gross $ 400,000      
Debt Instrument, Redemption Price, Percentage 103.00%      
Line of Credit [Member] | Revolving Credit Facility [Member] | Eurodollar Rate [Member] | Minimum        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 1.25%      
Line of Credit [Member] | Revolving Credit Facility [Member] | Eurodollar Rate [Member] | Maximum        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 1.75%      
Line of Credit [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Minimum        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 0.25%      
Line of Credit [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Maximum        
Debt Instrument [Line Items]        
Applicable interest rate margin (as percent) 0.75%      
XML 58 R56.htm IDEA: XBRL DOCUMENT v3.19.3
Leases Narrative (Details)
$ in Millions
 9 Months Ended
Sep. 30, 2019
USD ($)
Minimum  
Lease Description [Line Items]  
Remaining lease terms (in years) 3 years
Maximum  
Lease Description [Line Items]  
Remaining lease terms (in years) 17 years
Options to extend leases (in years) 20 years
Fixed Assets  
Lease Description [Line Items]  
Finance lease assets $ 107.2
XML 59 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Commission $ 474,993 $ 486,875 $ 1,415,487 $ 1,449,771
Advisory Revenue 514,363 458,087 1,449,610 1,319,391
Asset-based 292,140 248,895 877,054 706,834
Transaction and fee 121,222 118,941 362,037 352,045
Interest income, net of interest expense 11,531 10,512 35,542 28,426
Other 1,276 7,687 37,231 14,891
Total net revenues 1,415,525 1,330,997 4,176,961 3,871,358
EXPENSES:        
Commission and advisory 856,635 821,950 2,494,355 2,384,266
Compensation and benefits 138,300 128,007 407,000 373,884
Promotional 61,715 52,628 154,487 163,462
Depreciation and amortization 24,062 22,838 70,116 65,759
Amortization of intangible assets 16,286 15,676 48,703 44,580
Occupancy and equipment 34,417 30,308 100,843 84,848
Professional services 17,666 23,129 56,115 61,223
Brokerage, clearing and exchange 16,380 15,844 48,518 47,154
Communications and data processing 12,535 12,334 37,394 34,546
Other 27,599 29,219 83,977 88,175
Total operating expenses 1,205,595 1,151,933 3,501,508 3,347,897
Non-operating interest expense and other 31,944 31,705 98,617 93,267
INCOME BEFORE PROVISION FOR INCOME TAXES 177,986 147,359 576,836 430,194
PROVISION FOR INCOME TAXES 46,272 40,494 143,632 111,033
NET INCOME $ 131,714 $ 106,865 $ 433,204 $ 319,161
EARNINGS PER SHARE (Note 13)        
Earnings per share, basic $ 1.61 $ 1.22 $ 5.20 $ 3.59
Earnings per share, diluted $ 1.57 $ 1.19 $ 5.07 $ 3.49
Weighted-average shares outstanding, basic 81,833 87,426 83,315 88,841
Weighted-average shares outstanding, diluted 83,844 89,878 85,421 91,447
XML 60 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 433,204 $ 319,161
Noncash items:    
Depreciation and amortization 70,116 65,759
Amortization of intangible assets 48,703 44,580
Amortization of debt issuance costs 3,372 3,090
Share-based compensation 24,987 23,524
Provision for bad debts 5,723 5,335
Deferred income tax provision 92 (487)
Loan forgiveness 67,306 50,695
Other (6,291) (334)
Changes in operating assets and liabilities:    
Receivables from clients (6,121) (91,058)
Receivables from product sponsors, broker-dealers and clearing organizations (677) (17,680)
Advisor loans (167,391) (92,253)
Receivables from others (22,571) (10,377)
Securities owned (2,802) (15,446)
Securities borrowed (5,402) 6,215
Operating leases (942) 0
Other assets (33,222) (18,084)
Drafts payable (83,611) 9,414
Payables to clients 168,629 (158,093)
Payables to broker-dealers and clearing organizations 9,161 98
Accrued commission and advisory expenses payable (3,764) 21,081
Accounts payable and accrued liabilities 32,598 19,388
Income taxes receivable/payable (25,844) 22,061
Unearned revenue 4,479 10,324
Securities sold, but not yet purchased 37 (850)
Net cash provided by operating activities 509,769 196,063
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (104,250) (85,198)
Payments to Acquire Businesses, Net of Cash Acquired (24,884) 0
Purchase of securities classified as held-to-maturity (3,745) (4,905)
Proceeds from maturity of securities classified as held-to-maturity 3,750 3,750
Net cash used in investing activities (129,129) (86,353)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 8,000 0
Repayments of revolving credit facility (8,000) 0
Repayment of senior secured term loans (11,250) (11,250)
Payments of debt issuance costs (4,140) 0
Tax payments related to settlement of restricted stock units (5,365) (4,536)
Repurchase of common stock (380,342) (300,091)
Dividends on common stock (62,391) (66,847)
Proceeds from stock option exercises and other 30,060 43,248
Principal payment of finance leases and obligations (648) (2,461)
Net cash used in financing activities (434,076) (341,937)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (53,436) (232,227)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period 1,562,119 1,625,655
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period 1,508,683 1,393,428
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 111,900 105,057
Income taxes paid 169,303 89,254
NONCASH DISCLOSURES:    
Capital expenditures included in accounts payable and accrued liabilities 14,669 26,903
Lease assets obtained in exchange for operating lease liabilities $ 108,539 $ 0
XML 61 R37.htm IDEA: XBRL DOCUMENT v3.19.3
Summary of Significant Accounting Policies Reportable Segment (Details)
 9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Number of Operating Segments 1
XML 62 R33.htm IDEA: XBRL DOCUMENT v3.19.3
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2019
Equity, Class of Treasury Stock [Line Items]  
Dividends Declared [Table Text Block] Cash dividends per share of common stock and total cash dividends paid on a quarterly basis were as follows (in millions, except per share data):
 
2019
 
2018
 
Dividend per Share
 
Total Cash Dividend
 
Dividend per Share
 
Total Cash Dividend
First quarter
$
0.25

 
$
21.1

 
$
0.25

 
$
22.6

Second quarter
$
0.25

 
$
20.8

 
$
0.25

 
$
22.3

Third quarter
$
0.25

 
$
20.5

 
$
0.25

 
$
21.9
Summary of share repurchase program activity
The Company had the following activity under its approved share repurchase programs (dollars in millions, except per share data):
 
 
2019
 
 
Total Number of Shares Purchased
 
Weighted-Average Price Paid Per Share
 
Total Cost(1)
First quarter
 
1,747,116

 
$
71.57

 
$
125.0

Second quarter
 
1,591,950

 
$
78.54

 
$
125.0

Third quarter
 
1,668,305

 
$
78.09

 
$
130.3

 
 
5,007,371

 
$
75.96

 
$
380.3

_______________________________
(1)
Included in the total cost of shares purchased is a commission fee of $0.02 per share.
XML 63 R18.htm IDEA: XBRL DOCUMENT v3.19.3
Stockholders' Equity
 9 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] Stockholders’ Equity
Dividends
The payment, timing, and amount of any dividends are subject to approval by the Company’s board of directors (the “Board of Directors”) as well as certain limits under the Credit Agreement and Indenture. Cash dividends per share of common stock and total cash dividends paid on a quarterly basis were as follows (in millions, except per share data):
 
2019
 
2018
 
Dividend per Share
 
Total Cash Dividend
 
Dividend per Share
 
Total Cash Dividend
First quarter
$
0.25

 
$
21.1

 
$
0.25

 
$
22.6

Second quarter
$
0.25

 
$
20.8

 
$
0.25

 
$
22.3

Third quarter
$
0.25

 
$
20.5

 
$
0.25

 
$
21.9

Share Repurchases
The Company engages in share repurchase programs, which are approved by the Board of Directors, pursuant to which the Company may repurchase its issued and outstanding shares of common stock from time to time. Repurchased shares are included in treasury stock on the unaudited condensed consolidated statements of financial condition. As of September 30, 2019, the Company was authorized to purchase up to an additional $619.8 million of shares pursuant to share repurchase programs approved by the Board of Directors.
The Company had the following activity under its approved share repurchase programs (dollars in millions, except per share data):
 
 
2019
 
 
Total Number of Shares Purchased
 
Weighted-Average Price Paid Per Share
 
Total Cost(1)
First quarter
 
1,747,116

 
$
71.57

 
$
125.0

Second quarter
 
1,591,950

 
$
78.54

 
$
125.0

Third quarter
 
1,668,305

 
$
78.09

 
$
130.3

 
 
5,007,371

 
$
75.96

 
$
380.3

_______________________________
(1)
Included in the total cost of shares purchased is a commission fee of $0.02 per share.
JSON 64 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "lpla2019093010-q.htm": { "axisCustom": 2, "axisStandard": 22, "contextCount": 354, "dts": { "calculationLink": { "local": [ "lpla-20190930_cal.xml" ] }, "definitionLink": { "local": [ "lpla-20190930_def.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml", "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml" ] }, "inline": { "local": [ "lpla2019093010-q.htm" ] }, "labelLink": { "local": [ "lpla-20190930_lab.xml" ], "remote": [ "http://xbrl.fasb.org/srt/2019/elts/srt-doc-2019-01-31.xml", "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-doc-2019-01-31.xml", "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "lpla-20190930_pre.xml" ] }, "referenceLink": { "remote": [ "http://xbrl.fasb.org/srt/2019/elts/srt-ref-2019-01-31.xml", "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-ref-2019-01-31.xml", "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "lpla-20190930.xsd" ], "remote": [ "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd", "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd", "http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-parts-codification-2019-01-31.xsd" ] } }, "elementCount": 620, "entityCount": 1, "hidden": { "http://fasb.org/us-gaap/2019-01-31": 27, "http://www.lpl.com/20190930": 1, "http://xbrl.sec.gov/dei/2019-01-31": 5, "total": 33 }, "keyCustom": 34, "keyStandard": 390, "memberCustom": 29, "memberStandard": 39, "nsprefix": "lpla", "nsuri": "http://www.lpl.com/20190930", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Document and Entity Information Document", "role": "http://www.lpl.com/role/DocumentAndEntityInformationDocument", "shortName": "Document and Entity Information Document", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R10": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RevenueFromContractWithCustomerTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2104100 - Disclosure - Revenue", "role": "http://www.lpl.com/role/Revenue", "shortName": "Revenue", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RevenueFromContractWithCustomerTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R11": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessCombinationDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2107100 - Disclosure - Acquisitions Acquisitions", "role": "http://www.lpl.com/role/AcquisitionsAcquisitions", "shortName": "Acquisitions Acquisitions", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessCombinationDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R12": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2108100 - Disclosure - Fair Value Measurements", "role": "http://www.lpl.com/role/FairValueMeasurements", "shortName": "Fair Value Measurements", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R13": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2110100 - Disclosure - Held-to-Maturity Securities", "role": "http://www.lpl.com/role/HeldToMaturitySecurities", "shortName": "Held-to-Maturity Securities", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R14": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2112100 - Disclosure - Goodwill and Other Intangible Assets", "role": "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssets", "shortName": "Goodwill and Other Intangible Assets", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R15": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2113100 - Disclosure - Debt", "role": "http://www.lpl.com/role/Debt", "shortName": "Debt", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R16": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LesseeOperatingLeasesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2114100 - Disclosure - Leases", "role": "http://www.lpl.com/role/Leases", "shortName": "Leases", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LesseeOperatingLeasesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R17": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2115100 - Disclosure - Commitments and Contingencies", "role": "http://www.lpl.com/role/CommitmentsAndContingencies", "shortName": "Commitments and Contingencies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R18": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2116100 - Disclosure - Stockholders' Equity", "role": "http://www.lpl.com/role/StockholdersEquity", "shortName": "Stockholders' Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R19": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2117100 - Disclosure - Share-Based Compensation", "role": "http://www.lpl.com/role/ShareBasedCompensation", "shortName": "Share-Based Compensation", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R2": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:DisaggregationofRevenueReportingCategoryTimingofTransferofGoodorServiceTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:BrokerageCommissionsRevenue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1001000 - Statement - Condensed Consolidated Statements of Income (Unaudited)", "role": "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "shortName": "Condensed Consolidated Statements of Income (Unaudited)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "lang": null, "name": "lpla:AdvisoryRevenue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R20": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EarningsPerShareTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2118100 - Disclosure - Earnings per Share", "role": "http://www.lpl.com/role/EarningsPerShare", "shortName": "Earnings per Share", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EarningsPerShareTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R21": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2119100 - Disclosure - Income Taxes", "role": "http://www.lpl.com/role/IncomeTaxes", "shortName": "Income Taxes", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R22": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2120100 - Disclosure - Related Party Transactions", "role": "http://www.lpl.com/role/RelatedPartyTransactions", "shortName": "Related Party Transactions", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R23": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BrokersAndDealersDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2121100 - Disclosure - Net Capital and Regulatory Requirements", "role": "http://www.lpl.com/role/NetCapitalAndRegulatoryRequirements", "shortName": "Net Capital and Regulatory Requirements", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BrokersAndDealersDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R24": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "lpla:ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRiskTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2122100 - Disclosure - Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk", "role": "http://www.lpl.com/role/FinancialInstrumentsWithOffBalanceSheetCreditRiskAndConcentrationsOfCreditRisk", "shortName": "Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "lpla:ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRiskTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R25": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SubsequentEventsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2123100 - Disclosure - Subsequent Events", "role": "http://www.lpl.com/role/SubsequentEvents", "shortName": "Subsequent Events", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SubsequentEventsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R26": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2202201 - Disclosure - Summary of Significant Accounting Policies (Policies)", "role": "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesPolicies", "shortName": "Summary of Significant Accounting Policies (Policies)", "subGroupType": "policies", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R27": { "firstAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "lpla:DisaggregationofRevenueReportingCategoryTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2304301 - Disclosure - Revenue (Tables)", "role": "http://www.lpl.com/role/RevenueTables", "shortName": "Revenue (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "lpla:DisaggregationofRevenueReportingCategoryTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R28": { "firstAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2308301 - Disclosure - Fair Value Measurements (Tables)", "role": "http://www.lpl.com/role/FairValueMeasurementsTables", "shortName": "Fair Value Measurements (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R29": { "firstAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:HeldToMaturitySecuritiesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2310301 - Disclosure - Held-to-Maturity Securities (Tables)", "role": "http://www.lpl.com/role/HeldToMaturitySecuritiesTables", "shortName": "Held-to-Maturity Securities (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:HeldToMaturitySecuritiesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R3": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1003000 - Statement - Condensed Consolidated Statements of Financial Condition (Unaudited)", "role": "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "shortName": "Condensed Consolidated Statements of Financial Condition (Unaudited)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "lang": null, "name": "us-gaap:ReceivablesFromCustomers", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R30": { "firstAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfGoodwillTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2312301 - Disclosure - Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)", "role": "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsTables", "shortName": "Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfGoodwillTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R31": { "firstAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2313301 - Disclosure - Debt (Tables)", "role": "http://www.lpl.com/role/DebtTables", "shortName": "Debt (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R32": { "firstAnchor": { "ancestors": [ "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LeaseCostTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2314301 - Disclosure - Leases (Tables)", "role": "http://www.lpl.com/role/LeasesTables", "shortName": "Leases (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LeaseCostTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R33": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DividendsDeclaredTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2316301 - Disclosure - Stockholders' Equity (Tables)", "role": "http://www.lpl.com/role/StockholdersEquityTables", "shortName": "Stockholders' Equity (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DividendsDeclaredTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R34": { "firstAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2317301 - Disclosure - Share-Based Compensation (Tables)", "role": "http://www.lpl.com/role/ShareBasedCompensationTables", "shortName": "Share-Based Compensation (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R35": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2318301 - Disclosure - Earnings per Share (Tables)", "role": "http://www.lpl.com/role/EarningsPerShareTables", "shortName": "Earnings per Share (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R36": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_dei_LegalEntityAxis_lpla_LplFinancialLlcMember", "decimals": "INF", "first": true, "lang": null, "name": "lpla:OwnershipInterestPercentageInSubsidiary", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401401 - Disclosure - Organization and Description of the Company Consolidation, Parent Ownership Interest (Details)", "role": "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails", "shortName": "Organization and Description of the Company Consolidation, Parent Ownership Interest (Details)", "subGroupType": "parenthetical", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_dei_LegalEntityAxis_lpla_LplFinancialLlcMember", "decimals": "INF", "first": true, "lang": null, "name": "lpla:OwnershipInterestPercentageInSubsidiary", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" } }, "R37": { "firstAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:SegmentReportingPolicyPolicyTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:NumberOfOperatingSegments", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2402402 - Disclosure - Summary of Significant Accounting Policies Reportable Segment (Details)", "role": "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesReportableSegmentDetails", "shortName": "Summary of Significant Accounting Policies Reportable Segment (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:SegmentReportingPolicyPolicyTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:NumberOfOperatingSegments", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" } }, "R38": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DebtInstrumentCarryingAmount", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2402403 - Disclosure - Summary of Significant Accounting Policies Fair Value of Financial Instruments (Details)", "role": "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails", "shortName": "Summary of Significant Accounting Policies Fair Value of Financial Instruments (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:FairValueOfFinancialInstrumentsPolicy", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember", "decimals": "-5", "lang": null, "name": "us-gaap:DebtInstrumentFairValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R39": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:DisaggregationofRevenueReportingCategoryTimingofTransferofGoodorServiceTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:BrokerageCommissionsRevenue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2404402 - Disclosure - Revenue Commission Revenue Disaggregated by Product Category (Details)", "role": "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "shortName": "Revenue Commission Revenue Disaggregated by Product Category (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R4": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1003001 - Statement - Condensed Consolidated Statements of Financial Condition (Unaudited) (Parentheticals)", "role": "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals", "shortName": "Condensed Consolidated Statements of Financial Condition (Unaudited) (Parentheticals)", "subGroupType": "parenthetical", "uniqueAnchor": null }, "R40": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:DisaggregationofRevenueReportingCategoryTimingofTransferofGoodorServiceTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:BrokerageCommissionsRevenue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2404403 - Disclosure - Revenue Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service (Details)", "role": "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "shortName": "Revenue Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:DisaggregationofRevenueReportingCategoryTimingofTransferofGoodorServiceTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD_us-gaap_TimingOfTransferOfGoodOrServiceAxis_us-gaap_TransferredAtPointInTimeMember", "decimals": "-3", "lang": null, "name": "us-gaap:BrokerageCommissionsRevenue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R41": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "lpla:AssetBasedFees", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2404404 - Disclosure - Revenue Asset-based Revenue disaggregated by Product and Service (Details)", "role": "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "shortName": "Revenue Asset-based Revenue disaggregated by Product and Service (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:DisaggregationofRevenueProductandServiceTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD_srt_ProductOrServiceAxis_lpla_CashsweepRevenueMember", "decimals": "-3", "lang": null, "name": "lpla:AssetBasedFees", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R42": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:DisaggregationofRevenueTimingofTransferofGoodorServiceTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "lpla:TransactionAndOtherFees", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2404405 - Disclosure - Revenue Transaction and Fee Revenue Disaggregated by Timing of Transfer of Good or Service (Details)", "role": "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails", "shortName": "Revenue Transaction and Fee Revenue Disaggregated by Timing of Transfer of Good or Service (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:DisaggregationofRevenueTimingofTransferofGoodorServiceTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD_us-gaap_TimingOfTransferOfGoodOrServiceAxis_us-gaap_TransferredAtPointInTimeMember", "decimals": "-3", "lang": null, "name": "lpla:TransactionAndOtherFees", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R43": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:DeferredRevenueRevenueRecognized1", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2404406 - Disclosure - Revenue Unearned Revenue Recognized (Details)", "role": "http://www.lpl.com/role/RevenueUnearnedRevenueRecognizedDetails", "shortName": "Revenue Unearned Revenue Recognized (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:DeferredRevenueRevenueRecognized1", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R44": { "firstAnchor": { "ancestors": [ "span", "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "D2019Q3AcquisitionEffectiveDate", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessAcquisitionEffectiveDateOfAcquisition1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2407402 - Disclosure - Acquisitions (Details)", "role": "http://www.lpl.com/role/AcquisitionsDetails", "shortName": "Acquisitions (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "D2019Q3AcquisitionEffectiveDate", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessAcquisitionEffectiveDateOfAcquisition1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R45": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:TradingSecurities", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408402 - Disclosure - Fair Value Measurements Financial Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details)", "role": "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "shortName": "Fair Value Measurements Financial Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember", "decimals": "-3", "lang": null, "name": "us-gaap:CashAndCashEquivalentsFairValueDisclosure", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R46": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:HeldToMaturitySecurities", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410402 - Disclosure - Held-to-Maturity Securities (Details)", "role": "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "shortName": "Held-to-Maturity Securities (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:HeldToMaturitySecuritiesTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3_us-gaap_FinancialInstrumentAxis_us-gaap_USTreasurySecuritiesMember", "decimals": "-3", "lang": null, "name": "us-gaap:HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R47": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:HeldToMaturitySecurities", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410403 - Disclosure - Held-to-Maturity Securities (Details 1)", "role": "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1", "shortName": "Held-to-Maturity Securities (Details 1)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:InvestmentsClassifiedByContractualMaturityDateTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3_us-gaap_FinancialInstrumentAxis_us-gaap_USTreasurySecuritiesMember", "decimals": "-3", "lang": null, "name": "us-gaap:HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R48": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfGoodwillTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Goodwill", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412402 - Disclosure - Goodwill and Other Intangible Assets Goodwill (Details)", "role": "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillDetails", "shortName": "Goodwill and Other Intangible Assets Goodwill (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfGoodwillTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2017Q4", "decimals": "-3", "lang": null, "name": "us-gaap:Goodwill", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R49": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsGross", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412403 - Disclosure - Goodwill and Other Intangible Assets Intangible Assets (Components) (Details)", "role": "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails", "shortName": "Goodwill and Other Intangible Assets Intangible Assets (Components) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsGross", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R5": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2017Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquity", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1004000 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited)", "role": "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited", "shortName": "Condensed Consolidated Statements of Stockholders' Equity (Unaudited)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2017Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquity", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R50": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AmortizationOfIntangibleAssets", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412404 - Disclosure - Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details Textures)", "role": "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsDetailsTextures", "shortName": "Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details Textures)", "subGroupType": "details", "uniqueAnchor": null }, "R51": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412405 - Disclosure - Goodwill and Other Intangible Assets Intangible Assets (Future Amortization Expense) (Details)", "role": "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails", "shortName": "Goodwill and Other Intangible Assets Intangible Assets (Future Amortization Expense) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R52": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:LongTermDebt", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413402 - Disclosure - Debt (Credit Agreement Textuals) (Details)", "role": "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "shortName": "Debt (Credit Agreement Textuals) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3_us-gaap_CreditFacilityAxis_us-gaap_RevolvingCreditFacilityMember", "decimals": "-5", "lang": null, "name": "us-gaap:LettersOfCreditOutstandingAmount", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R53": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DebtInstrumentCarryingAmount", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413403 - Disclosure - Debt (Credit Agreement Outstanding) (Details)", "role": "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "shortName": "Debt (Credit Agreement Outstanding) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "lang": null, "name": "us-gaap:DebtInstrumentUnamortizedPremium", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R54": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_us-gaap_CreditFacilityAxis_us-gaap_LineOfCreditMember", "decimals": "INF", "first": true, "lang": null, "name": "lpla:NumberOfUncommittedLinesOfCredit", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413404 - Disclosure - Debt Debt (Bank Loans Payable Textuals) (Details)", "role": "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails", "shortName": "Debt Debt (Bank Loans Payable Textuals) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_us-gaap_CreditFacilityAxis_us-gaap_LineOfCreditMember", "decimals": "INF", "first": true, "lang": null, "name": "lpla:NumberOfUncommittedLinesOfCredit", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" } }, "R55": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3_dei_LegalEntityAxis_lpla_LPLFinancialLLCDomain_us-gaap_CreditFacilityAxis_us-gaap_RevolvingCreditFacilityMember", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413405 - Disclosure - Debt Broker-Dealer Credit Facility (Details)", "role": "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "shortName": "Debt Broker-Dealer Credit Facility (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3_dei_LegalEntityAxis_lpla_LPLFinancialLLCDomain_us-gaap_CreditFacilityAxis_us-gaap_RevolvingCreditFacilityMember", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R56": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_srt_RangeAxis_srt_MinimumMember", "decimals": null, "first": true, "lang": "en-US", "name": "lpla:LesseeOperatingLeaseAndFinanceLeaseRemainingLeaseTerm", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414402 - Disclosure - Leases Narrative (Details)", "role": "http://www.lpl.com/role/LeasesNarrativeDetails", "shortName": "Leases Narrative (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_srt_RangeAxis_srt_MinimumMember", "decimals": null, "first": true, "lang": "en-US", "name": "lpla:LesseeOperatingLeaseAndFinanceLeaseRemainingLeaseTerm", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R57": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:LeaseCostTableTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeaseCost", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414403 - Disclosure - Leases Components of Lease Expense (Details)", "role": "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails", "shortName": "Leases Components of Lease Expense (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:LeaseCostTableTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeaseCost", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R58": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:SupplementalcashflowinformationrelatedtoleasesTableTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasePayments", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414404 - Disclosure - Leases Supplemental Cash Flow Information Related to Leases (Details)", "role": "http://www.lpl.com/role/LeasesSupplementalCashFlowInformationRelatedToLeasesDetails", "shortName": "Leases Supplemental Cash Flow Information Related to Leases (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:SupplementalcashflowinformationrelatedtoleasesTableTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasePayments", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R59": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:SupplementalweightedaverageinformationrelatedtoleasesTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414405 - Disclosure - Leases Supplemental Weighted-Average Information Related to Leases (Details)", "role": "http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails", "shortName": "Leases Supplemental Weighted-Average Information Related to Leases (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "lpla:SupplementalweightedaverageinformationrelatedtoleasesTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FinanceLeaseWeightedAverageRemainingLeaseTerm1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R6": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1005000 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited)", "role": "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "shortName": "Condensed Consolidated Statements of Cash Flows (Unaudited)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-3", "lang": null, "name": "us-gaap:Depreciation", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R60": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:FinanceLeaseLiabilityMaturityTableTextBlock", "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414406 - Disclosure - Leases Maturities of Lease Liabilities (Details)", "role": "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails", "shortName": "Leases Maturities of Lease Liabilities (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:FinanceLeaseLiabilityMaturityTableTextBlock", "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R61": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414407 - Disclosure - Leases Maturities of Lease Liabilities at Prior Year End Under ASC Topic 840 (Details)", "role": "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details", "shortName": "Leases Maturities of Lease Liabilities at Prior Year End Under ASC Topic 840 (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R62": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LossContingencyAccrualPayments", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415401 - Disclosure - Commitments and Contingencies Commitments and Contingencies (Legal) (Details)", "role": "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails", "shortName": "Commitments and Contingencies Commitments and Contingencies (Legal) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LossContingencyAccrualPayments", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R63": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:CollateralSecuritiesRepledgedDeliveredOrUsed", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415402 - Disclosure - Commitments and Contingencies Commitments and Contingencies (Other Commitments) (Details)", "role": "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails", "shortName": "Commitments and Contingencies Commitments and Contingencies (Other Commitments) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:CollateralSecuritiesRepledgedDeliveredOrUsed", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R64": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:CommonStockDividendsPerShareCashPaid", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416402 - Disclosure - Stockholders' Equity (Dividends Paid) (Details)", "role": "http://www.lpl.com/role/StockholdersEquityDividendsPaidDetails", "shortName": "Stockholders' Equity (Dividends Paid) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:CommonStockDividendsPerShareCashPaid", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" } }, "R65": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416403 - Disclosure - Stockholdes' Equity (Share Repurchases) (Details)", "role": "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails", "shortName": "Stockholdes' Equity (Share Repurchases) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfTreasuryStockByClassTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q2QTD", "decimals": "0", "lang": null, "name": "us-gaap:TreasuryStockSharesAcquired", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R66": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized", "reportCount": 1, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417402 - Disclosure - Share-Based Compensation (Texuals) (Details)", "role": "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails", "shortName": "Share-Based Compensation (Texuals) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD_lpla_AwardRecipientAxis_lpla_EmployeesofficersanddirectorsMember_us-gaap_AwardTypeAxis_lpla_StockoptionsandwarrantsMember", "decimals": "-5", "lang": null, "name": "us-gaap:AllocatedShareBasedCompensationExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R67": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_lpla_AwardRecipientAxis_lpla_EmployeesofficersanddirectorsMember_us-gaap_AwardTypeAxis_lpla_StockoptionsandwarrantsMember", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417403 - Disclosure - Share-Based Compensation Stock Option and Warrant Assumptions (Details)", "role": "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "shortName": "Share-Based Compensation Stock Option and Warrant Assumptions (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD_lpla_AwardRecipientAxis_lpla_EmployeesofficersanddirectorsMember_us-gaap_AwardTypeAxis_lpla_StockoptionsandwarrantsMember", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R68": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417404 - Disclosure - Share-Based Compensation Stock Option and Warrant Activity (Details)", "role": "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "shortName": "Share-Based Compensation Stock Option and Warrant Activity (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2018Q4", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R69": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417405 - Disclosure - Share-Based Compensation Outstanding Stock Options and Warrant Information (Details)", "role": "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails", "shortName": "Share-Based Compensation Outstanding Stock Options and Warrant Information (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R7": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1005001 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) cash, cash equivalent and restricted cash reconciliation", "role": "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation", "shortName": "Condensed Consolidated Statements of Cash Flows (Unaudited) cash, cash equivalent and restricted cash reconciliation", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2018Q3", "decimals": "-3", "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R70": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "td", "tr", "table", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "0", "first": true, "lang": null, "name": "lpla:Stockunitsvestedandundistributed", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417406 - Disclosure - Restricted Stock Activity (Details)", "role": "http://www.lpl.com/role/RestrictedStockActivityDetails", "shortName": "Restricted Stock Activity (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "td", "tr", "table", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "0", "first": true, "lang": null, "name": "lpla:Stockunitsvestedandundistributed", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R71": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2418402 - Disclosure - Earnings per Share (Details)", "role": "http://www.lpl.com/role/EarningsPerShareDetails", "shortName": "Earnings per Share (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "-3", "lang": null, "name": "us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R72": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2418403 - Disclosure - Earnings per Share (Textuals) (Details)", "role": "http://www.lpl.com/role/EarningsPerShareTextualsDetails", "shortName": "Earnings per Share (Textuals) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3QTD", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R73": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2419401 - Disclosure - Income Taxes (Details)", "role": "http://www.lpl.com/role/IncomeTaxesDetails", "shortName": "Income Taxes (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" } }, "R74": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "2", "first": true, "lang": null, "name": "lpla:ShareholderPercentOwnershipinCompany", "reportCount": 1, "unique": true, "unitRef": "rate", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2420401 - Disclosure - Related Party Transactions (Details)", "role": "http://www.lpl.com/role/RelatedPartyTransactionsDetails", "shortName": "Related Party Transactions (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": "2", "first": true, "lang": null, "name": "lpla:ShareholderPercentOwnershipinCompany", "reportCount": 1, "unique": true, "unitRef": "rate", "xsiNil": "false" } }, "R75": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-5", "first": true, "lang": null, "name": "srt:NetCapital", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2421402 - Disclosure - Net Capital and Regulatory Requirements (Details)", "role": "http://www.lpl.com/role/NetCapitalAndRegulatoryRequirementsDetails", "shortName": "Net Capital and Regulatory Requirements (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FI2019Q3", "decimals": "-5", "first": true, "lang": null, "name": "srt:NetCapital", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R76": { "firstAnchor": { "ancestors": [ "span", "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "D2019Q4CashDividendDeclarationDate_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DividendsPayableDateDeclaredDayMonthAndYear", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2423401 - Disclosure - Subsequent Events Subsequent Events (Details)", "role": "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails", "shortName": "Subsequent Events Subsequent Events (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "span", "div", "ix:continuation", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "D2019Q4CashDividendDeclarationDate_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DividendsPayableDateDeclaredDayMonthAndYear", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R8": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:NatureOfOperations", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2101100 - Disclosure - Organization and Description of the Company", "role": "http://www.lpl.com/role/OrganizationAndDescriptionOfCompany", "shortName": "Organization and Description of the Company", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:NatureOfOperations", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R9": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2102100 - Disclosure - Summary of Significant Accounting Policies", "role": "http://www.lpl.com/role/SummaryOfSignificantAccountingPolicies", "shortName": "Summary of Significant Accounting Policies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "lpla2019093010-q.htm", "contextRef": "FD2019Q3YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 72, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date", "terseLabel": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus", "terseLabel": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus", "terseLabel": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r394" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report", "terseLabel": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r395" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report", "terseLabel": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "submissionTypeItemType" }, "dei_EntitiesTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Container to assemble all relevant information about each entity associated with the document instance", "label": "Entities [Table]", "terseLabel": "Entities [Table]" } } }, "localname": "EntitiesTable", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r396" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding", "terseLabel": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status", "terseLabel": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.", "label": "Entity [Domain]", "terseLabel": "Entity [Domain]" } } }, "localname": "EntityDomain", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DocumentAndEntityInformationDocument", "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "domainItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r396" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r396" ], "lang": { "en-US": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category", "terseLabel": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Entity Information [Line Items]", "terseLabel": "Entity Information [Line Items]" } } }, "localname": "EntityInformationLineItems", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r397" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current", "terseLabel": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r396" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r396" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company", "terseLabel": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r396" ], "lang": { "en-US": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business", "terseLabel": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r396" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "employerIdItemType" }, "dei_LegalEntityAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The set of legal entities associated with a report.", "label": "Legal Entity [Axis]", "terseLabel": "Legal Entity [Axis]" } } }, "localname": "LegalEntityAxis", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DocumentAndEntityInformationDocument", "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "stringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r392" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r393" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.lpl.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "tradingSymbolItemType" }, "lpla_AccruedCommissionsAndAdvisoryFeesPayable": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 4.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Balance of accrued commissions, recruiting bonus accruals, and other commissions payable.", "label": "Accrued Commissions And Advisory Fees Payable", "verboseLabel": "Accrued commission and advisory expenses payable" } } }, "localname": "AccruedCommissionsAndAdvisoryFeesPayable", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_AcquisitionAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Acquisition [Abstract]", "label": "Acquisition [Abstract]" } } }, "localname": "AcquisitionAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_AdditionalSeniorUnsecuredNotesdue2025Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Additional Senior Unsecured Notes due 2025 [Member]", "label": "Additional Senior Unsecured Notes due 2025 [Member]", "terseLabel": "Additional Senior Unsecured Notes due 2025 [Member]" } } }, "localname": "AdditionalSeniorUnsecuredNotesdue2025Member", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "domainItemType" }, "lpla_AdvisorAndFinancialInstitutionRelationshipsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Advisor and financial institution relationships.", "label": "Advisor And Financial Institution Relationships [Member]", "terseLabel": "Advisor And Financial Institution Relationships [Member]" } } }, "localname": "AdvisorAndFinancialInstitutionRelationshipsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "domainItemType" }, "lpla_AdvisorLoansMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Advisor Loans [Member]", "label": "Advisor Loans [Member]", "terseLabel": "Advisor Loans [Member]" } } }, "localname": "AdvisorLoansMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "domainItemType" }, "lpla_AdvisorsandFinancialInstitutionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Advisors and financial institutions.", "label": "Advisors and Financial Institutions [Member]", "terseLabel": "Advisors and Financial Institutions [Member]" } } }, "localname": "AdvisorsandFinancialInstitutionsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "lpla_AdvisoryRevenue": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnauditedCalc2": { "order": 2.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of fees charged on the LPL corporate RIA platform provided through LPL Financial to clients of LPL advisors based on the value of their advisory assets.", "label": "Advisory Revenue", "terseLabel": "Advisory Revenue" } } }, "localname": "AdvisoryRevenue", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_AlternativeInvestmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Alternative Investments [Member]", "label": "Alternative Investments [Member]", "terseLabel": "Alternative Investments [Member]" } } }, "localname": "AlternativeInvestmentsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "lpla_AssetBasedFees": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnauditedCalc2": { "order": 3.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Revenue recognized in the period for fees from cash sweep programs, sponsorship programs, omnibus processing and networking services.", "label": "Asset Based Fees", "terseLabel": "Asset-based", "verboseLabel": "Asset Based Fees" } } }, "localname": "AssetBasedFees", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails" ], "xbrltype": "monetaryItemType" }, "lpla_AssetbasedRevenuedisaggregatedbyProductandServiceAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Asset-based Revenue disaggregated by Product and Service [Abstract]", "label": "Asset-based Revenue disaggregated by Product and Service [Abstract]" } } }, "localname": "AssetbasedRevenuedisaggregatedbyProductandServiceAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_AwardRecipientAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Award Recipient [Axis]", "label": "Award Recipient [Axis]", "terseLabel": "Award Recipient [Axis]" } } }, "localname": "AwardRecipientAxis", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "stringItemType" }, "lpla_AwardRecipientTypeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Domain] for Award Recipient Type [Axis]", "label": "Award Recipient Type [Domain]", "terseLabel": "Award Recipient Type [Domain]" } } }, "localname": "AwardRecipientTypeDomain", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "lpla_CashsweepRevenueMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cash-sweep Revenue [Member]", "label": "Cash-sweep Revenue [Member]", "terseLabel": "Client cash [Member]" } } }, "localname": "CashsweepRevenueMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails" ], "xbrltype": "domainItemType" }, "lpla_ChangesInAccruedCommissionsAndAdvisoryFeesPayable": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 23.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The net change in the balance of accrued commissions, recruiting bonus accruals, and other commissions payable over the reporting period.", "label": "Changes In Accrued Commissions And Advisory Fees Payable", "verboseLabel": "Accrued commission and advisory expenses payable" } } }, "localname": "ChangesInAccruedCommissionsAndAdvisoryFeesPayable", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_ClearingCorporationAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Clearing Corporation [Axis]", "label": "Clearing Corporation [Axis]", "terseLabel": "Clearing Corporation [Axis]" } } }, "localname": "ClearingCorporationAxis", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "stringItemType" }, "lpla_ClearingCorporationDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Domain] for Clearing Corporation [Axis]", "label": "Clearing Corporation [Domain]", "terseLabel": "Clearing Corporation [Domain]" } } }, "localname": "ClearingCorporationDomain", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "domainItemType" }, "lpla_CommissionFeePaidPerRepurchasedShare": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission Fee Paid Per Repurchased Share", "label": "Commission Fee Paid Per Repurchased Share", "terseLabel": "Commission Fee Paid Per Repurchased Share" } } }, "localname": "CommissionFeePaidPerRepurchasedShare", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "perShareItemType" }, "lpla_CommissionRevenueDisaggregatedbyProductCategoryandTimingofTransferofGoodorServiceAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service [Abstract]", "label": "Commission Revenue Disaggregated by Product Category and Timing of Transfer of Good or Service [Abstract]" } } }, "localname": "CommissionRevenueDisaggregatedbyProductCategoryandTimingofTransferofGoodorServiceAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_CommissionRevenuedisaggregatedbyInvestmentProductCategoryAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission Revenue disaggregated by Investment Product Category [Abstract]", "label": "Commission Revenue disaggregated by Investment Product Category [Abstract]" } } }, "localname": "CommissionRevenuedisaggregatedbyInvestmentProductCategoryAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_CommissionsAndAdvisoryFees": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 1.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Gross commissions and advisory fees that are earned and paid out to customers based on the sale of various products and services, production bonuses for achieving production levels, share-based compensation expense for stock options and warrants granted to customers, and deferred commissions for customers as part of a non-qualified deferred compensation plan.", "label": "Commissions And Advisory Fees", "terseLabel": "Commission and advisory" } } }, "localname": "CommissionsAndAdvisoryFees", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRiskAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Concentration risk credit risk financial instruments off balance sheet risk.", "label": "Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk [Abstract]" } } }, "localname": "ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRiskAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRiskTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Description of financial instruments, excluding certain derivatives, with off-balance sheet credit risk (for example, standby letters of credit or financial guarantees), including (1) information about the (shared) activity, region or economic characteristic that identifies the concentration, (2) the face or contract amount of the instrument, (3) the nature and terms of the instrument, including the market risk, cash requirements and accounting policies for it, (4) the maximum amount of loss due to credit risk that would be incurred if the counterparties failed completely to perform according to the terms of the contracts, and any security or collateral that proved to be of no value, (5) the entity's policy of requiring collateral or other security to support financial instruments subject to credit risk, information about access to collateral or other security, and a brief description of the security supporting those financial instruments, and (6) the policy of entering into and a brief description of master netting arrangements to mitigate the credit risk, and the extent to which such arrangements would reduce the maximum amount of loss due to credit risk.", "label": "Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk [Text Block]", "verboseLabel": "Financial Instruments with Off-Balance-Sheet Credit Risk and Concentrations of Credit Risk" } } }, "localname": "ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRiskTextBlock", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/FinancialInstrumentsWithOffBalanceSheetCreditRiskAndConcentrationsOfCreditRisk" ], "xbrltype": "textBlockItemType" }, "lpla_DebtInstrumentAmortizationPaymentPercentage": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt Instrument, Amortization Payment, Percentage", "label": "Debt Instrument, Amortization Payment, Percentage", "terseLabel": "Amortization payment (as percent)" } } }, "localname": "DebtInstrumentAmortizationPaymentPercentage", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "percentItemType" }, "lpla_DisaggregationofRevenueProductandServiceTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disaggregation of Revenue - Product and Service [Table Text Block]", "label": "Disaggregation of Revenue - Product and Service [Table Text Block]", "terseLabel": "Disaggregation of Revenue - Product and Service [Table Text Block]" } } }, "localname": "DisaggregationofRevenueProductandServiceTableTextBlock", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueTables" ], "xbrltype": "textBlockItemType" }, "lpla_DisaggregationofRevenueReportingCategoryTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disaggregation of Revenue - Reporting Category [Table Text Block]", "label": "Disaggregation of Revenue - Reporting Category [Table Text Block]", "terseLabel": "Disaggregation of Revenue - Reporting Category [Table Text Block]" } } }, "localname": "DisaggregationofRevenueReportingCategoryTableTextBlock", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueTables" ], "xbrltype": "textBlockItemType" }, "lpla_DisaggregationofRevenueReportingCategoryTimingofTransferofGoodorServiceTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disaggregation of Revenue - Reporting Category & Timing of Transfer of Good or Service [Table Text Block]", "label": "Disaggregation of Revenue - Reporting Category & Timing of Transfer of Good or Service [Table Text Block]", "terseLabel": "Disaggregation of Revenue - Reporting Category & Timing of Transfer of Good or Service [Table Text Block]" } } }, "localname": "DisaggregationofRevenueReportingCategoryTimingofTransferofGoodorServiceTableTextBlock", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueTables" ], "xbrltype": "textBlockItemType" }, "lpla_DisaggregationofRevenueTimingofTransferofGoodorServiceTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disaggregation of Revenue - Timing of Transfer of Good or Service [Table Text Block]", "label": "Disaggregation of Revenue - Timing of Transfer of Good or Service [Table Text Block]", "terseLabel": "Disaggregation of Revenue - Timing of Transfer of Good or Service [Table Text Block]" } } }, "localname": "DisaggregationofRevenueTimingofTransferofGoodorServiceTableTextBlock", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueTables" ], "xbrltype": "textBlockItemType" }, "lpla_DocumentAndEntityInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "", "label": "Document and Entity Information [Abstract]" } } }, "localname": "DocumentAndEntityInformationAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_DraftsPayableChangesInOperatingAssetsAndLiabilities": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 20.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The net change during the reporting period in the amounts due on drafts payable during the reporting period.", "label": "Drafts Payable Changes In Operating Assets And Liabilities", "terseLabel": "Drafts payable" } } }, "localname": "DraftsPayableChangesInOperatingAssetsAndLiabilities", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_EmployeesofficersanddirectorsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Employees, officers, and directors [Member]", "label": "Employees, officers, and directors [Member]", "terseLabel": "Employees, officers, and directors [Member]" } } }, "localname": "EmployeesofficersanddirectorsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "lpla_FinanceLeaseTotalCost": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Finance Lease, Total Cost", "label": "Finance Lease, Total Cost", "totalLabel": "Total finance lease cost" } } }, "localname": "FinanceLeaseTotalCost", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails" ], "xbrltype": "monetaryItemType" }, "lpla_FourthAmendmentAgreementTermLoanBMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fourth Amendment Agreement Term Loan B Credit Agreement entered on March 10, 2017[Member]", "label": "Fourth Amendment Agreement Term Loan B [Member]", "terseLabel": "Fourth Amendment Agreement Term Loan B [Member]" } } }, "localname": "FourthAmendmentAgreementTermLoanBMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "lpla_IncreaseDecreaseInRightOfUseAssetsAndLeaseLiabilitiesNet": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 18.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Increase (Decrease) In Right Of Use Assets And Lease Liabilities Net", "label": "Increase (Decrease) In Right Of Use Assets And Lease Liabilities Net", "negatedTerseLabel": "Operating leases" } } }, "localname": "IncreaseDecreaseInRightOfUseAssetsAndLeaseLiabilitiesNet", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_IncreaseDecreasePayablesToClients": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 21.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The net change during the reporting period in payables to clients, includes amounts payable on cash and margin transactions, including interest on certain client balances.", "label": "Increase Decrease Payables To Clients", "terseLabel": "Payables to clients" } } }, "localname": "IncreaseDecreasePayablesToClients", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_IncreaseDecreaseReceivablesFromClients": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 12.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net change during the reporting period in receivables from brokerage clients. Brokerage client balances include margin loans to clients stated, net of allowance for doubtful accounts.", "label": "Increase Decrease Receivables From Clients", "negatedLabel": "Receivables from clients" } } }, "localname": "IncreaseDecreaseReceivablesFromClients", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_IntangibleAssetsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Intangible Assets [Line Items]", "label": "Intangible Assets [Line Items]", "terseLabel": "Intangible Assets [Line Items]" } } }, "localname": "IntangibleAssetsLineItems", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "stringItemType" }, "lpla_InterestRateFloor": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Interest rate floor the eurodollar rate is subject to.", "label": "Interest Rate Floor", "terseLabel": "Interest Rate Floor" } } }, "localname": "InterestRateFloor", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "percentItemType" }, "lpla_LPLFinancialLLCDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "LPL Financial LLC [Domain]", "label": "LPL Financial LLC [Domain]", "terseLabel": "LPL Financial LLC [Domain]" } } }, "localname": "LPLFinancialLLCDomain", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails" ], "xbrltype": "domainItemType" }, "lpla_LeaseholdFinancingObligation": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 12.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Leasehold Financing Obligation", "label": "Leasehold Financing Obligation", "terseLabel": "Leasehold financing and capital lease obligations" } } }, "localname": "LeaseholdFinancingObligation", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_LesseeOperatingLeaseAndFinanceLeaseRemainingLeaseTerm": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Lessee, Operating Lease and Finance Lease, Remaining Lease Term", "label": "Lessee, Operating Lease And Finance Lease, Remaining Lease Term", "terseLabel": "Remaining lease terms (in years)" } } }, "localname": "LesseeOperatingLeaseAndFinanceLeaseRemainingLeaseTerm", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "durationItemType" }, "lpla_LesseeOperatingLeaseAndFinanceLeaseRenewalTerm": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Lessee, Operating Lease and Finance Lease, Renewal Term", "label": "Lessee, Operating Lease And Finance Lease, Renewal Term", "terseLabel": "Options to extend leases (in years)" } } }, "localname": "LesseeOperatingLeaseAndFinanceLeaseRenewalTerm", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "durationItemType" }, "lpla_LoanForgiveness": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 10.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Forgiven portion of previously issued loans to certain shareholders, net of interest incurred.", "label": "Loan Forgiveness", "terseLabel": "Loan forgiveness" } } }, "localname": "LoanForgiveness", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_LplFinancialLlcMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "LPL Financial LLC", "label": "Lpl Financial Llc [Member]", "terseLabel": "Lpl Financial Llc [Member]" } } }, "localname": "LplFinancialLlcMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "domainItemType" }, "lpla_MutualFundsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors.", "label": "Mutual Funds [Member]", "terseLabel": "Mutual Funds [Member]" } } }, "localname": "MutualFundsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "domainItemType" }, "lpla_NationalSecuritiesClearingCorporationMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "National Securities Clearing Corporation [Member]", "label": "National Securities Clearing Corporation [Member]", "terseLabel": "National Securities Clearing Corporation [Member]" } } }, "localname": "NationalSecuritiesClearingCorporationMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "domainItemType" }, "lpla_Noncashfinanceobligation": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase during the period in finance obligations related to real estate projects that results in no cash inflows or outflows during the period in which they occur.", "label": "non cash finance obligation", "terseLabel": "Lease assets obtained in exchange for operating lease liabilities" } } }, "localname": "Noncashfinanceobligation", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_NumberOfUncommittedLinesOfCredit": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number of uncommitted lines of credit mainted by the Company.", "label": "Number Of Uncommitted Lines Of Credit", "terseLabel": "Total number of uncommitted lines of credit" } } }, "localname": "NumberOfUncommittedLinesOfCredit", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "integerItemType" }, "lpla_OptionsClearingCorporationMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Options Clearing Corporation [Member]", "label": "Options Clearing Corporation [Member]", "terseLabel": "Options Clearing Corporation [Member]" } } }, "localname": "OptionsClearingCorporationMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "domainItemType" }, "lpla_OtherCommitmentNonLeaseCommitment": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Other Commitment, Non-Lease Commitment", "label": "Other Commitment, Non-Lease Commitment", "terseLabel": "Non-lease commitments excluded from minimum payments" } } }, "localname": "OtherCommitmentNonLeaseCommitment", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "lpla_OtherInvestmentMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other Investment [Member]", "label": "Other Investment [Member]", "terseLabel": "Other [Member]" } } }, "localname": "OtherInvestmentMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "lpla_OwnershipInterestPercentageInSubsidiary": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Ownership interest percentage in subsidiary.", "label": "Ownership Interest Percentage In Subsidiary", "terseLabel": "Ownership Interest Percentage In Subsidiary" } } }, "localname": "OwnershipInterestPercentageInSubsidiary", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "percentItemType" }, "lpla_PaymentofLeaseholdFinancingObligation": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Payment of Leasehold Financing Obligation", "label": "Payment of Leasehold Financing Obligation", "negatedTerseLabel": "Principal payment of finance leases and obligations" } } }, "localname": "PaymentofLeaseholdFinancingObligation", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_ProductSponsorRelationshipsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Product sponsor relationships.", "label": "Product Sponsor Relationships [Member]", "terseLabel": "Product Sponsor Relationships [Member]" } } }, "localname": "ProductSponsorRelationshipsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "domainItemType" }, "lpla_PromotionalExpenses": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 3.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The total expense recognized in the period for promotional items and business development costs.", "label": "Promotional Expenses", "terseLabel": "Promotional" } } }, "localname": "PromotionalExpenses", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "lpla_PtcHoldingsIncMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "PTC Holdings Inc.", "label": "Ptc Holdings Inc [Member]", "terseLabel": "Ptc Holdings Inc [Member]" } } }, "localname": "PtcHoldingsIncMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "domainItemType" }, "lpla_RangeFiveMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Range Five.", "label": "Range Five [Member]", "terseLabel": "$65.01 - $75.00" } } }, "localname": "RangeFiveMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "domainItemType" }, "lpla_RangeFourMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Range Four.", "label": "Range Four [Member]", "terseLabel": "$45.01 - $65.00" } } }, "localname": "RangeFourMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "domainItemType" }, "lpla_RangeOneMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Range One.", "label": "Range One [Member]", "terseLabel": "$18.01 - $25.00" } } }, "localname": "RangeOneMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "domainItemType" }, "lpla_RangeSixMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Range Six.", "label": "Range Six [Member]", "terseLabel": "$75.01 - $80.00" } } }, "localname": "RangeSixMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "domainItemType" }, "lpla_RangeThreeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Range Three.", "label": "Range Three [Member]", "terseLabel": "$35.01 - $45.00" } } }, "localname": "RangeThreeMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "domainItemType" }, "lpla_RangeTwoMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Range Two.", "label": "Range Two [Member]", "terseLabel": "$25.01 - $35.00" } } }, "localname": "RangeTwoMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "domainItemType" }, "lpla_ReceivablesFromClientsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Receivables from clients for amounts due on cash and margin transactions [Member]", "label": "Receivables from clients [Member]", "terseLabel": "Receivables from clients [Member]" } } }, "localname": "ReceivablesFromClientsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "domainItemType" }, "lpla_ReceivablesFromOthersMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Receivables from others consisting primarily of other accrued fees from product sponsors and advisors [Member]", "label": "Receivables from others [Member]", "terseLabel": "Receivables from others [Member]" } } }, "localname": "ReceivablesFromOthersMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "domainItemType" }, "lpla_RecordkeepingRevenuesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Recordkeeping Revenues [Member]", "label": "Recordkeeping Revenues [Member]", "terseLabel": "Recordkeeping [Member]" } } }, "localname": "RecordkeepingRevenuesMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails" ], "xbrltype": "domainItemType" }, "lpla_RestrictedStockAwardsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share awards for directors that an entity has not yet issued because the agreed-upon consideration, such as employee services, has not yet been received.", "label": "Restricted stock awards [Member]", "terseLabel": "Restricted stock awards [Member]" } } }, "localname": "RestrictedStockAwardsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "lpla_ScheduleOfIntangibleAssetsByMajorClassTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule of Intangible Assets by Major Class [Table]", "label": "Schedule of Intangible Assets by Major Class [Table]", "terseLabel": "Schedule of Intangible Assets by Major Class [Table]" } } }, "localname": "ScheduleOfIntangibleAssetsByMajorClassTable", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "stringItemType" }, "lpla_SecuritiesOwnedAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Securities owned:", "label": "Securities Owned Abstract", "verboseLabel": "Securities owned:" } } }, "localname": "SecuritiesOwnedAbstract", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "stringItemType" }, "lpla_SeniorNotesDue2025Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Senior Notes Due 2025 [Member]", "label": "Senior Notes Due 2025 [Member]", "terseLabel": "Senior Notes Due 2025 [Member]" } } }, "localname": "SeniorNotesDue2025Member", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "lpla_ShareholderPercentOwnershipinCompany": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Shareholder Percent Ownership in Company", "label": "Shareholder Percent Ownership in Company", "terseLabel": "Shareholder Percent Ownership in Company" } } }, "localname": "ShareholderPercentOwnershipinCompany", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "percentItemType" }, "lpla_SponsorshipProgramsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "LPL receives compensation from certain financial product manufacturers and is paid in connection with programs that support LPL marketing and sales force education and training efforts referred to as, Sponsorship Programs [Member]", "label": "Sponsorship Programs [Member]", "terseLabel": "Sponsorship Programs [Member]" } } }, "localname": "SponsorshipProgramsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails" ], "xbrltype": "domainItemType" }, "lpla_StockoptionsandwarrantsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock options and warrants [Member]", "label": "Stock options and warrants [Member]", "terseLabel": "Stock options and warrants [Member]" } } }, "localname": "StockoptionsandwarrantsMember", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "lpla_Stockunitsvestedandundistributed": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock units vested and undistributed", "label": "Stock units vested and undistributed", "terseLabel": "Stock units vested and undistributed" } } }, "localname": "Stockunitsvestedandundistributed", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "sharesItemType" }, "lpla_SubsequentEventAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Subsequent Event [Abstract]", "label": "Subsequent Event [Abstract]" } } }, "localname": "SubsequentEventAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_SupplementalcashflowinformationrelatedtoleasesTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Supplemental cash flow information related to leases [Table Text Block]", "label": "Supplemental cash flow information related to leases [Table Text Block]", "terseLabel": "Schedule of Supplemental Cash Flow information related to leases" } } }, "localname": "SupplementalcashflowinformationrelatedtoleasesTableTextBlock", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "lpla_SupplementalweightedaverageinformationrelatedtoleasesTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Supplemental weighted-average information related to leases", "label": "Supplemental weighted-average information related to leases [Text Block]", "terseLabel": "Schedule of Supplemental weighted-average information related to leases" } } }, "localname": "SupplementalweightedaverageinformationrelatedtoleasesTextBlock", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "lpla_TransactionAndOtherFees": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnauditedCalc2": { "order": 4.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Revenue recognized in the period from transaction fees and ticket charges, subscription fees, IRA custodian fees, contract and license fees, conference fees and small or inactive account fees.", "label": "Transaction And Other Fees", "terseLabel": "Transaction and fee", "verboseLabel": "Transaction And Other Fees" } } }, "localname": "TransactionAndOtherFees", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "monetaryItemType" }, "lpla_UncommittedLinesOfCreditUnspecifiedLimit": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The number of uncommitted lines of credit with an unspecified limit maintained by the Company.", "label": "Uncommitted lines of credit, unspecified limit", "terseLabel": "Number of uncommitted lines of credit with an unspecified limit" } } }, "localname": "UncommittedLinesOfCreditUnspecifiedLimit", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "decimalItemType" }, "lpla_UnearnedRevenueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unearned Revenue [Abstract]", "label": "Unearned Revenue [Abstract]" } } }, "localname": "UnearnedRevenueAbstract", "nsuri": "http://www.lpl.com/20190930", "xbrltype": "stringItemType" }, "lpla_WeighedAverageRemainingLeaseTermAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighed Average Remaining Lease Term [Abstract]", "label": "Weighed Average Remaining Lease Term [Abstract]", "terseLabel": "Weighed Average Remaining Lease Term [Abstract]" } } }, "localname": "WeighedAverageRemainingLeaseTermAbstract", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails" ], "xbrltype": "stringItemType" }, "lpla_WeightedaveragediscountrateAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted-average discount rate [Abstract]", "label": "Weighted-average discount rate [Abstract]", "terseLabel": "Weighted-average discount rate [Abstract]" } } }, "localname": "WeightedaveragediscountrateAbstract", "nsuri": "http://www.lpl.com/20190930", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails" ], "xbrltype": "stringItemType" }, "srt_BrokersAndDealersAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Brokers and Dealers [Abstract]" } } }, "localname": "BrokersAndDealersAbstract", "nsuri": "http://fasb.org/srt/2019-01-31", "xbrltype": "stringItemType" }, "srt_ConsolidationItemsAxis": { "auth_ref": [ "r100", "r105" ], "lang": { "en-US": { "role": { "documentation": "Information by components, eliminations, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.", "label": "Consolidation Items [Axis]", "terseLabel": "Consolidation Items [Axis]" } } }, "localname": "ConsolidationItemsAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "stringItemType" }, "srt_ConsolidationItemsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.", "label": "Consolidation Items [Domain]", "terseLabel": "Consolidation Items [Domain]" } } }, "localname": "ConsolidationItemsDomain", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "domainItemType" }, "srt_DraftsPayable": { "auth_ref": [ "r401" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 1.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of draft payable by broker-dealer.", "label": "Broker-Dealer, Draft Payable", "terseLabel": "Drafts payable" } } }, "localname": "DraftsPayable", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "srt_LitigationCaseAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of judicial proceeding, alternative dispute resolution or claim.", "label": "Litigation Case [Axis]", "terseLabel": "Litigation Case [Axis]" } } }, "localname": "LitigationCaseAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "stringItemType" }, "srt_LitigationCaseTypeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Judicial proceeding, alternative dispute resolution or claim. For example, but not limited to, name of case, category of litigation, or other differentiating information.", "label": "Litigation Case [Domain]", "terseLabel": "Litigation Case [Domain]" } } }, "localname": "LitigationCaseTypeDomain", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "domainItemType" }, "srt_MajorCustomersAxis": { "auth_ref": [ "r108", "r189", "r192", "r379" ], "lang": { "en-US": { "role": { "documentation": "Information by name or description of a single external customer or a group of external customers.", "label": "Customer [Axis]", "terseLabel": "Customer [Axis]" } } }, "localname": "MajorCustomersAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "srt_MaximumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Upper limit of the provided range.", "label": "Maximum [Member]", "terseLabel": "Maximum" } } }, "localname": "MaximumMember", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_MinimumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Lower limit of the provided range.", "label": "Minimum [Member]", "terseLabel": "Minimum" } } }, "localname": "MinimumMember", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1": { "auth_ref": [ "r401" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Minimum amount of net capital required to be maintained by broker-dealer subsidiary to engage in security transaction, calculated under Aggregate Indebtedness Standard.", "label": "Broker-Dealer, Minimum Net Capital Required, Broker-Dealer Subsidiary, Aggregate Indebtedness Standard", "terseLabel": "Broker-Dealer, Minimum Net Capital Required, Broker-Dealer Subsidiary, Aggregate Indebtedness Standard" } } }, "localname": "MinimumNetCapitalRequiredForBrokerDealerSubsidiary1", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/NetCapitalAndRegulatoryRequirementsDetails" ], "xbrltype": "monetaryItemType" }, "srt_NameOfMajorCustomerDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Single external customer or group of external customers.", "label": "Customer [Domain]", "terseLabel": "Customer [Domain]" } } }, "localname": "NameOfMajorCustomerDomain", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "srt_NetCapital": { "auth_ref": [ "r401" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of net capital of broker-dealer.", "label": "Broker-Dealer, Net Capital", "terseLabel": "Broker-Dealer, Net Capital" } } }, "localname": "NetCapital", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/NetCapitalAndRegulatoryRequirementsDetails" ], "xbrltype": "monetaryItemType" }, "srt_OwnershipAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment.", "label": "Ownership [Axis]", "terseLabel": "Ownership [Axis]" } } }, "localname": "OwnershipAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails" ], "xbrltype": "stringItemType" }, "srt_OwnershipDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment.", "label": "Ownership [Domain]", "terseLabel": "Ownership [Domain]" } } }, "localname": "OwnershipDomain", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails" ], "xbrltype": "domainItemType" }, "srt_PayablesToBrokerDealersAndClearingOrganizations": { "auth_ref": [ "r401" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 3.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount payable to other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable.", "label": "Broker-Dealer, Payable to Other Broker-Dealer and Clearing Organization", "verboseLabel": "Payables to broker-dealers and clearing organizations" } } }, "localname": "PayablesToBrokerDealersAndClearingOrganizations", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "srt_PayablesToCustomers": { "auth_ref": [ "r401" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 2.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount payable to customer by broker-dealer.", "label": "Broker-Dealer, Payable to Customer", "verboseLabel": "Payables to clients" } } }, "localname": "PayablesToCustomers", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "srt_ProductOrServiceAxis": { "auth_ref": [ "r106", "r189", "r190", "r376", "r377" ], "lang": { "en-US": { "role": { "documentation": "Information by product and service, or group of similar products and similar services.", "label": "Product and Service [Axis]", "terseLabel": "Product and Service [Axis]" } } }, "localname": "ProductOrServiceAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "srt_ProductsAndServicesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Product or service, or a group of similar products or similar services.", "label": "Product and Service [Domain]", "terseLabel": "Product and Service [Domain]" } } }, "localname": "ProductsAndServicesDomain", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "srt_RangeAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median.", "label": "Statistical Measurement [Axis]", "terseLabel": "Statistical Measurement [Axis]" } } }, "localname": "RangeAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/LeasesNarrativeDetails", "http://www.lpl.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "srt_RangeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median.", "label": "Statistical Measurement [Domain]", "terseLabel": "Statistical Measurement [Domain]" } } }, "localname": "RangeMember", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/LeasesNarrativeDetails", "http://www.lpl.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "srt_RegulatoryCapitalRequirementsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]", "verboseLabel": "Net capital and net capital requirements for the Company's broker-dealer subsidiaries" } } }, "localname": "RegulatoryCapitalRequirementsAbstract", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/NetCapitalAndRegulatoryRequirementsDetails" ], "xbrltype": "stringItemType" }, "srt_ScenarioForecastMember": { "auth_ref": [ "r398" ], "lang": { "en-US": { "role": { "documentation": "Information reported for future period.", "label": "Forecast [Member]", "terseLabel": "Forecast [Member]" } } }, "localname": "ScenarioForecastMember", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails" ], "xbrltype": "domainItemType" }, "srt_ScenarioUnspecifiedDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Scenario reported, distinguishing information from actual fact. Includes, but is not limited to, pro forma and forecast. Excludes actual facts.", "label": "Scenario [Domain]", "terseLabel": "Scenario [Domain]" } } }, "localname": "ScenarioUnspecifiedDomain", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "domainItemType" }, "srt_SegmentGeographicalDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Geographical area.", "label": "Geographical [Domain]", "terseLabel": "Geographical [Domain]" } } }, "localname": "SegmentGeographicalDomain", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "srt_StatementGeographicalAxis": { "auth_ref": [ "r107", "r189", "r191", "r378", "r390", "r391", "r399", "r400" ], "lang": { "en-US": { "role": { "documentation": "Information by geographical components.", "label": "Geographical [Axis]", "terseLabel": "Geographical [Axis]" } } }, "localname": "StatementGeographicalAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "srt_StatementScenarioAxis": { "auth_ref": [ "r162", "r313" ], "lang": { "en-US": { "role": { "documentation": "Information by scenario reported, distinguishing information from actual fact. Includes, but is not limited to, pro forma and forecast. Excludes actual facts.", "label": "Scenario [Axis]", "terseLabel": "Statement, Scenario [Axis]", "verboseLabel": "Footnote, Scenario [Axis]" } } }, "localname": "StatementScenarioAxis", "nsuri": "http://fasb.org/srt/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_AccountingPoliciesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Accounting Policies [Abstract]" } } }, "localname": "AccountingPoliciesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis": { "auth_ref": [ "r29" ], "lang": { "en-US": { "role": { "documentation": "Information by type of receivable.", "label": "Receivable Type [Axis]", "terseLabel": "Receivable Type [Axis]" } } }, "localname": "AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "stringItemType" }, "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent": { "auth_ref": [ "r344", "r370" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 5.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.", "label": "Accounts Payable and Accrued Liabilities", "verboseLabel": "Accounts payable and accrued liabilities" } } }, "localname": "AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsPayableAndAccruedLiabilitiesFairValueDisclosure": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesFairValueDisclosure", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of trade and related party payables and accrued expenses.", "label": "Accounts Payable and Accrued Liabilities, Fair Value Disclosure", "terseLabel": "Accounts payable and accrued liabilities" } } }, "localname": "AccountsPayableAndAccruedLiabilitiesFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment": { "auth_ref": [ "r21", "r157" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.", "label": "Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment", "terseLabel": "Accumulated depreciation and amortization, Fixed assets" } } }, "localname": "AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": { "auth_ref": [ "r33", "r34", "r35" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 5.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.", "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax", "terseLabel": "Accumulated other comprehensive income" } } }, "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeMember": { "auth_ref": [ "r32", "r35", "r36", "r261" ], "lang": { "en-US": { "role": { "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners.", "label": "AOCI Attributable to Parent [Member]", "verboseLabel": "Accumulated Other Comprehensive Income (Loss)" } } }, "localname": "AccumulatedOtherComprehensiveIncomeMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife": { "auth_ref": [ "r145" ], "lang": { "en-US": { "role": { "documentation": "Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Acquired Finite-lived Intangible Assets, Weighted Average Useful Life", "terseLabel": "Weighed-Average Life Remaining (in years)" } } }, "localname": "AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_AdditionalPaidInCapitalCommonStock": { "auth_ref": [ "r14" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 2.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.", "label": "Additional Paid in Capital, Common Stock", "verboseLabel": "Additional paid-in capital" } } }, "localname": "AdditionalPaidInCapitalCommonStock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdditionalPaidInCapitalMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.", "label": "Additional Paid-in Capital [Member]", "terseLabel": "Additional Paid-In Capital" } } }, "localname": "AdditionalPaidInCapitalMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in additional paid in capital (APIC) resulting from a tax benefit (deficiency) associated with an share-based compensation plan other than an employee stock ownership plan (ESOP).", "label": "Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net", "verboseLabel": "Excess tax benefits (tax deficiency) from share-based compensation" } } }, "localname": "AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]", "verboseLabel": "Noncash items:" } } }, "localname": "AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": { "auth_ref": [ "r201", "r203", "r236", "r237" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.", "label": "APIC, Share-based Payment Arrangement, Increase for Cost Recognition", "verboseLabel": "Share-based compensation" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]", "verboseLabel": "Adjustments to reconcile net income to net cash provided by (used in) operating activities:" } } }, "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_AllocatedShareBasedCompensationExpense": { "auth_ref": [ "r203", "r230", "r235" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.", "label": "Share-based Payment Arrangement, Expense", "verboseLabel": "Share-based compensation" } } }, "localname": "AllocatedShareBasedCompensationExpense", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AllowanceForDoubtfulAccountsReceivable": { "auth_ref": [ "r110", "r123", "r125", "r127" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of allowance for credit loss on accounts receivable.", "label": "Accounts Receivable, Allowance for Credit Loss", "terseLabel": "Allowances on receivables" } } }, "localname": "AllowanceForDoubtfulAccountsReceivable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "monetaryItemType" }, "us-gaap_AmortizationOfFinancingCosts": { "auth_ref": [ "r47", "r71", "r282" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense attributable to debt issuance costs.", "label": "Amortization of Debt Issuance Costs", "verboseLabel": "Amortization of debt issuance costs" } } }, "localname": "AmortizationOfFinancingCosts", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_AmortizationOfIntangibleAssets": { "auth_ref": [ "r71", "r143", "r151" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 5.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Amortization of Intangible Assets", "terseLabel": "Amortization of intangible assets", "verboseLabel": "Total amortization expense of intangible assets" } } }, "localname": "AmortizationOfIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsDetailsTextures" ], "xbrltype": "monetaryItemType" }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": { "auth_ref": [ "r93" ], "lang": { "en-US": { "role": { "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.", "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount", "verboseLabel": "Antidilutive securities excluded from computation of Earnings per Share amount" } } }, "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/EarningsPerShareTextualsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_Assets": { "auth_ref": [ "r103", "r337", "r363" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets", "totalLabel": "Total assets" } } }, "localname": "Assets", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Assets [Abstract]", "verboseLabel": "ASSETS" } } }, "localname": "AssetsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsFairValueDisclosure": { "auth_ref": [ "r268" ], "calculation": { "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets, Fair Value Disclosure", "totalLabel": "Total assets at fair value" } } }, "localname": "AssetsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AwardTypeAxis": { "auth_ref": [ "r204", "r232" ], "lang": { "en-US": { "role": { "documentation": "Information by type of award under share-based payment arrangement.", "label": "Award Type [Axis]", "terseLabel": "Award Type [Axis]" } } }, "localname": "AwardTypeAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BalanceSheetLocationAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by location on balance sheet (statement of financial position).", "label": "Balance Sheet Location [Axis]", "terseLabel": "Balance Sheet Location [Axis]" } } }, "localname": "BalanceSheetLocationAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BalanceSheetLocationDomain": { "auth_ref": [ "r266", "r267" ], "lang": { "en-US": { "role": { "documentation": "Location in the balance sheet (statement of financial position).", "label": "Balance Sheet Location [Domain]", "terseLabel": "Balance Sheet Location [Domain]" } } }, "localname": "BalanceSheetLocationDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BaseRateMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Minimum rate investor will accept.", "label": "Base Rate [Member]", "terseLabel": "Base Rate [Member]" } } }, "localname": "BaseRateMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BasisOfAccountingPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).", "label": "Basis of Accounting, Policy [Policy Text Block]", "terseLabel": "Basis of Presentation" } } }, "localname": "BasisOfAccountingPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock": { "auth_ref": [ "r85" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.", "label": "Basis of Presentation and Significant Accounting Policies [Text Block]", "terseLabel": "Summary of Significant Accounting Policies" } } }, "localname": "BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_BrokerageCommissionsRevenue": { "auth_ref": [ "r327", "r350" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnauditedCalc2": { "order": 1.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of commission revenue from buying and selling securities on behalf of customers.", "label": "Brokerage Commissions Revenue", "terseLabel": "Brokerage Commissions Revenue", "verboseLabel": "Commission" } } }, "localname": "BrokerageCommissionsRevenue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_BrokersAndDealersDisclosureTextBlock": { "auth_ref": [ "r334" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for financial services, specifically for brokers and dealers, for the accounting period and at the balance sheet date. Disclosure may include amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records. May also include disclosure on company's consolidation policy and a note indicating the amount of the broker-dealer's actual net capital and the amount of required net capital.", "label": "Brokers and Dealers Disclosure [Text Block]", "terseLabel": "Net Capital and Regulatory Requirements" } } }, "localname": "BrokersAndDealersDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/NetCapitalAndRegulatoryRequirements" ], "xbrltype": "textBlockItemType" }, "us-gaap_BusinessAcquisitionAcquireeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Identification of the acquiree in a material business combination (or series of individually immaterial business combinations), which may include the name or other type of identification of the acquiree.", "label": "Business Acquisition, Acquiree [Domain]", "terseLabel": "Business Acquisition, Acquiree [Domain]" } } }, "localname": "BusinessAcquisitionAcquireeDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_BusinessAcquisitionAxis": { "auth_ref": [ "r252", "r253" ], "lang": { "en-US": { "role": { "documentation": "Information by business combination or series of individually immaterial business combinations.", "label": "Business Acquisition [Axis]", "terseLabel": "Business Acquisition [Axis]" } } }, "localname": "BusinessAcquisitionAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1": { "auth_ref": [ "r249", "r250", "r251" ], "lang": { "en-US": { "role": { "documentation": "Date when the acquirer obtains control of the acquiree, in CCYY-MM-DD format.", "label": "Business Acquisition, Effective Date of Acquisition", "terseLabel": "Business Acquisition, Effective Date of Acquisition" } } }, "localname": "BusinessAcquisitionEffectiveDateOfAcquisition1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails" ], "xbrltype": "dateItemType" }, "us-gaap_BusinessAcquisitionLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Business Acquisition [Line Items]", "terseLabel": "Business Acquisition [Line Items]" } } }, "localname": "BusinessAcquisitionLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh": { "auth_ref": [ "r258" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "For contingent consideration arrangements recognized in connection with a business combination, this element represents an estimate of the high-end of the potential range (undiscounted) of the consideration which may be paid.", "label": "Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High", "terseLabel": "Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High" } } }, "localname": "BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_BusinessCombinationDisclosureTextBlock": { "auth_ref": [ "r259" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).", "label": "Business Combination Disclosure [Text Block]", "terseLabel": "Acquisitions" } } }, "localname": "BusinessCombinationDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsAcquisitions" ], "xbrltype": "textBlockItemType" }, "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets": { "auth_ref": [ "r254" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 16.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of assets acquired at the acquisition date.", "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets", "terseLabel": "Deferred transaction costs" } } }, "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_BusinessCombinationsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Business Combinations [Abstract]" } } }, "localname": "BusinessCombinationsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_CapitalExpendituresIncurredButNotYetPaid": { "auth_ref": [ "r75", "r76", "r77" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Future cash outflow to pay for purchases of fixed assets that have occurred.", "label": "Capital Expenditures Incurred but Not yet Paid", "terseLabel": "Capital expenditures included in accounts payable and accrued liabilities" } } }, "localname": "CapitalExpendituresIncurredButNotYetPaid", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsAtCarryingValue": { "auth_ref": [ "r0", "r20", "r73" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "weight": 1.0 }, "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 1.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.", "label": "Cash and Cash Equivalents, at Carrying Value", "terseLabel": "Cash and cash equivalents", "verboseLabel": "Cash and cash equivalents" } } }, "localname": "CashAndCashEquivalentsAtCarryingValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsFairValueDisclosure": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails": { "order": 1.0, "parentTag": "us-gaap_AssetsFairValueDisclosure", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash and Cash Equivalents, Fair Value Disclosure", "terseLabel": "Cash equivalents" } } }, "localname": "CashAndCashEquivalentsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "weight": 1.0 }, "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 2.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash subject to withdrawal restrictions, restricted deposits held as compensating balances, and cash and securities segregated in compliance with regulations (such as cash deposited in a special reserve account for the exclusive benefit of customers).", "label": "Cash and Securities Segregated under Federal and Other Regulations", "terseLabel": "Cash segregated under federal and other regulations", "verboseLabel": "Cash segregated under federal and other regulations" } } }, "localname": "CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": { "auth_ref": [ "r66", "r73", "r78" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents", "periodEndLabel": "CASH, CASH EQUIVALENTS AND RESTRICTED CASH \u2014 End of period", "periodStartLabel": "CASH, CASH EQUIVALENTS AND RESTRICTED CASH \u2014 Beginning of period", "totalLabel": "Total cash, cash equivalents, and restricted cash shown in the statement of cash flows" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect": { "auth_ref": [ "r66", "r279" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect", "totalLabel": "NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]", "verboseLabel": "NONCASH DISCLOSURES:" } } }, "localname": "CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_CertificatesOfDepositMember": { "auth_ref": [ "r357" ], "lang": { "en-US": { "role": { "documentation": "Short to medium-term investment available at banks and savings and loan institutions where a customer agrees to lend money to the institution for a certain amount of time and is paid a predetermined rate of interest. Certificates of deposit (CD) are typically Federal Deposit Insurance Corporation (FDIC) insured.", "label": "Certificates of Deposit [Member]", "terseLabel": "Certificates of Deposit [Member]" } } }, "localname": "CertificatesOfDepositMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ClassOfStockDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock.", "label": "Class of Stock [Domain]", "terseLabel": "Class of Stock [Domain]" } } }, "localname": "ClassOfStockDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/StockholdersEquityTables", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ClassOfTreasuryStockTable": { "auth_ref": [ "r184", "r185", "r186", "r187" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.", "label": "Class of Treasury Stock [Table]", "terseLabel": "Class of Treasury Stock [Table]" } } }, "localname": "ClassOfTreasuryStockTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquityTables", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CollateralSecuritiesRepledgedDeliveredOrUsed": { "auth_ref": [ "r323" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The carrying value as of the balance sheet date of securities received as collateral from a counterparty that were re-pledged, sold, delivered or otherwise reused by the entity.", "label": "Collateral Securities Repledged, Delivered, or Used", "terseLabel": "Collateral Securities Repledged, Delivered, or Used" } } }, "localname": "CollateralSecuritiesRepledgedDeliveredOrUsed", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "localname": "CommitmentsAndContingenciesDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "auth_ref": [ "r160", "r168" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for commitments and contingencies.", "label": "Commitments and Contingencies Disclosure [Text Block]", "verboseLabel": "Commitments and Contingencies" } } }, "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingencies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CommonStockDividendsPerShareCashPaid": { "auth_ref": [ "r183" ], "lang": { "en-US": { "role": { "documentation": "Aggregate dividends paid during the period for each share of common stock outstanding.", "label": "Common Stock, Dividends, Per Share, Cash Paid", "terseLabel": "Common Stock, Dividends, Per Share, Cash Paid" } } }, "localname": "CommonStockDividendsPerShareCashPaid", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquityDividendsPaidDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock that is subordinate to all other stock of the issuer.", "label": "Common Stock [Member]", "terseLabel": "Common Stock" } } }, "localname": "CommonStockMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockParOrStatedValuePerShare": { "auth_ref": [ "r12" ], "lang": { "en-US": { "role": { "documentation": "Face amount or stated value per share of common stock.", "label": "Common Stock, Par or Stated Value Per Share", "terseLabel": "Common stock, par value" } } }, "localname": "CommonStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockSharesAuthorized": { "auth_ref": [ "r12" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.", "label": "Common Stock, Shares Authorized", "terseLabel": "Common stock, shares authorized" } } }, "localname": "CommonStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesIssued": { "auth_ref": [ "r12" ], "lang": { "en-US": { "role": { "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.", "label": "Common Stock, Shares, Issued", "terseLabel": "Common stock, shares issued" } } }, "localname": "CommonStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockValue": { "auth_ref": [ "r12" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 1.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Common Stock, Value, Issued", "verboseLabel": "Common stock, $.001 par value; 600,000,000 shares authorized; 126,186,912 shares issued at September 30, 2019 and 124,909,796 shares issued at December 31, 2018" } } }, "localname": "CommonStockValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_CommunicationsAndInformationTechnology": { "auth_ref": [ "r51" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 9.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of expense in the period for communications and data processing expense.", "label": "Communications and Information Technology", "terseLabel": "Communications and data processing" } } }, "localname": "CommunicationsAndInformationTechnology", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ComprehensiveIncomeNetOfTax": { "auth_ref": [ "r38", "r40", "r41" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent", "terseLabel": "Net income and other comprehensive income (loss), net of tax expense" } } }, "localname": "ComprehensiveIncomeNetOfTax", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]", "terseLabel": "Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]" } } }, "localname": "ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetTable": { "auth_ref": [ "r262", "r263" ], "lang": { "en-US": { "role": { "documentation": "Summarization of information required and determined to be disclosed concerning the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent which may have occurred during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.", "label": "Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table]", "terseLabel": "Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table]" } } }, "localname": "ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConsolidationPolicyTextBlock": { "auth_ref": [ "r79", "r260", "r264", "r265" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.", "label": "Consolidation, Policy [Policy Text Block]", "terseLabel": "Consolidation" } } }, "localname": "ConsolidationPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ContractWithCustomerBasisOfPricingAxis": { "auth_ref": [ "r193" ], "lang": { "en-US": { "role": { "documentation": "Information by basis of pricing for contract representing right to consideration in exchange for good or service transferred to customer.", "label": "Contract with Customer, Basis of Pricing [Axis]", "terseLabel": "Contract with Customer, Basis of Pricing [Axis]" } } }, "localname": "ContractWithCustomerBasisOfPricingAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ContractWithCustomerBasisOfPricingDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Basis of pricing for contract with customer. Includes, but is not limited to, fixed-price and time-and-materials contracts.", "label": "Contract with Customer, Basis of Pricing [Domain]", "terseLabel": "Contract with Customer, Basis of Pricing [Domain]" } } }, "localname": "ContractWithCustomerBasisOfPricingDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ContractWithCustomerDurationAxis": { "auth_ref": [ "r194" ], "lang": { "en-US": { "role": { "documentation": "Information by duration of contract with customer. Includes, but is not limited to, short-term and long-term contracts.", "label": "Contract with Customer, Duration [Axis]", "terseLabel": "Contract with Customer, Duration [Axis]" } } }, "localname": "ContractWithCustomerDurationAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ContractWithCustomerDurationDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Duration of contract with customer. Includes, but is not limited to, short-term and long-term contracts.", "label": "Contract with Customer, Duration [Domain]", "terseLabel": "Contract with Customer, Duration [Domain]" } } }, "localname": "ContractWithCustomerDurationDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ContractWithCustomerSalesChannelAxis": { "auth_ref": [ "r196" ], "lang": { "en-US": { "role": { "documentation": "Information by sales channel for delivery of good or service in contract with customer.", "label": "Contract with Customer, Sales Channel [Axis]", "terseLabel": "Contract with Customer, Sales Channel [Axis]" } } }, "localname": "ContractWithCustomerSalesChannelAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ContractWithCustomerSalesChannelDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Sales channel for delivery of good or service in contract with customer. Includes, but is not limited to, directly to consumer and through intermediary.", "label": "Contract with Customer, Sales Channel [Domain]", "terseLabel": "Contract with Customer, Sales Channel [Domain]" } } }, "localname": "ContractWithCustomerSalesChannelDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CostsAndExpenses": { "auth_ref": [ "r49" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 2.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Total costs of sales and operating expenses for the period.", "label": "Costs and Expenses", "totalLabel": "Total operating expenses" } } }, "localname": "CostsAndExpenses", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_CreditFacilityAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.", "label": "Credit Facility [Axis]", "terseLabel": "Credit Facility [Axis]" } } }, "localname": "CreditFacilityAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CreditFacilityDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.", "label": "Credit Facility [Domain]", "terseLabel": "Credit Facility [Domain]" } } }, "localname": "CreditFacilityDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CustomerRelationshipsMember": { "auth_ref": [ "r257" ], "lang": { "en-US": { "role": { "documentation": "Customer relationship that exists between an entity and its customer, for example, but not limited to, tenant relationships.", "label": "Customer Relationships [Member]", "terseLabel": "Client Relationships [Member]" } } }, "localname": "CustomerRelationshipsMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValue": { "auth_ref": [ "r322" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value as of the balance sheet date of customer securities accepted as collateral by the entity that it is permitted by contract or custom to sell or re-pledge to counterparties as collateral.", "label": "Customer Securities for which Entity has Right to Sell or Repledge, Fair Value", "terseLabel": "Collateral security" } } }, "localname": "CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValueOfSecuritiesSoldOrRepledged": { "auth_ref": [ "r323" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value as of the balance sheet date of customer securities accepted as collateral by the entity that it has sold or re-pledged to counterparties as collateral.", "label": "Customer Securities for which Entity has Right to Sell or Repledge, Fair Value of Securities Sold or Repledged", "terseLabel": "Amount pledged with client-owned securities" } } }, "localname": "CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValueOfSecuritiesSoldOrRepledged", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Debt Disclosure [Abstract]" } } }, "localname": "DebtDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_DebtDisclosureTextBlock": { "auth_ref": [ "r177" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.", "label": "Debt Disclosure [Text Block]", "verboseLabel": "Debt" } } }, "localname": "DebtDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/Debt" ], "xbrltype": "textBlockItemType" }, "us-gaap_DebtInstrumentAxis": { "auth_ref": [ "r6", "r8", "r9", "r338", "r340", "r360" ], "lang": { "en-US": { "role": { "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities.", "label": "Debt Instrument [Axis]", "terseLabel": "Debt Instrument [Axis]" } } }, "localname": "DebtInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentBasisSpreadOnVariableRate1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Percentage points added to the reference rate to compute the variable rate on the debt instrument.", "label": "Debt Instrument, Basis Spread on Variable Rate", "terseLabel": "Applicable interest rate margin (as percent)", "verboseLabel": "Applicable margin (as percent)" } } }, "localname": "DebtInstrumentBasisSpreadOnVariableRate1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_DebtInstrumentCarryingAmount": { "auth_ref": [ "r9", "r172", "r340", "r360" ], "calculation": { "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails": { "order": 1.0, "parentTag": "us-gaap_LongTermDebt", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.", "label": "Long-term Debt, Gross", "terseLabel": "Long-term Debt, Gross", "verboseLabel": "Total borrowings" } } }, "localname": "DebtInstrumentCarryingAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentFairValue": { "auth_ref": [ "r278" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.", "label": "Debt Instrument, Fair Value Disclosure", "terseLabel": "Fair value of indebtedness" } } }, "localname": "DebtInstrumentFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentInterestRateEffectivePercentage": { "auth_ref": [ "r25", "r174", "r281" ], "lang": { "en-US": { "role": { "documentation": "Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.", "label": "Debt Instrument, Interest Rate, Effective Percentage", "verboseLabel": "Interest Rate (as percent)" } } }, "localname": "DebtInstrumentInterestRateEffectivePercentage", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails" ], "xbrltype": "percentItemType" }, "us-gaap_DebtInstrumentLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Debt Instrument [Line Items]", "terseLabel": "Debt Instrument [Line Items]" } } }, "localname": "DebtInstrumentLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentNameDomain": { "auth_ref": [ "r26" ], "lang": { "en-US": { "role": { "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities.", "label": "Debt Instrument, Name [Domain]", "terseLabel": "Debt Instrument, Name [Domain]" } } }, "localname": "DebtInstrumentNameDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DebtInstrumentRedemptionPricePercentage": { "auth_ref": [ "r358" ], "lang": { "en-US": { "role": { "documentation": "Percentage price of original principal amount of debt at which debt can be redeemed by the issuer.", "label": "Debt Instrument, Redemption Price, Percentage", "terseLabel": "Debt Instrument, Redemption Price, Percentage" } } }, "localname": "DebtInstrumentRedemptionPricePercentage", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_DebtInstrumentTable": { "auth_ref": [ "r26", "r82", "r179", "r180", "r181", "r182", "r280", "r281", "r283", "r359" ], "lang": { "en-US": { "role": { "documentation": "A table or schedule providing information pertaining to long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.", "label": "Schedule of Long-term Debt Instruments [Table]", "terseLabel": "Schedule of Long-term Debt Instruments [Table]" } } }, "localname": "DebtInstrumentTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentTerm": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Debt Instrument, Term", "terseLabel": "Debt term" } } }, "localname": "DebtInstrumentTerm", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_DebtInstrumentUnamortizedPremium": { "auth_ref": [ "r280", "r283" ], "calculation": { "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails": { "order": 2.0, "parentTag": "us-gaap_LongTermDebt", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after accumulated amortization, of debt premium.", "label": "Debt Instrument, Unamortized Premium", "terseLabel": "Debt Instrument, Unamortized Premium" } } }, "localname": "DebtInstrumentUnamortizedPremium", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtIssuanceCostsLineOfCreditArrangementsGross": { "auth_ref": [ "r284" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, before accumulated amortization, of debt issuance costs related to line of credit arrangements. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.", "label": "Debt Issuance Costs, Line of Credit Arrangements, Gross", "terseLabel": "Debt Issuance Costs, Line of Credit Arrangements, Gross" } } }, "localname": "DebtIssuanceCostsLineOfCreditArrangementsGross", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtSecuritiesMember": { "auth_ref": [ "r122" ], "lang": { "en-US": { "role": { "documentation": "Debt instrument issued by corporations, governments and governmental agencies, municipalities, and other institutions.", "label": "Debt Securities [Member]", "terseLabel": "Debt Securities [Member]" } } }, "localname": "DebtSecuritiesMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DeferredFinanceCostsNet": { "auth_ref": [ "r22", "r282" ], "calculation": { "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails": { "order": 3.0, "parentTag": "us-gaap_LongTermDebt", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.", "label": "Debt Issuance Costs, Net", "negatedLabel": "Less Unamortized Debt Issuance Cost" } } }, "localname": "DeferredFinanceCostsNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxExpenseBenefit": { "auth_ref": [ "r71", "r80", "r244", "r246" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Income Tax Expense (Benefit)", "verboseLabel": "Deferred income tax provision" } } }, "localname": "DeferredIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxLiabilitiesNet": { "auth_ref": [ "r240", "r243" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 13.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences with jurisdictional netting.", "label": "Deferred Income Tax Liabilities, Net", "terseLabel": "Deferred income taxes, net" } } }, "localname": "DeferredIncomeTaxLiabilitiesNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredRevenueCurrent": { "auth_ref": [ "r19" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 7.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable, classified as current.", "label": "Deferred Revenue, Current", "verboseLabel": "Unearned revenue" } } }, "localname": "DeferredRevenueCurrent", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredRevenueRevenueRecognized1": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue recognized that was previously reported as deferred or unearned revenue.", "label": "Deferred Revenue, Revenue Recognized", "terseLabel": "Deferred Revenue, Revenue Recognized" } } }, "localname": "DeferredRevenueRevenueRecognized1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueUnearnedRevenueRecognizedDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredVariableAnnuityMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Contract that provides periodic payments, which vary according to the investment experience of the separate accounts in which the amounts paid to provide for the annuity are allocated, which begin at a future date.", "label": "Deferred Variable Annuity [Member]", "terseLabel": "Group Annuities [Member]" } } }, "localname": "DeferredVariableAnnuityMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "us-gaap_Depreciation": { "auth_ref": [ "r71", "r156" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.", "label": "Depreciation", "terseLabel": "Depreciation and amortization" } } }, "localname": "Depreciation", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_DepreciationDepletionAndAmortization": { "auth_ref": [ "r71", "r101" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 4.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.", "label": "Depreciation, Depletion and Amortization", "terseLabel": "Depreciation and amortization" } } }, "localname": "DepreciationDepletionAndAmortization", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_DisaggregationOfRevenueLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Disaggregation of Revenue [Line Items]", "terseLabel": "Disaggregation of Revenue [Line Items]" } } }, "localname": "DisaggregationOfRevenueLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DisaggregationOfRevenueTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.", "label": "Disaggregation of Revenue [Table]", "terseLabel": "Disaggregation of Revenue [Table]" } } }, "localname": "DisaggregationOfRevenueTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": { "auth_ref": [ "r239" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for share-based payment arrangement.", "label": "Share-based Payment Arrangement [Text Block]", "terseLabel": "Stockholders' Equity" } } }, "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensation" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Share-based Payment Arrangement [Abstract]" } } }, "localname": "DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_DividendPayableDateToBePaidDayMonthAndYear": { "auth_ref": [ "r75" ], "lang": { "en-US": { "role": { "documentation": "Date the declared dividend will be paid, in CCYY-MM-DD format.", "label": "Dividends Payable, Date to be Paid", "terseLabel": "Dividends Payable, Date to be Paid" } } }, "localname": "DividendPayableDateToBePaidDayMonthAndYear", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "dateItemType" }, "us-gaap_DividendsAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information about distribution of earnings to shareholders including, but not limited to, cash, property or capital stock.", "label": "Dividends [Axis]", "terseLabel": "Dividends [Axis]" } } }, "localname": "DividendsAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DividendsCommonStockCash": { "auth_ref": [ "r183" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of paid and unpaid common stock dividends declared with the form of settlement in cash.", "label": "Dividends, Common Stock, Cash", "negatedLabel": "Cash dividends on common stock", "terseLabel": "Total cash dividends paid during the quarter" } } }, "localname": "DividendsCommonStockCash", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited", "http://www.lpl.com/role/StockholdersEquityDividendsPaidDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DividendsDeclaredTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.", "label": "Dividends Declared [Table Text Block]", "terseLabel": "Dividends Declared [Table Text Block]" } } }, "localname": "DividendsDeclaredTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquityTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_DividendsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Distributions of earnings to shareholders including but not limited to cash, property or capital stock.", "label": "Dividends [Domain]", "terseLabel": "Dividends [Domain]" } } }, "localname": "DividendsDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DividendsPayableAmountPerShare": { "auth_ref": [ "r75" ], "lang": { "en-US": { "role": { "documentation": "The per share amount of a dividend declared, but not paid, as of the financial reporting date.", "label": "Dividends Payable, Amount Per Share", "terseLabel": "Dividends Payable, Amount Per Share" } } }, "localname": "DividendsPayableAmountPerShare", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_DividendsPayableDateDeclaredDayMonthAndYear": { "auth_ref": [ "r75" ], "lang": { "en-US": { "role": { "documentation": "Date the dividend to be paid was declared, in CCYY-MM-DD format.", "label": "Dividends Payable, Date Declared", "terseLabel": "Dividends Payable, Date Declared" } } }, "localname": "DividendsPayableDateDeclaredDayMonthAndYear", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "dateItemType" }, "us-gaap_DividendsPayableDateOfRecordDayMonthAndYear": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Date the holder must own the stock to be entitled to the dividend, in CCYY-MM-DD format.", "label": "Dividends Payable, Date of Record", "terseLabel": "Dividends Payable, Date of Record" } } }, "localname": "DividendsPayableDateOfRecordDayMonthAndYear", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "dateItemType" }, "us-gaap_EarningsPerShareAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share [Abstract]", "terseLabel": "EARNINGS PER SHARE (Note 13)" } } }, "localname": "EarningsPerShareAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasic": { "auth_ref": [ "r45", "r86", "r89", "r90", "r91", "r92", "r95", "r348", "r372" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.", "label": "Earnings Per Share, Basic", "terseLabel": "Earnings per share, basic", "verboseLabel": "Basic earnings per share" } } }, "localname": "EarningsPerShareBasic", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/EarningsPerShareDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareDiluted": { "auth_ref": [ "r45", "r86", "r89", "r90", "r91", "r92", "r95", "r348", "r372" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.", "label": "Earnings Per Share, Diluted", "terseLabel": "Earnings per share, diluted", "verboseLabel": "Diluted earnings per share" } } }, "localname": "EarningsPerShareDiluted", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/EarningsPerShareDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareTextBlock": { "auth_ref": [ "r96" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for earnings per share.", "label": "Earnings Per Share [Text Block]", "verboseLabel": "Earnings per Share" } } }, "localname": "EarningsPerShareTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/EarningsPerShare" ], "xbrltype": "textBlockItemType" }, "us-gaap_EffectiveIncomeTaxRateContinuingOperations": { "auth_ref": [ "r84", "r241", "r242" ], "lang": { "en-US": { "role": { "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Effective Income Tax Rate Reconciliation, Percent", "terseLabel": "Effective income tax rate" } } }, "localname": "EffectiveIncomeTaxRateContinuingOperations", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/IncomeTaxesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate": { "auth_ref": [ "r241", "r242", "r245" ], "lang": { "en-US": { "role": { "documentation": "Percentage of domestic federal statutory tax rate applicable to pretax income (loss).", "label": "Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent", "terseLabel": "Federal statutory income tax rate" } } }, "localname": "EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/IncomeTaxesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized": { "auth_ref": [ "r231" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cost not yet recognized for nonvested award under share-based payment arrangement.", "label": "Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount", "verboseLabel": "Share-based compensation cost unrecognized" } } }, "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1": { "auth_ref": [ "r231" ], "lang": { "en-US": { "role": { "documentation": "Weighted-average period over which cost not yet recognized is expected to be recognized for award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition", "verboseLabel": "Non-vested compensation cost weighted-average period" } } }, "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_EquityClassOfTreasuryStockLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Equity, Class of Treasury Stock [Line Items]", "terseLabel": "Equity, Class of Treasury Stock [Line Items]" } } }, "localname": "EquityClassOfTreasuryStockLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquityTables", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EquityComponentDomain": { "auth_ref": [ "r178" ], "lang": { "en-US": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.", "label": "Equity Component [Domain]", "terseLabel": "Equity Component [Domain]" } } }, "localname": "EquityComponentDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_EquitySecuritiesMember": { "auth_ref": [ "r2", "r7", "r122", "r343", "r361", "r388" ], "lang": { "en-US": { "role": { "documentation": "Ownership interest or right to acquire or dispose of ownership interest in corporations and other legal entities for which ownership interest is represented by shares of common or preferred stock, convertible securities, stock rights, or stock warrants.", "label": "Equity Securities [Member]", "terseLabel": "Equities [Member]" } } }, "localname": "EquitySecuritiesMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EurodollarMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Interest rate based on U.S. dollar denominated deposits at foreign banks or foreign branches of U.S. banks.", "label": "Eurodollar [Member]", "terseLabel": "Eurodollar Rate [Member]" } } }, "localname": "EurodollarMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities": { "auth_ref": [ "r238" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes.", "label": "Excess Tax Benefit from Share-based Compensation, Financing Activities", "verboseLabel": "Excess tax benefits related to share-based compensation" } } }, "localname": "ExcessTaxBenefitFromShareBasedCompensationFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities": { "auth_ref": [ "r238" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes.", "label": "Excess Tax Benefit from Share-based Compensation, Operating Activities", "negatedLabel": "Excess tax benefits related to share-based compensation" } } }, "localname": "ExcessTaxBenefitFromShareBasedCompensationOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]", "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable": { "auth_ref": [ "r268", "r269", "r270", "r274" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about asset and liability measured at fair value on recurring and nonrecurring basis.", "label": "Fair Value, Recurring and Nonrecurring [Table]", "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByFairValueHierarchyLevelAxis": { "auth_ref": [ "r198", "r199", "r200", "r269", "r315" ], "lang": { "en-US": { "role": { "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient.", "label": "Fair Value Hierarchy and NAV [Axis]", "terseLabel": "Fair Value Hierarchy and NAV [Axis]" } } }, "localname": "FairValueByFairValueHierarchyLevelAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByMeasurementFrequencyAxis": { "auth_ref": [ "r268", "r269", "r271", "r272", "r275" ], "lang": { "en-US": { "role": { "documentation": "Information by measurement frequency.", "label": "Measurement Frequency [Axis]", "terseLabel": "Measurement Frequency [Axis]" } } }, "localname": "FairValueByMeasurementFrequencyAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Fair Value Disclosures [Abstract]" } } }, "localname": "FairValueDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresTextBlock": { "auth_ref": [ "r273" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.", "label": "Fair Value Disclosures [Text Block]", "verboseLabel": "Fair Value Measurements" } } }, "localname": "FairValueDisclosuresTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurements" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueInputsLevel1Member": { "auth_ref": [ "r198", "r199", "r200", "r269", "r316" ], "lang": { "en-US": { "role": { "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.", "label": "Fair Value, Inputs, Level 1 [Member]", "terseLabel": "Fair Value, Inputs, Level 1 [Member]" } } }, "localname": "FairValueInputsLevel1Member", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel2Member": { "auth_ref": [ "r198", "r199", "r200", "r269", "r317" ], "lang": { "en-US": { "role": { "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets.", "label": "Fair Value, Inputs, Level 2 [Member]", "terseLabel": "Level 2 [Member]", "verboseLabel": "Fair Value, Inputs, Level 2 [Member]" } } }, "localname": "FairValueInputsLevel2Member", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel3Member": { "auth_ref": [ "r198", "r199", "r200", "r269", "r318" ], "lang": { "en-US": { "role": { "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Inputs, Level 3 [Member]", "terseLabel": "Level 3 [Member]" } } }, "localname": "FairValueInputsLevel3Member", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementFrequencyDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Measurement frequency.", "label": "Measurement Frequency [Domain]", "terseLabel": "Measurement Frequency [Domain]" } } }, "localname": "FairValueMeasurementFrequencyDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value.", "label": "Fair Value Hierarchy and NAV [Domain]", "terseLabel": "Fair Value, Measurements, Fair Value Hierarchy [Domain]" } } }, "localname": "FairValueMeasurementsFairValueHierarchyDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsRecurringMember": { "auth_ref": [ "r273", "r275" ], "lang": { "en-US": { "role": { "documentation": "Frequent fair value measurement. Includes, but is not limited to, fair value adjustment for impairment of asset, liability or equity, frequently measured at fair value.", "label": "Fair Value, Recurring [Member]", "terseLabel": "Fair Value, Recurring [Member]" } } }, "localname": "FairValueMeasurementsRecurringMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueOfFinancialInstrumentsPolicy": { "auth_ref": [ "r79", "r276", "r277" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for determining the fair value of financial instruments.", "label": "Fair Value of Financial Instruments, Policy [Policy Text Block]", "terseLabel": "Fair Value of Financial Instruments" } } }, "localname": "FairValueOfFinancialInstrumentsPolicy", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged": { "auth_ref": [ "r322" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value of collateral permitted, by contact or custom, to be sold or re-pledged.", "label": "Fair Value of Securities Received as Collateral that Can be Resold or Repledged", "terseLabel": "Remaining collateral securities that can be re-pledged, loaned, or sold" } } }, "localname": "FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseInterestExpense": { "auth_ref": [ "r291", "r296", "r303" ], "calculation": { "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails": { "order": 2.0, "parentTag": "lpla_FinanceLeaseTotalCost", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of interest expense on finance lease liability.", "label": "Finance Lease, Interest Expense", "terseLabel": "Interest on lease liabilities" } } }, "localname": "FinanceLeaseInterestExpense", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseInterestPaymentOnLiability": { "auth_ref": [ "r293", "r298" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of interest paid on finance lease liability.", "label": "Finance Lease, Interest Payment on Liability", "terseLabel": "Operating cash flows from finance leases" } } }, "localname": "FinanceLeaseInterestPaymentOnLiability", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalCashFlowInformationRelatedToLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilitiesPaymentsDueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Finance Lease, Liability, Payment, Due [Abstract]", "terseLabel": "Finance Leases" } } }, "localname": "FinanceLeaseLiabilitiesPaymentsDueAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinanceLeaseLiability": { "auth_ref": [ "r290", "r302" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 11.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Present value of lessee's discounted obligation for lease payments from finance lease.", "label": "Finance Lease, Liability", "terseLabel": "Finance lease liabilities", "verboseLabel": "Total finance lease liabilities" } } }, "localname": "FinanceLeaseLiability", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock": { "auth_ref": [ "r302" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.", "label": "Finance Lease, Liability, Maturity [Table Text Block]", "terseLabel": "Schedule of Maturities of Lease Liabilities - Finance Leases" } } }, "localname": "FinanceLeaseLiabilityMaturityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FinanceLeaseLiabilityPaymentsDue": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease.", "label": "Finance Lease, Liability, Payment, Due", "totalLabel": "Total lease payments" } } }, "localname": "FinanceLeaseLiabilityPaymentsDue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityPaymentsDueAfterYearFive": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 6.0, "parentTag": "us-gaap_FinanceLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease, due after fifth fiscal year following latest fiscal year.", "label": "Finance Lease, Liability, Payments, Due after Year Five", "terseLabel": "Thereafter" } } }, "localname": "FinanceLeaseLiabilityPaymentsDueAfterYearFive", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 5.0, "parentTag": "us-gaap_FinanceLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fifth fiscal year following latest fiscal year.", "label": "Finance Lease, Liability, Payments, Due Year Five", "terseLabel": "2023" } } }, "localname": "FinanceLeaseLiabilityPaymentsDueYearFive", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 4.0, "parentTag": "us-gaap_FinanceLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fourth fiscal year following latest fiscal year.", "label": "Finance Lease, Liability, Payments, Due Year Four", "terseLabel": "2022" } } }, "localname": "FinanceLeaseLiabilityPaymentsDueYearFour", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 3.0, "parentTag": "us-gaap_FinanceLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease, due in third fiscal year following latest fiscal year.", "label": "Finance Lease, Liability, Payments, Due Year Three", "terseLabel": "2021" } } }, "localname": "FinanceLeaseLiabilityPaymentsDueYearThree", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 2.0, "parentTag": "us-gaap_FinanceLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease, due in second fiscal year following latest fiscal year.", "label": "Finance Lease, Liability, Payments, Due Year Two", "terseLabel": "2020" } } }, "localname": "FinanceLeaseLiabilityPaymentsDueYearTwo", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 1.0, "parentTag": "us-gaap_FinanceLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for finance lease, due in remainder of fiscal year following latest fiscal year ended.", "label": "Finance Lease, Liability, Payments, Remainder of Fiscal Year", "terseLabel": "2019 - remainder" } } }, "localname": "FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount": { "auth_ref": [ "r302" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease.", "label": "Finance Lease, Liability, Undiscounted Excess Amount", "terseLabel": "Less imputed interest" } } }, "localname": "FinanceLeaseLiabilityUndiscountedExcessAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeasePrincipalPayments": { "auth_ref": [ "r292", "r298" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow for principal payment on finance lease.", "label": "Finance Lease, Principal Payments", "terseLabel": "Financing cash flows from finance leases" } } }, "localname": "FinanceLeasePrincipalPayments", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalCashFlowInformationRelatedToLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseRightOfUseAsset": { "auth_ref": [ "r289" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's right to use underlying asset under finance lease.", "label": "Finance Lease, Right-of-Use Asset", "terseLabel": "Finance lease assets" } } }, "localname": "FinanceLeaseRightOfUseAsset", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseRightOfUseAssetAmortization": { "auth_ref": [ "r291", "r296", "r303" ], "calculation": { "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails": { "order": 1.0, "parentTag": "lpla_FinanceLeaseTotalCost", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense attributable to right-of-use asset from finance lease.", "label": "Finance Lease, Right-of-Use Asset, Amortization", "terseLabel": "Amortization of right-of-use assets" } } }, "localname": "FinanceLeaseRightOfUseAssetAmortization", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent": { "auth_ref": [ "r300", "r303" ], "lang": { "en-US": { "role": { "documentation": "Weighted average discount rate for finance lease calculated at point in time.", "label": "Finance Lease, Weighted Average Discount Rate, Percent", "terseLabel": "Finance Lease, Weighted Average Discount Rate, Percent" } } }, "localname": "FinanceLeaseWeightedAverageDiscountRatePercent", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1": { "auth_ref": [ "r299", "r303" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining lease term for finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Finance Lease, Weighted Average Remaining Lease Term", "terseLabel": "Finance Lease, Weighted Average Remaining Lease Term" } } }, "localname": "FinanceLeaseWeightedAverageRemainingLeaseTerm1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails" ], "xbrltype": "durationItemType" }, "us-gaap_FinancialInstrumentAxis": { "auth_ref": [ "r124", "r128", "r129", "r130", "r132", "r133", "r134", "r135", "r136" ], "lang": { "en-US": { "role": { "documentation": "Information by type of financial instrument.", "label": "Financial Instrument [Axis]", "terseLabel": "Financial Instrument [Axis]", "verboseLabel": "Schedule of Trading Securities and Other Trading Assets, Major Types of Trading Securities and Assets [Axis]" } } }, "localname": "FinancialInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Financial Instruments Owned and Pledged as Collateral [Abstract]", "terseLabel": "Financial Instruments Owned and Pledged as Collateral [Abstract]" } } }, "localname": "FinancialInstrumentsOwnedAndPledgedAsCollateralAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Financial Instruments Owned and Pledged as Collateral [Line Items]", "terseLabel": "Financial Instruments Owned and Pledged as Collateral [Line Items]" } } }, "localname": "FinancialInstrumentsOwnedAndPledgedAsCollateralLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralTable": { "auth_ref": [ "r319", "r324" ], "lang": { "en-US": { "role": { "documentation": "Financial instruments held by a broker-dealer for its own account (proprietary securities) for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.", "label": "Financial Instruments Owned and Pledged as Collateral [Table]", "terseLabel": "Financial Instruments Owned and Pledged as Collateral [Table]" } } }, "localname": "FinancialInstrumentsOwnedAndPledgedAsCollateralTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue": { "auth_ref": [ "r330" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 8.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 }, "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesFairValueDisclosure", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value of obligations incurred from short sales.", "label": "Financial Instruments Sold, Not yet Purchased, at Fair Value", "terseLabel": "Securities sold, but not yet purchased", "verboseLabel": "Securities sold, but not yet purchased \u2014 at fair value" } } }, "localname": "FinancialInstrumentsSoldNotYetPurchasedAtFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization": { "auth_ref": [ "r150" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails": { "order": 2.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Accumulated Amortization", "negatedLabel": "Accumulated Amortization", "terseLabel": "Accumulated amortization, Intangible assets" } } }, "localname": "FiniteLivedIntangibleAssetsAccumulatedAmortization", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails": { "order": 6.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, after Year Five", "terseLabel": "Thereafter" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths": { "auth_ref": [ "r152" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails": { "order": 1.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months", "terseLabel": "2019 - Remainder" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive": { "auth_ref": [ "r152" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails": { "order": 5.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Five", "terseLabel": "2023" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFive", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour": { "auth_ref": [ "r152" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails": { "order": 4.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Four", "terseLabel": "2022" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFour", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree": { "auth_ref": [ "r152" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails": { "order": 3.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Three", "terseLabel": "2021" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearThree", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo": { "auth_ref": [ "r152" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails": { "order": 2.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Two", "terseLabel": "2020" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis": { "auth_ref": [ "r144", "r147", "r150", "r154", "r326" ], "lang": { "en-US": { "role": { "documentation": "Information by major type or class of finite-lived intangible assets.", "label": "Finite-Lived Intangible Assets by Major Class [Axis]", "terseLabel": "Finite-Lived Intangible Assets by Major Class [Axis]" } } }, "localname": "FiniteLivedIntangibleAssetsByMajorClassAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]", "terseLabel": "Future amortization expense" } } }, "localname": "FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetsGross": { "auth_ref": [ "r150", "r326" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails": { "order": 1.0, "parentTag": "us-gaap_FiniteLivedIntangibleAssetsNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Gross", "terseLabel": "Gross Carrying Value" } } }, "localname": "FiniteLivedIntangibleAssetsGross", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Finite-Lived Intangible Assets [Line Items]", "terseLabel": "Finite-Lived Intangible Assets [Line Items]" } } }, "localname": "FiniteLivedIntangibleAssetsLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain": { "auth_ref": [ "r144", "r149" ], "lang": { "en-US": { "role": { "documentation": "The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.", "label": "Finite-Lived Intangible Assets, Major Class Name [Domain]", "terseLabel": "Finite-Lived Intangible Assets, Major Class Name [Domain]" } } }, "localname": "FiniteLivedIntangibleAssetsMajorClassNameDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FiniteLivedIntangibleAssetsNet": { "auth_ref": [ "r150" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Net", "totalLabel": "Net Carrying Value" } } }, "localname": "FiniteLivedIntangibleAssetsNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsNetAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Finite-Lived Intangible Assets, Net [Abstract]", "terseLabel": "Finite-Lived Intangible Assets" } } }, "localname": "FiniteLivedIntangibleAssetsNetAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FixedAnnuityMember": { "auth_ref": [ "r380" ], "lang": { "en-US": { "role": { "documentation": "Contract that provides a guaranteed stream of fixed payments.", "label": "Fixed Annuity [Member]", "terseLabel": "Fixed Annuities [Member]" } } }, "localname": "FixedAnnuityMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FixedIncomeSecuritiesMember": { "auth_ref": [ "r198", "r200" ], "lang": { "en-US": { "role": { "documentation": "Investment that provides a return in the form of fixed periodic payments and eventual return of principal at maturity.", "label": "Fixed Income Securities [Member]", "terseLabel": "Fixed Income [Member]" } } }, "localname": "FixedIncomeSecuritiesMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FloorBrokerageExchangeAndClearanceFees": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 8.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees.", "label": "Floor Brokerage, Exchange and Clearance Fees", "terseLabel": "Brokerage, clearing and exchange" } } }, "localname": "FloorBrokerageExchangeAndClearanceFees", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_GainsLossesOnExtinguishmentOfDebt": { "auth_ref": [ "r71", "r175", "r176" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 }, "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 4.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.", "label": "Gain (Loss) on Extinguishment of Debt", "negatedTerseLabel": "Loss on extinguishment of debt" } } }, "localname": "GainsLossesOnExtinguishmentOfDebt", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_Goodwill": { "auth_ref": [ "r137", "r138" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 13.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.", "label": "Goodwill", "periodEndLabel": "Goodwill, ending balance", "periodStartLabel": "Goodwill, beginning balance", "verboseLabel": "Goodwill" } } }, "localname": "Goodwill", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GoodwillAcquiredDuringPeriod": { "auth_ref": [ "r139" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination.", "label": "Goodwill, Acquired During Period", "terseLabel": "Goodwill acquired" } } }, "localname": "GoodwillAcquiredDuringPeriod", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Goodwill and Intangible Assets Disclosure [Abstract]" } } }, "localname": "GoodwillAndIntangibleAssetsDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock": { "auth_ref": [ "r155" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for goodwill and intangible assets.", "label": "Goodwill and Intangible Assets Disclosure [Text Block]", "terseLabel": "Goodwill and Other Intangible Assets" } } }, "localname": "GoodwillAndIntangibleAssetsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssets" ], "xbrltype": "textBlockItemType" }, "us-gaap_GoodwillRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Goodwill [Roll Forward]", "terseLabel": "Goodwill [Roll Forward]" } } }, "localname": "GoodwillRollForward", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillDetails" ], "xbrltype": "stringItemType" }, "us-gaap_HeldToMaturitySecurities": { "auth_ref": [ "r112", "r114" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 9.0, "parentTag": "us-gaap_Assets", "weight": 1.0 }, "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity", "totalLabel": "U.S. government notes - at amortized cost, Total", "verboseLabel": "Held-to-maturity \u2014 at amortized cost" } } }, "localname": "HeldToMaturitySecurities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]", "verboseLabel": "Summary of amortized cost, gross unrealized gain (loss) and fair value of securities held-to-maturity" } } }, "localname": "HeldToMaturitySecuritiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain": { "auth_ref": [ "r116" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails": { "order": 3.0, "parentTag": "us-gaap_HeldToMaturitySecurities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of accumulated unrecognized gain on investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain", "terseLabel": "Gross unrealized gain" } } }, "localname": "HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss": { "auth_ref": [ "r117" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails": { "order": 2.0, "parentTag": "us-gaap_HeldToMaturitySecurities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of accumulated unrealized loss on investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss", "negatedLabel": "Gross unrealized loss" } } }, "localname": "HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Debt Securities, Held-to-maturity, Maturity [Abstract]", "verboseLabel": "Maturities of securities held-to-maturity" } } }, "localname": "HeldToMaturitySecuritiesDebtMaturitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "stringItemType" }, "us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue": { "auth_ref": [ "r120", "r355" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": 3.0, "parentTag": "us-gaap_HeldToMaturitySecuritiesFairValue", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in sixth through tenth fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.", "label": "Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value", "terseLabel": "U.S. government notes - at fair value, After five through ten years" } } }, "localname": "HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount": { "auth_ref": [ "r120", "r355" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": 3.0, "parentTag": "us-gaap_HeldToMaturitySecurities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in sixth through tenth fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.", "label": "Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost", "terseLabel": "U.S. government notes - at amortized cost, After five through ten years" } } }, "localname": "HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue": { "auth_ref": [ "r119", "r354" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": 2.0, "parentTag": "us-gaap_HeldToMaturitySecuritiesFairValue", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in next fiscal year through fifth fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.", "label": "Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value", "verboseLabel": "U.S. government notes - at fair value, After one but within five years" } } }, "localname": "HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount": { "auth_ref": [ "r119", "r354" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": 2.0, "parentTag": "us-gaap_HeldToMaturitySecurities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in next fiscal year through fifth fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.", "label": "Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost", "verboseLabel": "U.S. government notes - at amortized cost, After one but within five years" } } }, "localname": "HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue": { "auth_ref": [ "r118", "r353" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": 1.0, "parentTag": "us-gaap_HeldToMaturitySecuritiesFairValue", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in next fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.", "label": "Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value", "verboseLabel": "U.S. government notes - at fair value, Within one year" } } }, "localname": "HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount": { "auth_ref": [ "r118", "r353" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": 1.0, "parentTag": "us-gaap_HeldToMaturitySecurities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at amortized cost (held-to-maturity), with single maturity date and allocated without single maturity date, maturing in next fiscal year following latest fiscal year. Excludes interim and annual periods when interim period is reported on rolling approach, from latest statement of financial position date.", "label": "Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost", "verboseLabel": "U.S. government notes - at amortized cost, Within one year" } } }, "localname": "HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesFairValue": { "auth_ref": [ "r115" ], "calculation": { "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails": { "order": 1.0, "parentTag": "us-gaap_HeldToMaturitySecurities", "weight": 1.0 }, "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity, Fair Value", "totalLabel": "U.S. government notes - at fair value, Total" } } }, "localname": "HeldToMaturitySecuritiesFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesTextBlock": { "auth_ref": [ "r121" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity [Table Text Block]", "verboseLabel": "Summary of amortized cost, gross unrealized gain (loss), and fair value of securities held-to-maturity" } } }, "localname": "HeldToMaturitySecuritiesTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest": { "auth_ref": [ "r43", "r86", "r328", "r346", "r373" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.", "label": "Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest", "totalLabel": "INCOME BEFORE PROVISION FOR INCOME TAXES" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeStatementAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Statement [Abstract]" } } }, "localname": "IncomeStatementAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationAxis": { "auth_ref": [ "r159" ], "lang": { "en-US": { "role": { "documentation": "Information by location in the income statement.", "label": "Income Statement Location [Axis]", "terseLabel": "Income Statement Location [Axis]" } } }, "localname": "IncomeStatementLocationAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Location in the income statement.", "label": "Income Statement Location [Domain]", "terseLabel": "Income Statement Location [Domain]" } } }, "localname": "IncomeStatementLocationDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_IncomeTaxDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Tax Disclosure [Abstract]" } } }, "localname": "IncomeTaxDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureTextBlock": { "auth_ref": [ "r248" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.", "label": "Income Tax Disclosure [Text Block]", "verboseLabel": "Income Taxes" } } }, "localname": "IncomeTaxDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/IncomeTaxes" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxExpenseBenefit": { "auth_ref": [ "r80", "r102", "r247" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Income Tax Expense (Benefit)", "terseLabel": "PROVISION FOR INCOME TAXES" } } }, "localname": "IncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxesPaid": { "auth_ref": [ "r68", "r74" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.", "label": "Income Taxes Paid", "terseLabel": "Income taxes paid" } } }, "localname": "IncomeTaxesPaid", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 24.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.", "label": "Increase (Decrease) in Accounts Payable and Accrued Liabilities", "verboseLabel": "Accounts payable and accrued liabilities" } } }, "localname": "IncreaseDecreaseInAccountsPayableAndAccruedLiabilities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInBrokerageReceivables": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 13.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the total amount due to the entity related to activities and operations with other broker dealers, and clearing organizations, including deposits.", "label": "Increase (Decrease) in Receivables from Brokers-Dealers and Clearing Organizations", "negatedLabel": "Receivables from product sponsors, broker-dealers and clearing organizations" } } }, "localname": "IncreaseDecreaseInBrokerageReceivables", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInDeferredRevenue": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 26.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in deferred income and obligation to transfer product and service to customer for which consideration has been received or is receivable.", "label": "Increase (Decrease) in Deferred Revenue", "verboseLabel": "Unearned revenue" } } }, "localname": "IncreaseDecreaseInDeferredRevenue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 27.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the liability Securities Sold, Not yet Purchased. Proprietary securities transactions entered into by the broker-dealer for trading or investment purposes are included in \"Securities Owned and Securities Sold, Not Yet Purchased.\" Although proprietary trading is frequently thought of as purchasing securities for sale to others, trading securities for the broker-dealer's own account sometimes leads to a liability for the fair value of securities sold but not yet purchased, that is, sold short. The broker-dealer is then obliged to purchase the securities at a future date at the then-current market price.", "label": "Increase (Decrease) in Financial Instruments Sold, Not yet Purchased", "terseLabel": "Securities sold, but not yet purchased" } } }, "localname": "IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInIncomeTaxes": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 25.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes, and in deferred and other tax liabilities and assets.", "label": "Increase (Decrease) in Income Taxes", "verboseLabel": "Income taxes receivable/payable" } } }, "localname": "IncreaseDecreaseInIncomeTaxes", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Increase (Decrease) in Operating Capital [Abstract]", "verboseLabel": "Changes in operating assets and liabilities:" } } }, "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseDecreaseInOtherLoans": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 14.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in loans classified as other.", "label": "Increase (Decrease) in Other Loans", "negatedTerseLabel": "Advisor loans" } } }, "localname": "IncreaseDecreaseInOtherLoans", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOtherOperatingAssets": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 19.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in operating assets classified as other.", "label": "Increase (Decrease) in Other Operating Assets", "negatedLabel": "Other assets" } } }, "localname": "IncreaseDecreaseInOtherOperatingAssets", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOtherReceivables": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 15.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in receivables classified as other.", "label": "Increase (Decrease) in Other Receivables", "negatedLabel": "Receivables from others" } } }, "localname": "IncreaseDecreaseInOtherReceivables", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInPayablesToBrokerDealers": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 22.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate amount of obligations incurred arising from transactions with broker-dealers, such as amounts due on margin and unsettled cash transactions; includes payables to brokers, dealers and clearing organizations.", "label": "Increase (Decrease) in Payables to Broker-Dealers and Clearing Organizations", "verboseLabel": "Payables to broker-dealers and clearing organizations" } } }, "localname": "IncreaseDecreaseInPayablesToBrokerDealers", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInSecuritiesBorrowed": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 17.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the total amount due the entity arising from securities borrowed transactions.", "label": "Increase (Decrease) in Securities Borrowed", "negatedLabel": "Securities borrowed" } } }, "localname": "IncreaseDecreaseInSecuritiesBorrowed", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "terseLabel": "Increase (Decrease) in Stockholders' Equity [Roll Forward]" } } }, "localname": "IncreaseDecreaseInStockholdersEquityRollForward", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseDecreaseInTradingSecurities": { "auth_ref": [ "r65", "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 16.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) of investment in debt and equity securities, measured at fair value with changes in fair value recognized in net income.", "label": "Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI", "negatedLabel": "Securities owned" } } }, "localname": "IncreaseDecreaseInTradingSecurities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis": { "auth_ref": [ "r146", "r153" ], "lang": { "en-US": { "role": { "documentation": "Information by type or class of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit.", "label": "Indefinite-lived Intangible Assets [Axis]", "terseLabel": "Indefinite-lived Intangible Assets [Axis]" } } }, "localname": "IndefiniteLivedIntangibleAssetsByMajorClassAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill": { "auth_ref": [ "r153" ], "calculation": { "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails": { "order": 1.0, "parentTag": "us-gaap_IntangibleAssetsNetExcludingGoodwill", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit.", "label": "Indefinite-lived Intangible Assets (Excluding Goodwill)", "terseLabel": "Net Carrying Value" } } }, "localname": "IndefiniteLivedIntangibleAssetsExcludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwillAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]", "terseLabel": "Indefinite-lived Intangible Assets" } } }, "localname": "IndefiniteLivedIntangibleAssetsExcludingGoodwillAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain": { "auth_ref": [ "r146", "r153" ], "lang": { "en-US": { "role": { "documentation": "The major class of indefinite-lived intangible asset (for example, trade names, etc. but not all-inclusive), excluding goodwill. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of the company.", "label": "Indefinite-lived Intangible Assets, Major Class Name [Domain]", "terseLabel": "Indefinite-lived Intangible Assets, Major Class Name [Domain]" } } }, "localname": "IndefiniteLivedIntangibleAssetsMajorClassNameDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IndividualPoliciesMember": { "auth_ref": [ "r379", "r382" ], "lang": { "en-US": { "role": { "documentation": "Contract consisting of insurance coverage issued to individual.", "label": "Individual Insurance Policy [Member]", "terseLabel": "Insurance [Member]" } } }, "localname": "IndividualPoliciesMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IntangibleAssetsNetExcludingGoodwill": { "auth_ref": [ "r142", "r148" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 14.0, "parentTag": "us-gaap_Assets", "weight": 1.0 }, "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.", "label": "Intangible Assets, Net (Excluding Goodwill)", "totalLabel": "Total intangible assets", "verboseLabel": "Intangible assets, net of accumulated amortization of $528,022 at September 30, 2019 and $479,319 at December 31, 2018" } } }, "localname": "IntangibleAssetsNetExcludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestExpenseSubordinatedNotesAndDebentures": { "auth_ref": [ "r352" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 3.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Interest expense incurred during the reporting period on subordinated notes and debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures.", "label": "Interest Expense, Subordinated Notes and Debentures", "terseLabel": "Non-operating interest expense and other" } } }, "localname": "InterestExpenseSubordinatedNotesAndDebentures", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestIncomeExpenseNet": { "auth_ref": [ "r349" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnauditedCalc2": { "order": 5.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net amount of operating interest income (expense).", "label": "Interest Income (Expense), Net", "terseLabel": "Interest income, net of interest expense" } } }, "localname": "InterestIncomeExpenseNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestPaidNet": { "auth_ref": [ "r64", "r67", "r74" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.", "label": "Interest Paid, Excluding Capitalized Interest, Operating Activities", "terseLabel": "Interest Paid, Excluding Capitalized Interest, Operating Activities" } } }, "localname": "InterestPaidNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.", "label": "Investments Classified by Contractual Maturity Date [Table Text Block]", "terseLabel": "Maturities of securities held-to-maturity" } } }, "localname": "InvestmentsClassifiedByContractualMaturityDateTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investments, Debt and Equity Securities [Abstract]" } } }, "localname": "InvestmentsDebtAndEquitySecuritiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock": { "auth_ref": [ "r122", "r333", "r356", "r389" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for investments in certain debt and equity securities.", "label": "Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]", "verboseLabel": "Held-to-Maturity Securities" } } }, "localname": "InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecurities" ], "xbrltype": "textBlockItemType" }, "us-gaap_LaborAndRelatedExpense": { "auth_ref": [ "r48" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 2.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit.", "label": "Labor and Related Expense", "terseLabel": "Compensation and benefits" } } }, "localname": "LaborAndRelatedExpense", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_LeaseCostAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Lease, Cost [Abstract]", "terseLabel": "Lease Cost" } } }, "localname": "LeaseCostAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LeaseCostTableTextBlock": { "auth_ref": [ "r301" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.", "label": "Lease, Cost [Table Text Block]", "terseLabel": "Schedule of Components of Lease Expense" } } }, "localname": "LeaseCostTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_LeasesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Leases [Abstract]" } } }, "localname": "LeasesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_LesseeFinanceLeasesTextBlock": { "auth_ref": [ "r304" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.", "label": "Lessee, Finance Leases [Text Block]", "terseLabel": "Leases" } } }, "localname": "LesseeFinanceLeasesTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/Leases" ], "xbrltype": "textBlockItemType" }, "us-gaap_LesseeLeaseDescriptionLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Lessee, Lease, Description [Line Items]", "terseLabel": "Lease Description [Line Items]" } } }, "localname": "LesseeLeaseDescriptionLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LesseeLeaseDescriptionTable": { "auth_ref": [ "r295" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about lessee's leases.", "label": "Lessee, Lease, Description [Table]", "terseLabel": "Lease Description [Table]" } } }, "localname": "LesseeLeaseDescriptionTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock": { "auth_ref": [ "r302" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.", "label": "Lessee, Operating Lease, Liability, Maturity [Table Text Block]", "terseLabel": "Schedule of Maturities of Lease Liabilities - Operating Leases" } } }, "localname": "LesseeOperatingLeaseLiabilityMaturityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease.", "label": "Lessee, Operating Lease, Liability, Payments, Due", "totalLabel": "Total lease payments" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 6.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due after fifth fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due after Year Five", "terseLabel": "Thereafter" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 5.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fifth fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Five", "terseLabel": "2023" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFive", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 4.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Four", "terseLabel": "2022" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFour", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 3.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Three", "terseLabel": "2021" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearThree", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 2.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Two", "terseLabel": "2020" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearTwo", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear": { "auth_ref": [ "r302" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails": { "order": 1.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease having an initial or remaining lease term in excess of one year due in remainder of fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year", "terseLabel": "2019 - remainder" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount": { "auth_ref": [ "r302" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.", "label": "Lessee, Operating Lease, Liability, Undiscounted Excess Amount", "terseLabel": "Less imputed interest" } } }, "localname": "LesseeOperatingLeaseLiabilityUndiscountedExcessAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeasesTextBlock": { "auth_ref": [ "r304" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.", "label": "Lessee, Operating Leases [Text Block]", "terseLabel": "Leases" } } }, "localname": "LesseeOperatingLeasesTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/Leases" ], "xbrltype": "textBlockItemType" }, "us-gaap_LettersOfCreditOutstandingAmount": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.", "label": "Letters of Credit Outstanding, Amount", "terseLabel": "Letters of credit, amount outstanding" } } }, "localname": "LettersOfCreditOutstandingAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Liabilities": { "auth_ref": [ "r24" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.", "label": "Liabilities", "totalLabel": "Total liabilities" } } }, "localname": "Liabilities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities [Abstract]", "verboseLabel": "LIABILITIES:" } } }, "localname": "LiabilitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesAndStockholdersEquity": { "auth_ref": [ "r18", "r341", "r368" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.", "label": "Liabilities and Equity", "totalLabel": "Total liabilities and stockholders' equity" } } }, "localname": "LiabilitiesAndStockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities and Equity [Abstract]", "verboseLabel": "LIABILITIES AND STOCKHOLDERS' EQUITY" } } }, "localname": "LiabilitiesAndStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesFairValueDisclosure": { "auth_ref": [ "r268" ], "calculation": { "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value of financial and nonfinancial obligations.", "label": "Financial and Nonfinancial Liabilities, Fair Value Disclosure", "totalLabel": "Total liabilities at fair value" } } }, "localname": "LiabilitiesFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCredit": { "auth_ref": [ "r9", "r340", "r360" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Long-term Line of Credit", "terseLabel": "Line of credit, amount outstanding" } } }, "localname": "LineOfCredit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Line of Credit Facility [Abstract]" } } }, "localname": "LineOfCreditFacilityAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_LineOfCreditFacilityAverageOutstandingAmount": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Average amount borrowed under the credit facility during the period.", "label": "Line of Credit Facility, Average Outstanding Amount", "terseLabel": "Average Outstanding Amount" } } }, "localname": "LineOfCreditFacilityAverageOutstandingAmount", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityAxis": { "auth_ref": [ "r23", "r82" ], "lang": { "en-US": { "role": { "documentation": "Information by name of lender, which may be a single entity (for example, but not limited to, a bank, pension fund, venture capital firm) or a group of entities that participate in the line of credit.", "label": "Lender Name [Axis]", "terseLabel": "Lender Name [Axis]" } } }, "localname": "LineOfCreditFacilityAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LineOfCreditFacilityInterestRateDuringPeriod": { "auth_ref": [ "r23" ], "lang": { "en-US": { "role": { "documentation": "The effective interest rate during the reporting period.", "label": "Line of Credit Facility, Interest Rate During Period", "terseLabel": "Interest rate (as percent)" } } }, "localname": "LineOfCreditFacilityInterestRateDuringPeriod", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_LineOfCreditFacilityLenderDomain": { "auth_ref": [ "r23" ], "lang": { "en-US": { "role": { "documentation": "Identification of the lender, which may be a single entity (for example, a bank, pension fund, venture capital firm) or a group of entities that participate in the line of credit, including a letter of credit facility.", "label": "Line of Credit Facility, Lender [Domain]", "terseLabel": "Line of Credit Facility, Lender [Domain]" } } }, "localname": "LineOfCreditFacilityLenderDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LineOfCreditFacilityLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Line of Credit Facility [Line Items]", "terseLabel": "Line of Credit Facility [Line Items]" } } }, "localname": "LineOfCreditFacilityLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": { "auth_ref": [ "r23" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.", "label": "Line of Credit Facility, Maximum Borrowing Capacity", "terseLabel": "Line of credit, maximum borrowing capacity" } } }, "localname": "LineOfCreditFacilityMaximumBorrowingCapacity", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityTable": { "auth_ref": [ "r23", "r82" ], "lang": { "en-US": { "role": { "documentation": "A table or schedule providing information pertaining to short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.", "label": "Line of Credit Facility [Table]", "terseLabel": "Line of Credit Facility [Table]" } } }, "localname": "LineOfCreditFacilityTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LineOfCreditMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars.", "label": "Line of Credit [Member]", "terseLabel": "Line of Credit [Member]" } } }, "localname": "LineOfCreditMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LitigationStatusAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by status of pending, threatened, or settled litigation.", "label": "Litigation Status [Axis]", "terseLabel": "Litigation Status [Axis]" } } }, "localname": "LitigationStatusAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LitigationStatusDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Status of pending, threatened, or settled litigation.", "label": "Litigation Status [Domain]", "terseLabel": "Litigation Status [Domain]" } } }, "localname": "LitigationStatusDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LondonInterbankOfferedRateLIBORMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Interest rate at which a bank borrows funds from other banks in the London interbank market.", "label": "London Interbank Offered Rate (LIBOR) [Member]", "terseLabel": "London Interbank Offered Rate (LIBOR) [Member]" } } }, "localname": "LondonInterbankOfferedRateLIBORMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LongTermDebt": { "auth_ref": [ "r9", "r173", "r340", "r365" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 9.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 }, "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.", "label": "Long-term Debt", "terseLabel": "Long-term borrowing, net", "totalLabel": "Long-term borrowings \u2014 net of unamortized debt issuance cost", "verboseLabel": "Principal amount of debt" } } }, "localname": "LongTermDebt", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LongTermDebtPercentageBearingFixedInterestRate": { "auth_ref": [ "r25" ], "lang": { "en-US": { "role": { "documentation": "The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate.", "label": "Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate", "terseLabel": "Interest Rate (as percent)" } } }, "localname": "LongTermDebtPercentageBearingFixedInterestRate", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_LongtermDebtTypeAxis": { "auth_ref": [ "r26" ], "lang": { "en-US": { "role": { "documentation": "Information by type of long-term debt.", "label": "Long-term Debt, Type [Axis]", "terseLabel": "Long-term Debt, Type [Axis]" } } }, "localname": "LongtermDebtTypeAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LongtermDebtTypeDomain": { "auth_ref": [ "r26", "r171" ], "lang": { "en-US": { "role": { "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.", "label": "Long-term Debt, Type [Domain]", "terseLabel": "Long-term Debt, Type [Domain]" } } }, "localname": "LongtermDebtTypeDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LossContingenciesByNatureOfContingencyAxis": { "auth_ref": [ "r161", "r162", "r163", "r164", "r165", "r166", "r167", "r169", "r170" ], "lang": { "en-US": { "role": { "documentation": "Information by type of existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur.", "label": "Loss Contingency Nature [Axis]", "terseLabel": "Loss Contingency Nature [Axis]" } } }, "localname": "LossContingenciesByNatureOfContingencyAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Loss Contingencies [Line Items]", "terseLabel": "Loss Contingencies [Line Items]" } } }, "localname": "LossContingenciesLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesTable": { "auth_ref": [ "r161", "r162", "r163", "r164", "r165", "r166", "r167", "r169", "r170" ], "lang": { "en-US": { "role": { "documentation": "Discloses the specific components (such as the nature, name, and date) of the loss contingency and gives an estimate of the possible loss or range of loss, or states that a reasonable estimate cannot be made. Excludes environmental contingencies, warranties and unconditional purchase obligations.", "label": "Loss Contingencies [Table]", "terseLabel": "Loss Contingencies [Table]" } } }, "localname": "LossContingenciesTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingencyAccrualPayments": { "auth_ref": [ "r161" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow reducing loss contingency liability.", "label": "Loss Contingency Accrual, Payments", "terseLabel": "Loss Contingency Accrual" } } }, "localname": "LossContingencyAccrualPayments", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyNatureDomain": { "auth_ref": [ "r161", "r162", "r163", "r164", "r165", "r166", "r167", "r169", "r170" ], "lang": { "en-US": { "role": { "documentation": "An existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur. Resolution of the uncertainty may confirm the incurrence of a loss or impairment of an asset or the incurrence of a liability.", "label": "Loss Contingency, Nature [Domain]", "terseLabel": "Loss Contingency, Nature [Domain]" } } }, "localname": "LossContingencyNatureDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesLegalDetails" ], "xbrltype": "domainItemType" }, "us-gaap_MoneyMarketFundsMember": { "auth_ref": [ "r198" ], "lang": { "en-US": { "role": { "documentation": "Fund that invests in short-term money-market instruments, for example, but not limited to, commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit, and other highly liquid securities.", "label": "Money Market Funds [Member]", "terseLabel": "Money Market Funds [Member]" } } }, "localname": "MoneyMarketFundsMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "domainItemType" }, "us-gaap_MutualFundMember": { "auth_ref": [ "r198" ], "lang": { "en-US": { "role": { "documentation": "Regulated investment instrument that pools funds from multiple investors to invest principally in a portfolio of securities and money market instruments to match the investment objective.", "label": "Mutual Fund [Member]", "terseLabel": "Mutual Funds [Member]" } } }, "localname": "MutualFundMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "us-gaap_NameOfReportingCategoryDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of reporting category or type of financial instrument.", "label": "Name of Reporting Category [Domain]", "terseLabel": "Name of Reporting Category [Domain]" } } }, "localname": "NameOfReportingCategoryDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables" ], "xbrltype": "domainItemType" }, "us-gaap_NatureOfOperations": { "auth_ref": [ "r97", "r98" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.", "label": "Nature of Operations [Text Block]", "verboseLabel": "Organization and Description of the Company" } } }, "localname": "NatureOfOperations", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompany" ], "xbrltype": "textBlockItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "auth_ref": [ "r66" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 3.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.", "label": "Net Cash Provided by (Used in) Financing Activities", "totalLabel": "Net cash used in financing activities" } } }, "localname": "NetCashProvidedByUsedInFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]", "verboseLabel": "CASH FLOWS FROM FINANCING ACTIVITIES:" } } }, "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "auth_ref": [ "r66" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.", "label": "Net Cash Provided by (Used in) Investing Activities", "totalLabel": "Net cash used in investing activities" } } }, "localname": "NetCashProvidedByUsedInInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]", "verboseLabel": "CASH FLOWS FROM INVESTING ACTIVITIES:" } } }, "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "auth_ref": [ "r66", "r69", "r72" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.", "label": "Net Cash Provided by (Used in) Operating Activities", "totalLabel": "Net cash provided by operating activities" } } }, "localname": "NetCashProvidedByUsedInOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]", "verboseLabel": "CASH FLOWS FROM OPERATING ACTIVITIES:" } } }, "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_NetIncomeLoss": { "auth_ref": [ "r37", "r39", "r44", "r72", "r94", "r347", "r371" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.", "label": "Net Income (Loss) Attributable to Parent", "terseLabel": "Net income", "totalLabel": "NET INCOME" } } }, "localname": "NetIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/EarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements.", "label": "New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification", "terseLabel": "Cumulative effect of accounting change" } } }, "localname": "NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.", "label": "New Accounting Pronouncements, Policy [Policy Text Block]", "terseLabel": "Recently Issued & Adopted Accounting Pronouncements" } } }, "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_NotesReceivableNet": { "auth_ref": [ "r13", "r109", "r131" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 6.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement.", "label": "Financing Receivable, after Allowance for Credit Loss", "terseLabel": "Advisor loans, net of allowance of $5,168 at September 30, 2019 and $5,080 at December 31, 2018" } } }, "localname": "NotesReceivableNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_NumberOfOperatingSegments": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.", "label": "Number of Operating Segments", "terseLabel": "Number of Operating Segments" } } }, "localname": "NumberOfOperatingSegments", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesReportableSegmentDetails" ], "xbrltype": "integerItemType" }, "us-gaap_NumberOfStatesInWhichEntityOperates": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The number of states the entity operates in as of the balance sheet date.", "label": "Number of States in which Entity Operates", "terseLabel": "Number of States in which Entity Operates" } } }, "localname": "NumberOfStatesInWhichEntityOperates", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/OrganizationAndDescriptionOfCompanyConsolidationParentOwnershipInterestDetails" ], "xbrltype": "integerItemType" }, "us-gaap_OccupancyNet": { "auth_ref": [ "r53", "r288", "r351" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 6.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense.", "label": "Occupancy, Net", "terseLabel": "Occupancy and equipment" } } }, "localname": "OccupancyNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingExpensesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Operating Expenses [Abstract]", "terseLabel": "EXPENSES:" } } }, "localname": "OperatingExpensesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingLeaseCost": { "auth_ref": [ "r297", "r303" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.", "label": "Operating Lease, Cost", "terseLabel": "Operating lease cost" } } }, "localname": "OperatingLeaseCost", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesComponentsOfLeaseExpenseDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Lessee, Operating Lease, Liability, Payment, Due [Abstract]", "terseLabel": "Operating Leases" } } }, "localname": "OperatingLeaseLiabilitiesPaymentsDueAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingLeaseLiability": { "auth_ref": [ "r290" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 10.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease.", "label": "Operating Lease, Liability", "terseLabel": "Operating lease liabilities", "verboseLabel": "Total operating lease liabilities" } } }, "localname": "OperatingLeaseLiability", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasePayments": { "auth_ref": [ "r294", "r298" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.", "label": "Operating Lease, Payments", "terseLabel": "Operating cash flows from operating leases" } } }, "localname": "OperatingLeasePayments", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalCashFlowInformationRelatedToLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseRightOfUseAsset": { "auth_ref": [ "r289" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 12.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's right to use underlying asset under operating lease.", "label": "Operating Lease, Right-of-Use Asset", "terseLabel": "Operating lease assets" } } }, "localname": "OperatingLeaseRightOfUseAsset", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent": { "auth_ref": [ "r300", "r303" ], "lang": { "en-US": { "role": { "documentation": "Weighted average discount rate for operating lease calculated at point in time.", "label": "Operating Lease, Weighted Average Discount Rate, Percent", "terseLabel": "Operating Lease, Weighted Average Discount Rate, Percent" } } }, "localname": "OperatingLeaseWeightedAverageDiscountRatePercent", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1": { "auth_ref": [ "r299", "r303" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Operating Lease, Weighted Average Remaining Lease Term", "terseLabel": "Operating Lease, Weighted Average Remaining Lease Term" } } }, "localname": "OperatingLeaseWeightedAverageRemainingLeaseTerm1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesSupplementalWeightedAverageInformationRelatedToLeasesDetails" ], "xbrltype": "durationItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDue": { "auth_ref": [ "r285", "r286" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.", "label": "Operating Leases, Future Minimum Payments Due", "totalLabel": "Total minimum payments under ASC Topic 840" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]", "terseLabel": "Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent": { "auth_ref": [ "r285", "r286" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details": { "order": 1.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments Due, Next Twelve Months", "terseLabel": "2019" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueCurrent", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears": { "auth_ref": [ "r285", "r286" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details": { "order": 5.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Five Years", "terseLabel": "2023" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInFiveYears", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears": { "auth_ref": [ "r285", "r286" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details": { "order": 4.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Four Years", "terseLabel": "2022" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInFourYears", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears": { "auth_ref": [ "r285", "r286" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details": { "order": 3.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Three Years", "terseLabel": "2021" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInThreeYears", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears": { "auth_ref": [ "r285", "r286" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details": { "order": 2.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Two Years", "terseLabel": "2020" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInTwoYears", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter": { "auth_ref": [ "r285", "r286" ], "calculation": { "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details": { "order": 6.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due Thereafter", "terseLabel": "Thereafter" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueThereafter", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesMaturitiesOfLeaseLiabilitiesAtPriorYearEndUnderAscTopic840Details" ], "xbrltype": "monetaryItemType" }, "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]" } } }, "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_OtherAssets": { "auth_ref": [ "r5", "r336", "r362" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 15.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of assets classified as other.", "label": "Other Assets", "terseLabel": "Other assets" } } }, "localname": "OtherAssets", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherAssetsFairValueDisclosure": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails": { "order": 3.0, "parentTag": "us-gaap_AssetsFairValueDisclosure", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of other assets.", "label": "Other Assets, Fair Value Disclosure", "terseLabel": "Other assets" } } }, "localname": "OtherAssetsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherExpenses": { "auth_ref": [ "r52", "r375" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 10.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expense classified as other.", "label": "Other Expenses", "terseLabel": "Other" } } }, "localname": "OtherExpenses", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherIncome": { "auth_ref": [ "r374" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnauditedCalc2": { "order": 6.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue and income classified as other.", "label": "Other Income", "terseLabel": "Other" } } }, "localname": "OtherIncome", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNoncashIncomeExpense": { "auth_ref": [ "r72" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 11.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other.", "label": "Other Noncash Income (Expense)", "negatedLabel": "Other" } } }, "localname": "OtherNoncashIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherReceivablesNetCurrent": { "auth_ref": [], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 7.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after allowance, of receivables classified as other, due within one year or the operating cycle, if longer.", "label": "Other Receivables, Net, Current", "verboseLabel": "Others, net of allowance of $10,989 at September 30, 2019 and $8,099 at December 31, 2018" } } }, "localname": "OtherReceivablesNetCurrent", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForRepurchaseOfCommonStock": { "auth_ref": [ "r61" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to reacquire common stock during the period.", "label": "Payments for Repurchase of Common Stock", "negatedLabel": "Repurchase of common stock" } } }, "localname": "PaymentsForRepurchaseOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDebtIssuanceCosts": { "auth_ref": [ "r63" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.", "label": "Payments of Debt Issuance Costs", "negatedLabel": "Payments of debt issuance costs" } } }, "localname": "PaymentsOfDebtIssuanceCosts", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDividends": { "auth_ref": [ "r61" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.", "label": "Payments of Dividends", "negatedTerseLabel": "Dividends on common stock" } } }, "localname": "PaymentsOfDividends", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation": { "auth_ref": [ "r61" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow to satisfy grantee's tax withholding obligation for award under share-based payment arrangement.", "label": "Payment, Tax Withholding, Share-based Payment Arrangement", "negatedLabel": "Tax payments related to settlement of restricted stock units" } } }, "localname": "PaymentsRelatedToTaxWithholdingForShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired": { "auth_ref": [ "r57" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.", "label": "Payments to Acquire Businesses, Net of Cash Acquired", "negatedTerseLabel": "Payments to Acquire Businesses, Net of Cash Acquired", "terseLabel": "Payments to Acquire Businesses, Net of Cash Acquired" } } }, "localname": "PaymentsToAcquireBusinessesNetOfCashAcquired", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireHeldToMaturitySecurities": { "auth_ref": [ "r56", "r113" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow through purchase of long-term held-to-maturity securities.", "label": "Payments to Acquire Held-to-maturity Securities", "negatedLabel": "Purchase of securities classified as held-to-maturity" } } }, "localname": "PaymentsToAcquireHeldToMaturitySecurities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquirePropertyPlantAndEquipment": { "auth_ref": [ "r58" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.", "label": "Payments to Acquire Property, Plant, and Equipment", "negatedLabel": "Capital expenditures" } } }, "localname": "PaymentsToAcquirePropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PrincipleTransactionRevenueDescriptionOfReportingCategoryAxis": { "auth_ref": [ "r332" ], "lang": { "en-US": { "role": { "documentation": "Information by reporting category or type of financial instruments related to a group of items that represent revenue.", "label": "Principal Transaction Revenue, Description of Reporting Category [Axis]", "terseLabel": "Principal Transaction Revenue, Description of Reporting Category [Axis]" } } }, "localname": "PrincipleTransactionRevenueDescriptionOfReportingCategoryAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables" ], "xbrltype": "stringItemType" }, "us-gaap_ProceedsFromLinesOfCredit": { "auth_ref": [ "r60", "r83" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 10.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.", "label": "Proceeds from Lines of Credit", "terseLabel": "Proceeds from revolving credit facility" } } }, "localname": "ProceedsFromLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromLongTermLinesOfCredit": { "auth_ref": [ "r60" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.", "label": "Proceeds from Long-term Lines of Credit", "terseLabel": "Proceeds from senior secured term loans and senior notes" } } }, "localname": "ProceedsFromLongTermLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities": { "auth_ref": [ "r54", "r113" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from the sale or maturity of long-term held-to-maturity securities.", "label": "Proceeds from Sale and Maturity of Held-to-maturity Securities", "verboseLabel": "Proceeds from maturity of securities classified as held-to-maturity" } } }, "localname": "ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfProductiveAssets": { "auth_ref": [ "r55" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets.", "label": "Proceeds from Sale of Productive Assets", "terseLabel": "Proceeds from disposal of fixed assets" } } }, "localname": "ProceedsFromSaleOfProductiveAssets", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromStockOptionsExercised": { "auth_ref": [ "r59", "r233" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from exercise of option under share-based payment arrangement.", "label": "Proceeds from Stock Options Exercised", "verboseLabel": "Proceeds from stock option exercises and other" } } }, "localname": "ProceedsFromStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProfessionalFees": { "auth_ref": [ "r385", "r387" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 7.0, "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.", "label": "Professional Fees", "terseLabel": "Professional services" } } }, "localname": "ProfessionalFees", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Property, Plant and Equipment [Member]", "terseLabel": "Fixed Assets" } } }, "localname": "PropertyPlantAndEquipmentMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PropertyPlantAndEquipmentNet": { "auth_ref": [ "r3", "r4", "r158", "r369" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 11.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Property, Plant and Equipment, Net", "verboseLabel": "Fixed assets, net of accumulated depreciation and amortization of $364,405 at September 30, 2019 and $308,155 at December 31, 2018" } } }, "localname": "PropertyPlantAndEquipmentNet", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProvisionForDoubtfulAccounts": { "auth_ref": [ "r46", "r126" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expense (reversal of expense) for expected credit loss on accounts receivable.", "label": "Accounts Receivable, Credit Loss Expense (Reversal)", "terseLabel": "Provision for bad debts" } } }, "localname": "ProvisionForDoubtfulAccounts", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ReceivableTypeDomain": { "auth_ref": [ "r29" ], "lang": { "en-US": { "role": { "documentation": "Financing arrangement representing a contractual right to receive money either on demand or on fixed and determinable dates.", "label": "Receivable [Domain]", "terseLabel": "Receivable [Domain]" } } }, "localname": "ReceivableTypeDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "domainItemType" }, "us-gaap_ReceivablesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Receivables [Abstract]", "verboseLabel": "Receivables from:" } } }, "localname": "ReceivablesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations": { "auth_ref": [ "r109", "r329" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 5.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.", "label": "Receivables from Brokers-Dealers and Clearing Organizations", "verboseLabel": "Product sponsors, broker-dealers, and clearing organizations" } } }, "localname": "ReceivablesFromBrokersDealersAndClearingOrganizations", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ReceivablesFromCustomers": { "auth_ref": [ "r109" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 4.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount due from customers for fees and charges arising from transactions related to the entity's brokerage activities and operations.", "label": "Receivables from Customers", "verboseLabel": "Clients, net of allowance of $730 at September 30, 2019 and $640 at December 31, 2018" } } }, "localname": "ReceivablesFromCustomers", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty": { "auth_ref": [ "r305" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.", "label": "Related Party Transaction, Expenses from Transactions with Related Party", "verboseLabel": "Related party transactions expenses" } } }, "localname": "RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RelatedPartyTransactionLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Related Party Transaction [Line Items]", "terseLabel": "Related Party Transaction [Line Items]" } } }, "localname": "RelatedPartyTransactionLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Related Party Transactions [Abstract]" } } }, "localname": "RelatedPartyTransactionsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": { "auth_ref": [ "r311" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Related Party Transactions Disclosure [Text Block]", "verboseLabel": "Related Party Transactions" } } }, "localname": "RelatedPartyTransactionsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RelatedPartyTransactions" ], "xbrltype": "textBlockItemType" }, "us-gaap_RepaymentsOfLinesOfCredit": { "auth_ref": [ "r62", "r83" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 11.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.", "label": "Repayments of Lines of Credit", "negatedLabel": "Repayments of revolving credit facility" } } }, "localname": "RepaymentsOfLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_RepaymentsOfLongTermLinesOfCredit": { "auth_ref": [ "r62" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.", "label": "Repayments of Long-term Lines of Credit", "negatedLabel": "Repayment of senior secured term loans" } } }, "localname": "RepaymentsOfLongTermLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_RestrictedCashAndCashEquivalents": { "auth_ref": [ "r1", "r73", "r78", "r335", "r366" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation": { "order": 3.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "weight": 1.0 }, "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 3.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Restricted Cash and Cash Equivalents", "terseLabel": "Restricted cash", "verboseLabel": "Restricted cash" } } }, "localname": "RestrictedCashAndCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnauditedCashCashEquivalentAndRestrictedCashReconciliation", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_RestrictedStockMember": { "auth_ref": [ "r93" ], "lang": { "en-US": { "role": { "documentation": "Stock including a provision that prohibits sale or substantive sale of an equity instrument for a specified period of time or until specified performance conditions are met.", "label": "Restricted Stock [Member]", "terseLabel": "Restricted Stock [Member]" } } }, "localname": "RestrictedStockMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RestrictedStockUnitsRSUMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share instrument which is convertible to stock or an equivalent amount of cash, after a specified period of time or when specified performance conditions are met.", "label": "Restricted Stock Units (RSUs) [Member]", "terseLabel": "Restricted stock units (RSUs) [Member]" } } }, "localname": "RestrictedStockUnitsRSUMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "auth_ref": [ "r15", "r183", "r367" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 4.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings (Accumulated Deficit)", "terseLabel": "Retained earnings" } } }, "localname": "RetainedEarningsAccumulatedDeficit", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_RetainedEarningsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings [Member]", "terseLabel": "Retained Earnings" } } }, "localname": "RetainedEarningsMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_RevenueFromContractWithCustomerAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Revenue from Contract with Customer [Abstract]" } } }, "localname": "RevenueFromContractWithCustomerAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_RevenueFromContractWithCustomerTextBlock": { "auth_ref": [ "r197" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.", "label": "Revenue from Contract with Customer [Text Block]", "terseLabel": "Revenues" } } }, "localname": "RevenueFromContractWithCustomerTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/Revenue" ], "xbrltype": "textBlockItemType" }, "us-gaap_RevenueFromRelatedParties": { "auth_ref": [ "r50", "r386" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.", "label": "Revenue from Related Parties", "verboseLabel": "Revenue from related party transactions" } } }, "localname": "RevenueFromRelatedParties", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Revenues": { "auth_ref": [ "r42", "r99", "r100", "r104" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited": { "order": 1.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0 }, "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnauditedCalc2": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).", "label": "Revenues", "totalLabel": "Total net revenues" } } }, "localname": "Revenues", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenuesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Revenues [Abstract]", "terseLabel": "REVENUES:" } } }, "localname": "RevenuesAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_RevolvingCreditFacilityMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount.", "label": "Revolving Credit Facility [Member]", "terseLabel": "Revolving Credit Facility [Member]" } } }, "localname": "RevolvingCreditFacilityMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtBrokerDealerCreditFacilityDetails", "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable": { "auth_ref": [ "r252", "r253" ], "lang": { "en-US": { "role": { "documentation": "Schedule reflecting each material business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities.", "label": "Schedule of Business Acquisitions, by Acquisition [Table]", "terseLabel": "Schedule of Business Acquisitions, by Acquisition [Table]" } } }, "localname": "ScheduleOfBusinessAcquisitionsByAcquisitionTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfDebtInstrumentsTextBlock": { "auth_ref": [ "r26", "r82", "r179", "r180", "r181", "r182", "r280", "r281", "r283", "r359" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.", "label": "Schedule of Long-term Debt Instruments [Table Text Block]", "verboseLabel": "Outstanding borrowings" } } }, "localname": "ScheduleOfDebtInstrumentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": { "auth_ref": [ "r94" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.", "label": "Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]", "terseLabel": "Basic and diluted earnings per share computations" } } }, "localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/EarningsPerShareTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock": { "auth_ref": [ "r268", "r269" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).", "label": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]", "verboseLabel": "Financial assets and financial liabilities measured at fair value on a recurring basis" } } }, "localname": "ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable": { "auth_ref": [ "r144", "r149" ], "lang": { "en-US": { "role": { "documentation": "Schedule of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Schedule of Finite-Lived Intangible Assets [Table]", "terseLabel": "Schedule of Finite-Lived Intangible Assets [Table]" } } }, "localname": "ScheduleOfFiniteLivedIntangibleAssetsTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsFutureAmortizationExpenseDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.", "label": "Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]", "terseLabel": "Schedule of Maturities of Lease Liabilities under ASC Topic 840" } } }, "localname": "ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfGoodwillTextBlock": { "auth_ref": [ "r140", "r141" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.", "label": "Schedule of Goodwill [Table Text Block]", "terseLabel": "Summary of activity in goodwill" } } }, "localname": "ScheduleOfGoodwillTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfHeldToMaturitySecuritiesLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Schedule of Held-to-maturity Securities [Line Items]", "terseLabel": "Schedule of Held-to-maturity Securities [Line Items]" } } }, "localname": "ScheduleOfHeldToMaturitySecuritiesLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfHeldToMaturitySecuritiesTable": { "auth_ref": [ "r121" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity [Table]", "terseLabel": "Debt Securities, Held-to-maturity [Table]" } } }, "localname": "ScheduleOfHeldToMaturitySecuritiesTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock": { "auth_ref": [ "r140" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.", "label": "Schedule of Intangible Assets and Goodwill [Table Text Block]", "terseLabel": "Components of intangible assets" } } }, "localname": "ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable": { "auth_ref": [ "r81", "r306", "r307", "r308", "r309", "r310" ], "lang": { "en-US": { "role": { "documentation": "Schedule of quantitative and qualitative information pertaining to related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Schedule of Related Party Transactions, by Related Party [Table]", "terseLabel": "Schedule of Related Party Transactions, by Related Party [Table]" } } }, "localname": "ScheduleOfRelatedPartyTransactionsByRelatedPartyTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": { "auth_ref": [ "r204", "r232" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about share-based payment arrangement.", "label": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]", "terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]" } } }, "localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable": { "auth_ref": [ "r232" ], "lang": { "en-US": { "role": { "documentation": "Details comprising a table providing supplementary information on outstanding and exercisable share awards as of the balance sheet date which stratifies outstanding options by ranges of exercise prices.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range [Table]", "terseLabel": "Share-based Payment Arrangement, Option, Exercise Price Range [Table]" } } }, "localname": "ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock": { "auth_ref": [ "r232" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]", "terseLabel": "Summary of outstanding stock options and warrant information" } } }, "localname": "ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock": { "auth_ref": [ "r207", "r218", "r220" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.", "label": "Share-based Payment Arrangement, Option, Activity [Table Text Block]", "terseLabel": "Summary of stock option and warrant activity" } } }, "localname": "ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock": { "auth_ref": [ "r224" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.", "label": "Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]", "terseLabel": "Weighted-average assumptions used for calculating the fair value of stock options and warrants with the Black-Scholes valuation model" } } }, "localname": "ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.", "label": "Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]", "terseLabel": "Summary of restricted stock awards and restricted stock units activity" } } }, "localname": "ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfTreasuryStockByClassTextBlock": { "auth_ref": [ "r184", "r185", "r186", "r187" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.", "label": "Class of Treasury Stock [Table Text Block]", "terseLabel": "Summary of share repurchase program activity" } } }, "localname": "ScheduleOfTreasuryStockByClassTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquityTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock": { "auth_ref": [ "r149" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.", "label": "Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]", "terseLabel": "Amortization expense" } } }, "localname": "ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsGoodwillAndOtherIntangibleAssetsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SecuredDebtMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Collateralized debt obligation backed by, for example, but not limited to, pledge, mortgage or other lien on the entity's assets.", "label": "Secured Debt [Member]", "terseLabel": "Secured Debt [Member]" } } }, "localname": "SecuredDebtMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SecuritiesBorrowed": { "auth_ref": [ "r30", "r31", "r320" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 10.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after the effects of master netting arrangements, of securities borrowed from entities in exchange for collateral. Includes assets not subject to a master netting arrangement and not elected to be offset.", "label": "Securities Borrowed", "terseLabel": "Securities borrowed" } } }, "localname": "SecuritiesBorrowed", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue": { "auth_ref": [ "r319", "r321" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of financial instrument held by the entity for its own account (proprietary securities) for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions.", "label": "Security Owned and Pledged as Collateral, Fair Value", "terseLabel": "Trading securities pledged to clearing organizations" } } }, "localname": "SecurityOwnedAndPledgedAsCollateralFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SecurityOwnedAndPledgedAsCollateralFairValueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Security Owned and Pledged as Collateral, Fair Value [Abstract]", "terseLabel": "Security Owned and Pledged as Collateral, Fair Value [Abstract]" } } }, "localname": "SecurityOwnedAndPledgedAsCollateralFairValueAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesOtherCommitmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis": { "auth_ref": [ "r331" ], "lang": { "en-US": { "role": { "documentation": "Group of financial instruments held by a broker-dealer for their own account (proprietary securities) for trading or investment purposes that are carried at fair value including securities sold, not yet purchased.", "label": "Security Owned and Sold, Not yet Purchased, at Fair Value [Axis]", "terseLabel": "Security Owned and Sold, Not yet Purchased, at Fair Value [Axis]" } } }, "localname": "SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Type of financial instrument held by a broker-dealer for their own account (proprietary securities) for trading or investment purposes that are carried at fair value including securities sold, not yet purchased.", "label": "Security Owned and Sold, Not yet Purchased Fair Value, Security Name [Domain]", "terseLabel": "Security Owned and Sold, Not yet Purchased Fair Value, Security Name [Domain]" } } }, "localname": "SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityNameDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SegmentReportingPolicyPolicyTextBlock": { "auth_ref": [ "r79" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for segment reporting.", "label": "Segment Reporting, Policy [Policy Text Block]", "terseLabel": "Reportable Segment" } } }, "localname": "SegmentReportingPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ShareBasedCompensation": { "auth_ref": [ "r70" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of noncash expense for share-based payment arrangement.", "label": "Share-based Payment Arrangement, Noncash Expense", "verboseLabel": "Share-based compensation" } } }, "localname": "ShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Share-based Payment Arrangement, Noncash Expense [Abstract]", "terseLabel": "Share-based compensation:" } } }, "localname": "ShareBasedCompensationAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAdditionalDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod": { "auth_ref": [ "r212" ], "lang": { "en-US": { "role": { "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period", "negatedTerseLabel": "Number of Shares, Forfeited" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue": { "auth_ref": [ "r216" ], "lang": { "en-US": { "role": { "documentation": "Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value", "terseLabel": "Weighted-Average Grant-Date Fair Value, Forfeited" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod": { "auth_ref": [ "r214" ], "lang": { "en-US": { "role": { "documentation": "The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period", "terseLabel": "Number of Shares, Granted" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r214" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Weighted-Average Grant-Date Fair Value, Granted" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber": { "auth_ref": [ "r213" ], "lang": { "en-US": { "role": { "documentation": "The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number", "periodEndLabel": "Number of Shares, Ending Balance", "periodStartLabel": "Number of Shares, Beginning Balance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue": { "auth_ref": [ "r213" ], "lang": { "en-US": { "role": { "documentation": "Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value", "periodEndLabel": "Weighted-Average Grant-Date Fair Value, Ending Balance", "periodStartLabel": "Weighted-Average Grant-Date Fair Value, Beginning Balance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod": { "auth_ref": [ "r215" ], "lang": { "en-US": { "role": { "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period", "negatedLabel": "Number of Shares, Vested" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r215" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Weighted-Average Grant-Date Fair Value, Vested" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAndMethodologyAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate": { "auth_ref": [ "r227" ], "lang": { "en-US": { "role": { "documentation": "The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate", "terseLabel": "Expected dividend yield" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate": { "auth_ref": [ "r226" ], "lang": { "en-US": { "role": { "documentation": "The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate", "terseLabel": "Expected stock price volatility" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate": { "auth_ref": [ "r228" ], "lang": { "en-US": { "role": { "documentation": "The risk-free interest rate assumption that is used in valuing an option on its own shares.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate", "terseLabel": "Risk-free interest rate" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized": { "auth_ref": [ "r205" ], "lang": { "en-US": { "role": { "documentation": "Number of shares authorized for issuance under share-based payment arrangement.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized", "terseLabel": "Authorized shares" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": { "auth_ref": [ "r232" ], "lang": { "en-US": { "role": { "documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber": { "auth_ref": [ "r210" ], "lang": { "en-US": { "role": { "documentation": "The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number", "terseLabel": "Number of Shares Exercisable, Ending Balance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice": { "auth_ref": [ "r210" ], "lang": { "en-US": { "role": { "documentation": "The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price", "terseLabel": "Weighted-Average Exercise Price, Exercisable" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod": { "auth_ref": [ "r212" ], "lang": { "en-US": { "role": { "documentation": "The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period", "negatedTerseLabel": "Number of Shares, Forfeited" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Gross number of share options (or share units) granted during the period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross", "terseLabel": "Number of Shares, Granted" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r219" ], "lang": { "en-US": { "role": { "documentation": "The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Fair value of options" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue": { "auth_ref": [ "r232" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value", "terseLabel": "Aggregate Intrinsic Value, Outstanding, Ending Balance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber": { "auth_ref": [ "r209", "r232" ], "lang": { "en-US": { "role": { "documentation": "Number of options outstanding, including both vested and non-vested options.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number", "periodEndLabel": "Number of Shares Outstanding, Ending Balance", "periodStartLabel": "Number of Shares Outstanding, Beginning Balance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice": { "auth_ref": [ "r208" ], "lang": { "en-US": { "role": { "documentation": "Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price", "periodEndLabel": "Weighed-Average Exercise Price, Ending Balance", "periodStartLabel": "Weighed-Average Exercise Price, Beginning Balance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue": { "auth_ref": [ "r222" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest exercisable or convertible options. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value", "terseLabel": "Aggregate Intrinsic Value, Exercisable and expected to vest, Ending Balance" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber": { "auth_ref": [ "r222" ], "lang": { "en-US": { "role": { "documentation": "Number of fully vested and expected to vest exercisable options that may be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number", "terseLabel": "Number of Shares Exercisable and expect to vest" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice": { "auth_ref": [ "r222" ], "lang": { "en-US": { "role": { "documentation": "Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest exercisable or convertible options. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price", "terseLabel": "Weighed-Average Exercise Price, Excercisable and expect to vest" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber": { "auth_ref": [ "r221" ], "lang": { "en-US": { "role": { "documentation": "Number of fully vested and expected to vest options outstanding that can be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number", "terseLabel": "Number of Shares, Expected to vest" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice": { "auth_ref": [ "r221" ], "lang": { "en-US": { "role": { "documentation": "Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price", "terseLabel": "Weighed-Average Grant-Date Fair Value, Expected to vest" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": { "auth_ref": [ "r202", "r206" ], "lang": { "en-US": { "role": { "documentation": "Award under share-based payment arrangement.", "label": "Award Type [Domain]", "terseLabel": "Award Type [Domain]" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RestrictedStockActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails", "http://www.lpl.com/role/ShareBasedCompensationTexualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted average price at which option holders acquired shares when converting their stock options into shares.", "label": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price", "terseLabel": "Weighted-Average Exercise Price, Exercised" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.", "label": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price", "terseLabel": "Weighted-Average Exercise Price, Forfeited" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.", "label": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price", "terseLabel": "Weighted-Average Exercise Price, Granted" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis": { "auth_ref": [ "r223" ], "lang": { "en-US": { "role": { "documentation": "Information by range of option prices pertaining to options granted.", "label": "Exercise Price Range [Axis]", "terseLabel": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Axis]" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain": { "auth_ref": [ "r229" ], "lang": { "en-US": { "role": { "documentation": "Supplementary information on outstanding and exercisable share awards as of the balance sheet date which stratifies outstanding options by ranges of exercise prices.", "label": "Exercise Price Range [Domain]", "terseLabel": "Exercise Price Range [Domain]" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeEndOfPeriodAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Share-based Payment Arrangement, Option, Exercise Price Range, End of Period [Abstract]", "terseLabel": "Summary information about outstanding stock options and warrants" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeEndOfPeriodAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]", "terseLabel": "Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions": { "auth_ref": [ "r217" ], "lang": { "en-US": { "role": { "documentation": "The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range, Shares Exercisable", "terseLabel": "Number of shares, Exercisable" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions": { "auth_ref": [ "r209" ], "lang": { "en-US": { "role": { "documentation": "The number of shares reserved for issuance pertaining to the outstanding stock options as of the balance sheet date for all option plans in the customized range of exercise prices.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding", "terseLabel": "Total number of shares, Outstanding" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareRepurchaseProgramAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by share repurchase program.", "label": "Share Repurchase Program [Axis]", "terseLabel": "Share Repurchase Program [Axis]" } } }, "localname": "ShareRepurchaseProgramAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquityTables", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails", "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareRepurchaseProgramDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the share repurchase program.", "label": "Share Repurchase Program [Domain]", "terseLabel": "Share Repurchase Program [Domain]" } } }, "localname": "ShareRepurchaseProgramDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquityTables", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails", "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1": { "auth_ref": [ "r225", "r234" ], "lang": { "en-US": { "role": { "documentation": "Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term", "terseLabel": "Expected life (in years)" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantAssumptionsDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1": { "auth_ref": [ "r232" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value", "terseLabel": "Aggregate Intrinsic Value, Exercisable, Ending Balance" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1": { "auth_ref": [ "r232" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term", "terseLabel": "Weighted-Average Remaining Contractual Term, Options Exercisable" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2": { "auth_ref": [ "r221" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term", "terseLabel": "Weighted-Average Remaining Contractual Term, Options Outstanding" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1": { "auth_ref": [ "r222" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term for fully vested and expected to vest exercisable or convertible options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term", "terseLabel": "Weighted-Average Remaining Contractual Term, Exercisable and expected to vest" } } }, "localname": "SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1": { "auth_ref": [ "r210" ], "lang": { "en-US": { "role": { "documentation": "Weighted average exercise price as of the balance sheet date for those equity-based payment arrangements exercisable and outstanding.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price", "terseLabel": "Weighted-average exercise price, Exercisable" } } }, "localname": "SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1": { "auth_ref": [ "r209" ], "lang": { "en-US": { "role": { "documentation": "The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding stock options which are in the customized range of exercise prices.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price", "terseLabel": "Weighted-average exercise price, Outstanding" } } }, "localname": "SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2": { "auth_ref": [ "r221" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term of outstanding stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term", "terseLabel": "Weighted-average remaining life (years), Outstanding" } } }, "localname": "SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/ShareBasedCompensationOutstandingStockOptionsAndWarrantInformationDetails" ], "xbrltype": "durationItemType" }, "us-gaap_SharesIssued": { "auth_ref": [ "r178" ], "lang": { "en-US": { "role": { "documentation": "Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.", "label": "Shares, Issued", "periodEndLabel": "ENDING BALANCE, shares", "periodStartLabel": "BEGINNING BALANCE, shares" } } }, "localname": "SharesIssued", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "sharesItemType" }, "us-gaap_StatementClassOfStockAxis": { "auth_ref": [ "r10", "r11", "r12", "r178" ], "lang": { "en-US": { "role": { "documentation": "Information by the different classes of stock of the entity.", "label": "Class of Stock [Axis]", "terseLabel": "Class of Stock [Axis]" } } }, "localname": "StatementClassOfStockAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/AcquisitionsDetails", "http://www.lpl.com/role/StockholdersEquityTables", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementEquityComponentsAxis": { "auth_ref": [ "r28", "r178" ], "lang": { "en-US": { "role": { "documentation": "Information by component of equity.", "label": "Equity Components [Axis]", "terseLabel": "Equity Components [Axis]" } } }, "localname": "StatementEquityComponentsAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_StatementLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Statement [Line Items]", "terseLabel": "Statement [Line Items]" } } }, "localname": "StatementLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_StatementOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "localname": "StatementOfCashFlowsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfFinancialPositionAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Financial Position [Abstract]" } } }, "localname": "StatementOfFinancialPositionAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Stockholders' Equity [Abstract]" } } }, "localname": "StatementOfStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.", "label": "Statement [Table]", "terseLabel": "Statement [Table]" } } }, "localname": "StatementTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures": { "auth_ref": [ "r11", "r12", "r178", "r183" ], "lang": { "en-US": { "role": { "documentation": "Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited.", "label": "Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures", "terseLabel": "Issuance of common stock to settle restricted stock units, net, shares" } } }, "localname": "StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised": { "auth_ref": [ "r11", "r12", "r178", "r183", "r211" ], "lang": { "en-US": { "role": { "documentation": "Number of share options (or share units) exercised during the current period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period", "negatedLabel": "Number of Shares, Exercised", "terseLabel": "Stock option exercises and other (in shares)" } } }, "localname": "StockIssuedDuringPeriodSharesStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited", "http://www.lpl.com/role/ShareBasedCompensationStockOptionAndWarrantActivityDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures": { "auth_ref": [ "r178", "r183" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock related to Restricted Stock Awards issued during the period, net of the stock value of such awards forfeited.", "label": "Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures", "terseLabel": "Issuance of common stock to settle restricted stock units, net" } } }, "localname": "StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised": { "auth_ref": [ "r28", "r178", "r183" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock issued as a result of the exercise of stock options.", "label": "Stock Issued During Period, Value, Stock Options Exercised", "terseLabel": "Stock option exercises and other" } } }, "localname": "StockIssuedDuringPeriodValueStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount remaining of a stock repurchase plan authorized.", "label": "Stock Repurchase Program, Remaining Authorized Repurchase Amount", "terseLabel": "Amount Remaining" } } }, "localname": "StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquity": { "auth_ref": [ "r12", "r16", "r17", "r111" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.", "label": "Stockholders' Equity Attributable to Parent", "periodEndLabel": "ENDING BALANCE", "periodStartLabel": "BEGINNING BALANCE", "totalLabel": "Total stockholders' equity" } } }, "localname": "StockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Attributable to Parent [Abstract]", "verboseLabel": "STOCKHOLDERS' EQUITY:" } } }, "localname": "StockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Note [Abstract]" } } }, "localname": "StockholdersEquityNoteAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "auth_ref": [ "r188" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.", "label": "Stockholders' Equity Note Disclosure [Text Block]", "terseLabel": "Stockholders' Equity Note Disclosure [Text Block]" } } }, "localname": "StockholdersEquityNoteDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdersEquity" ], "xbrltype": "textBlockItemType" }, "us-gaap_SubsequentEventLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.", "label": "Subsequent Event [Line Items]", "terseLabel": "Subsequent Event [Line Items]" } } }, "localname": "SubsequentEventLineItems", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Identifies event that occurred after the balance sheet date but before financial statements are issued or available to be issued.", "label": "Subsequent Event [Member]", "terseLabel": "Subsequent Event [Member]" } } }, "localname": "SubsequentEventMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SubsequentEventTable": { "auth_ref": [ "r312" ], "lang": { "en-US": { "role": { "documentation": "Discloses pertinent information about one or more significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued.", "label": "Subsequent Event [Table]", "terseLabel": "Subsequent Event [Table]" } } }, "localname": "SubsequentEventTable", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventTypeAxis": { "auth_ref": [ "r312" ], "lang": { "en-US": { "role": { "documentation": "Information by event that occurred after the balance sheet date but before financial statements are issued or available to be issued.", "label": "Subsequent Event Type [Axis]", "terseLabel": "Subsequent Event Type [Axis]" } } }, "localname": "SubsequentEventTypeAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventTypeDomain": { "auth_ref": [ "r312" ], "lang": { "en-US": { "role": { "documentation": "Event that occurred after the balance sheet date but before financial statements are issued or available to be issued.", "label": "Subsequent Event Type [Domain]", "terseLabel": "Subsequent Event Type [Domain]" } } }, "localname": "SubsequentEventTypeDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEventsSubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SubsequentEventsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Subsequent Events [Abstract]" } } }, "localname": "SubsequentEventsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventsTextBlock": { "auth_ref": [ "r314" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.", "label": "Subsequent Events [Text Block]", "terseLabel": "Subsequent Events [Text Block]" } } }, "localname": "SubsequentEventsTextBlock", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/SubsequentEvents" ], "xbrltype": "textBlockItemType" }, "us-gaap_SupplementalCashFlowElementsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Supplemental Cash Flow Elements [Abstract]" } } }, "localname": "SupplementalCashFlowElementsAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "xbrltype": "stringItemType" }, "us-gaap_SupplementalCashFlowInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Supplemental Cash Flow Information [Abstract]", "verboseLabel": "SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:" } } }, "localname": "SupplementalCashFlowInformationAbstract", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" ], "xbrltype": "stringItemType" }, "us-gaap_TaxesPayableCurrentAndNoncurrent": { "auth_ref": [ "r8", "r339", "r364" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 6.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes.", "label": "Taxes Payable", "terseLabel": "Income taxes payable" } } }, "localname": "TaxesPayableCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_TechnologyBasedIntangibleAssetsMember": { "auth_ref": [ "r255" ], "lang": { "en-US": { "role": { "documentation": "Technology-based intangible assets, including, but not limited to, patented technology, unpatented technology, and developed technology rights.", "label": "Technology-Based Intangible Assets [Member]", "terseLabel": "Technology-Based Intangible Assets [Member]" } } }, "localname": "TechnologyBasedIntangibleAssetsMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TimingOfTransferOfGoodOrServiceAxis": { "auth_ref": [ "r195" ], "lang": { "en-US": { "role": { "documentation": "Information by timing of transfer of good or service to customer.", "label": "Timing of Transfer of Good or Service [Axis]", "terseLabel": "Timing of Transfer of Good or Service [Axis]" } } }, "localname": "TimingOfTransferOfGoodOrServiceAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "stringItemType" }, "us-gaap_TimingOfTransferOfGoodOrServiceDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Timing of transfer of good or service to customer. Includes, but is not limited to, at point in time or over time.", "label": "Timing of Transfer of Good or Service [Domain]", "terseLabel": "Timing of Transfer of Good or Service [Domain]" } } }, "localname": "TimingOfTransferOfGoodOrServiceDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueAssetBasedRevenueDisaggregatedByProductAndServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails", "http://www.lpl.com/role/RevenueTables", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TradeNamesMember": { "auth_ref": [ "r256" ], "lang": { "en-US": { "role": { "documentation": "Rights acquired through registration of a business name to gain or protect exclusive use thereof.", "label": "Trade Names [Member]", "terseLabel": "Trade Names [Member]" } } }, "localname": "TradeNamesMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TrademarksAndTradeNamesMember": { "auth_ref": [ "r256" ], "lang": { "en-US": { "role": { "documentation": "Rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style, or rights either acquired through registration of a business name to gain or protect exclusive use thereof.", "label": "Trademarks and Trade Names [Member]", "terseLabel": "Trademarks and Trade Names [Member]" } } }, "localname": "TrademarksAndTradeNamesMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/GoodwillAndOtherIntangibleAssetsIntangibleAssetsComponentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TradingSecurities": { "auth_ref": [ "r345" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 8.0, "parentTag": "us-gaap_Assets", "weight": 1.0 }, "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails": { "order": 2.0, "parentTag": "us-gaap_AssetsFairValueDisclosure", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).", "label": "Debt Securities, Trading, and Equity Securities, FV-NI", "terseLabel": "Securities owned \u2014 trading", "verboseLabel": "Trading \u2014 at fair value" } } }, "localname": "TradingSecurities", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited", "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TransferredAtPointInTimeMember": { "auth_ref": [ "r195" ], "lang": { "en-US": { "role": { "documentation": "Contract with customer in which good or service is transferred at point in time.", "label": "Transferred at Point in Time [Member]", "terseLabel": "Point-in-time [Member]" } } }, "localname": "TransferredAtPointInTimeMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TransferredOverTimeMember": { "auth_ref": [ "r195" ], "lang": { "en-US": { "role": { "documentation": "Contract with customer in which good or service is transferred over time.", "label": "Transferred over Time [Member]", "terseLabel": "Over time [Member]" } } }, "localname": "TransferredOverTimeMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueTransactionAndFeeRevenueDisaggregatedByTimingOfTransferOfGoodOrServiceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": { "auth_ref": [ "r325" ], "lang": { "en-US": { "role": { "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms.", "label": "Financial Instruments [Domain]", "terseLabel": "Financial Instruments [Domain]", "verboseLabel": "Major Types of Trading Securities and Assets [Domain]" } } }, "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockAcquiredAverageCostPerShare": { "auth_ref": [ "r184" ], "lang": { "en-US": { "role": { "documentation": "Total cost of shares repurchased divided by the total number of shares repurchased.", "label": "Treasury Stock Acquired, Average Cost Per Share", "terseLabel": "Weighted-Average Price Paid Per Share" } } }, "localname": "TreasuryStockAcquiredAverageCostPerShare", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_TreasuryStockMember": { "auth_ref": [ "r27", "r184" ], "lang": { "en-US": { "role": { "documentation": "Shares of an entity that have been repurchased by the entity. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer.", "label": "Treasury Stock [Member]", "terseLabel": "Treasury Stock" } } }, "localname": "TreasuryStockMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockShares": { "auth_ref": [ "r27", "r184" ], "lang": { "en-US": { "role": { "documentation": "Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.", "label": "Treasury Stock, Shares", "terseLabel": "Treasury stock, shares" } } }, "localname": "TreasuryStockShares", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnauditedParentheticals" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockSharesAcquired": { "auth_ref": [ "r12", "r178", "r183" ], "lang": { "en-US": { "role": { "documentation": "Number of shares that have been repurchased during the period and are being held in treasury.", "label": "Treasury Stock, Shares, Acquired", "terseLabel": "Shares Purchased", "verboseLabel": "Treasury stock purchases, shares" } } }, "localname": "TreasuryStockSharesAcquired", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockValue": { "auth_ref": [ "r27", "r184", "r187" ], "calculation": { "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited": { "order": 3.0, "parentTag": "us-gaap_StockholdersEquity", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.", "label": "Treasury Stock, Value", "negatedTerseLabel": "Treasury stock, at cost \u2014 44,858,459 shares at September 30, 2019 and 39,820,646 shares at December 31, 2018" } } }, "localname": "TreasuryStockValue", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfFinancialConditionUnaudited" ], "xbrltype": "monetaryItemType" }, "us-gaap_TreasuryStockValueAcquiredCostMethod": { "auth_ref": [ "r178", "r183", "r184" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.", "label": "Treasury Stock, Value, Acquired, Cost Method", "negatedLabel": "Treasury stock purchases", "verboseLabel": "Total Cost" } } }, "localname": "TreasuryStockValueAcquiredCostMethod", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfStockholdersEquityUnaudited", "http://www.lpl.com/role/StockholdesEquityShareRepurchasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_USTreasurySecuritiesMember": { "auth_ref": [ "r198", "r200", "r342" ], "lang": { "en-US": { "role": { "documentation": "This category includes information about debt securities issued by the United States Department of the Treasury and backed by the United States government. Such securities primarily consist of treasury bills (short-term maturities - one year or less), treasury notes (intermediate term maturities - two to ten years), and treasury bonds (long-term maturities - ten to thirty years).", "label": "US Treasury Securities [Member]", "terseLabel": "U.S. Treasury Securities [Member]", "verboseLabel": "U.S. treasury obligations [Member]" } } }, "localname": "USTreasurySecuritiesMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/FairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails", "http://www.lpl.com/role/HeldToMaturitySecuritiesDetails1" ], "xbrltype": "domainItemType" }, "us-gaap_UnsecuredDebtMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt obligation not collateralized by pledge of, mortgage of or other lien on the entity's assets.", "label": "Unsecured Debt [Member]", "terseLabel": "Unsecured Debt [Member]" } } }, "localname": "UnsecuredDebtMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails", "http://www.lpl.com/role/DebtDebtBankLoansPayableTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_VariableAnnuityMember": { "auth_ref": [ "r381", "r383", "r384" ], "lang": { "en-US": { "role": { "documentation": "Contract providing periodic payment that varies according to investment experience of separate account in which amount paid to provide for annuity is allocated.", "label": "Variable Annuity [Member]", "terseLabel": "Variable Annuities [Member]" } } }, "localname": "VariableAnnuityMember", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryAndTimingOfTransferOfGoodOrServiceDetails", "http://www.lpl.com/role/RevenueCommissionRevenueDisaggregatedByProductCategoryDetails" ], "xbrltype": "domainItemType" }, "us-gaap_VariableRateAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of variable rate.", "label": "Variable Rate [Axis]", "terseLabel": "Variable Rate [Axis]" } } }, "localname": "VariableRateAxis", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_VariableRateDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index.", "label": "Variable Rate [Domain]", "terseLabel": "Variable Rate [Domain]" } } }, "localname": "VariableRateDomain", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/DebtCreditAgreementOutstandingDetails", "http://www.lpl.com/role/DebtCreditAgreementTextualsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment": { "auth_ref": [ "r92" ], "calculation": { "http://www.lpl.com/role/EarningsPerShareDetails": { "order": 2.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.", "label": "Weighted Average Number Diluted Shares Outstanding Adjustment", "verboseLabel": "Dilutive common share equivalents" } } }, "localname": "WeightedAverageNumberDilutedSharesOutstandingAdjustment", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/EarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "auth_ref": [ "r88", "r92" ], "calculation": { "http://www.lpl.com/role/EarningsPerShareDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-US": { "role": { "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.", "label": "Weighted Average Number of Shares Outstanding, Diluted", "terseLabel": "Weighted-average shares outstanding, diluted", "totalLabel": "Diluted weighted-average number of shares outstanding" } } }, "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/EarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "auth_ref": [ "r87", "r92" ], "calculation": { "http://www.lpl.com/role/EarningsPerShareDetails": { "order": 1.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.", "label": "Weighted Average Number of Shares Outstanding, Basic", "terseLabel": "Weighted-average shares outstanding, basic", "verboseLabel": "Basic weighted-average number of shares outstanding" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "nsuri": "http://fasb.org/us-gaap/2019-01-31", "presentation": [ "http://www.lpl.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited", "http://www.lpl.com/role/EarningsPerShareDetails" ], "xbrltype": "sharesItemType" } }, "unitCount": 5 } }, "std_ref": { "r0": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765" }, "r1": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r10": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(27))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r100": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r101": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r102": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r103": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r104": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r105": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r106": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599" }, "r107": { "Name": "Accounting Standards Codification", "Paragraph": "41", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599" }, "r108": { "Name": "Accounting Standards Codification", "Paragraph": "42", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9054-108599" }, "r109": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=118952595&loc=d3e4428-111522" }, "r11": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(28))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r110": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=118936363&loc=d3e5074-111524" }, "r111": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 4.E)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707" }, "r112": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118954083&loc=d3e26610-111562" }, "r113": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118954083&loc=d3e26853-111562" }, "r114": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r115": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(aa)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r116": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r117": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r118": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(1)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r119": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r12": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(29))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r120": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(3)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r121": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563" }, "r122": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "320", "URI": "http://asc.fasb.org/topic&trid=2196928" }, "r123": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=118955202&loc=SL82895884-210446" }, "r124": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919244-210447" }, "r125": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447" }, "r126": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447" }, "r127": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(f)", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447" }, "r128": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447" }, "r129": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919253-210447" }, "r13": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r130": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919258-210447" }, "r131": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447" }, "r132": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447" }, "r133": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=118955579&loc=SL82922888-210455" }, "r134": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=118955579&loc=SL82922895-210455" }, "r135": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=118955579&loc=SL82922900-210455" }, "r136": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "55", "SubTopic": "30", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=118942371&loc=SL82922954-210456" }, "r137": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=99380562&loc=d3e13770-109266" }, "r138": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=77989000&loc=SL49117168-202975" }, "r139": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r14": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r140": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r141": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267" }, "r142": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274" }, "r143": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274" }, "r144": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r145": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(3)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r146": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r147": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r148": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "((a)(1),(b))", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r149": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r15": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r150": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(1)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r151": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(2)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r152": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(3)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r153": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r154": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r155": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "350", "URI": "http://asc.fasb.org/topic&trid=2144416" }, "r156": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r157": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r158": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r159": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r16": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r160": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "440", "URI": "http://asc.fasb.org/topic&trid=2144648" }, "r161": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=118942415&loc=d3e14326-108349" }, "r162": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=118942415&loc=d3e14615-108349" }, "r163": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=118942415&loc=d3e14394-108349" }, "r164": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=118942415&loc=d3e14435-108349" }, "r165": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=118942415&loc=d3e14453-108349" }, "r166": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=118942415&loc=d3e14472-108349" }, "r167": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=118942415&loc=d3e14557-108349" }, "r168": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "450", "URI": "http://asc.fasb.org/topic&trid=2127136" }, "r169": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=118943654&loc=d3e12021-110248" }, "r17": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(31))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r170": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=118943654&loc=d3e12053-110248" }, "r171": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=6802200&loc=SL6230698-112601" }, "r172": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)(1)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=109500613&loc=SL6031897-161870" }, "r173": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)(3)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=109500613&loc=SL6031897-161870" }, "r174": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=109500613&loc=SL6036836-161870" }, "r175": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "40", "SubTopic": "50", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629" }, "r176": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "40", "SubTopic": "50", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629" }, "r177": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "470", "URI": "http://asc.fasb.org/topic&trid=2208564" }, "r178": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644" }, "r179": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644" }, "r18": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(32))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r180": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644" }, "r181": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644" }, "r182": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644" }, "r183": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-04)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770" }, "r184": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655" }, "r185": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656" }, "r186": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656" }, "r187": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656" }, "r188": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "505", "URI": "http://asc.fasb.org/topic&trid=2208762" }, "r189": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045" }, "r19": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(5))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r190": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118944142&loc=SL49130690-203046-203046" }, "r191": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118944142&loc=SL49130690-203046-203046" }, "r192": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118944142&loc=SL49130690-203046-203046" }, "r193": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118944142&loc=SL49130690-203046-203046" }, "r194": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118944142&loc=SL49130690-203046-203046" }, "r195": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118944142&loc=SL49130690-203046-203046" }, "r196": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=118944142&loc=SL49130690-203046-203046" }, "r197": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "606", "URI": "http://asc.fasb.org/topic&trid=49130388" }, "r198": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(ii)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920" }, "r199": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(iv)(01)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920" }, "r2": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(12))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r20": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.1)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r200": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921" }, "r201": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "35", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116855982&loc=d3e4534-113899" }, "r202": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901" }, "r203": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901" }, "r204": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901" }, "r205": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r206": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a),(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r207": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r208": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r209": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(i)-(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r21": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.14)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r210": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r211": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r212": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r213": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(i)-(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r214": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r215": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r216": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r217": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(iii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r218": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r219": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r22": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.17)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r220": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r221": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r222": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r223": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r224": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r225": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r226": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r227": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(iii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r228": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)(2)(iv)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r229": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r23": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(b),22(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r230": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)(1)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r231": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r232": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901" }, "r233": { "Name": "Accounting Standards Codification", "Paragraph": "2A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=116856206&loc=SL79508275-113901" }, "r234": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 14.D.2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809" }, "r235": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 14.F)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809" }, "r236": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=118258462&loc=d3e11149-113907" }, "r237": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=118258462&loc=d3e11178-113907" }, "r238": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=118258462&loc=d3e11374-113907" }, "r239": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "718", "URI": "http://asc.fasb.org/topic&trid=2228938" }, "r24": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19-26)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r240": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=116821951&loc=d3e31931-109318" }, "r241": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319" }, "r242": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32698-109319" }, "r243": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r244": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r245": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 6.I)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817" }, "r246": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 6.I.7)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817" }, "r247": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324" }, "r248": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "740", "URI": "http://asc.fasb.org/topic&trid=2144680" }, "r249": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=116868678&loc=d3e845-128460" }, "r25": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r250": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=116868678&loc=d3e848-128460" }, "r251": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463" }, "r252": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463" }, "r253": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463" }, "r254": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472" }, "r255": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=77890550&loc=d3e5227-128473" }, "r256": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=77890550&loc=d3e5263-128473" }, "r257": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=77890550&loc=d3e5333-128473" }, "r258": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(c)(3)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479" }, "r259": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "805", "URI": "http://asc.fasb.org/topic&trid=2303972" }, "r26": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r260": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684" }, "r261": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c),(3)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r262": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r263": { "Name": "Accounting Standards Codification", "Paragraph": "4M", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116874947&loc=SL4591554-111686" }, "r264": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-02)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116822174&loc=d3e355033-122828" }, "r265": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-03)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116822174&loc=d3e355100-122828" }, "r266": { "Name": "Accounting Standards Codification", "Paragraph": "4A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959" }, "r267": { "Name": "Accounting Standards Codification", "Paragraph": "4B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959" }, "r268": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258" }, "r269": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258" }, "r27": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29,30)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r270": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bb)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258" }, "r271": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bbb)(1)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258" }, "r272": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bbb)(2)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258" }, "r273": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258" }, "r274": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258" }, "r275": { "Name": "Accounting Standards Codification", "Paragraph": "6A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=117815213&loc=SL6742756-110258" }, "r276": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "60", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260" }, "r277": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=118260190&loc=d3e13279-108611" }, "r278": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=118260190&loc=d3e13433-108611" }, "r279": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "230", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906" }, "r28": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29-31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r280": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399" }, "r281": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399" }, "r282": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399" }, "r283": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "55", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400" }, "r284": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=68176171&loc=SL68176184-208336" }, "r285": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(Note 3)", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697" }, "r286": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717" }, "r287": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717" }, "r288": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737" }, "r289": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977" }, "r29": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.3,4)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r290": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977" }, "r291": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918638-209977" }, "r292": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918643-209977" }, "r293": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918643-209977" }, "r294": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918643-209977" }, "r295": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918673-209980" }, "r296": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r297": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r298": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(1)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r299": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(3)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r3": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(13))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r30": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312" }, "r300": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(4)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r301": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r302": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980" }, "r303": { "Name": "Accounting Standards Codification", "Paragraph": "53", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971" }, "r304": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/subtopic&trid=77888251" }, "r305": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r306": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r307": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864" }, "r308": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864" }, "r309": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864" }, "r31": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313" }, "r310": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864" }, "r311": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "850", "URI": "http://asc.fasb.org/topic&trid=2122745" }, "r312": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "855", "URI": "http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662" }, "r313": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "855", "URI": "http://asc.fasb.org/extlink&oid=6842918&loc=SL6314020-165662" }, "r314": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "855", "URI": "http://asc.fasb.org/topic&trid=2122774" }, "r315": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=118948506&loc=d3e107207-111719" }, "r316": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=118948506&loc=d3e107207-111719" }, "r317": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=118948506&loc=d3e107207-111719" }, "r318": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(3)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=118948506&loc=d3e107207-111719" }, "r319": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728" }, "r32": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=SL7669646-108580" }, "r320": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r321": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)(1)(i)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r322": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(c)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r323": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(c)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r324": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r325": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746" }, "r326": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "340", "Topic": "928", "URI": "http://asc.fasb.org/extlink&oid=6473545&loc=d3e61844-108004" }, "r327": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "05", "SubTopic": "20", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=68070981&loc=d3e40544-110947" }, "r328": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "25", "SubTopic": "20", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953" }, "r329": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=35710130&loc=d3e41645-110958" }, "r33": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=d3e637-108580" }, "r330": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "35", "SubTopic": "320", "Subparagraph": "(b)", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=35711043&loc=d3e42429-110968" }, "r331": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "320", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=35711157&loc=d3e42546-110969" }, "r332": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "320", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=35711157&loc=d3e42567-110969" }, "r333": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "320", "Topic": "940", "URI": "http://asc.fasb.org/subtopic&trid=2176304" }, "r334": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "940", "URI": "http://asc.fasb.org/topic&trid=2176223" }, "r335": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(1)(a))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r336": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(10))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r337": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(11))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r338": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(13))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r339": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(15)(1))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r34": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=d3e681-108580" }, "r340": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(16))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r341": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r342": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(6)(a)(1))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r343": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(6))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r344": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15(1),(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r345": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.4)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r346": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(15))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260" }, "r347": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260" }, "r348": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260" }, "r349": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04.10)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260" }, "r35": { "Name": "Accounting Standards Codification", "Paragraph": "14A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580" }, "r350": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04.13(a),(b))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260" }, "r351": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04.14(b))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260" }, "r352": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04.8)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260" }, "r353": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Subparagraph": "(a)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803" }, "r354": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Subparagraph": "(b)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803" }, "r355": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Subparagraph": "(c)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803" }, "r356": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "320", "Topic": "942", "URI": "http://asc.fasb.org/subtopic&trid=2209399" }, "r357": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "405", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818" }, "r358": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "470", "Subparagraph": "e", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823" }, "r359": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "470", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823" }, "r36": { "Name": "Accounting Standards Codification", "Paragraph": "17B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=SL34724394-108580" }, "r360": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r361": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(1)(b))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r362": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r363": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(12))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r364": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(15))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r365": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r366": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(2))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r367": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r368": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(25))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r369": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r37": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580" }, "r370": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910" }, "r371": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(18))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263" }, "r372": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(19))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263" }, "r373": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263" }, "r374": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04.4)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263" }, "r375": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04.7)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263" }, "r376": { "Name": "Accounting Standards Codification", "Paragraph": "4H", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116884468&loc=SL65671331-158438" }, "r377": { "Name": "Accounting Standards Codification", "Paragraph": "13H", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Subparagraph": "(a)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=117419784&loc=SL117783719-158441" }, "r378": { "Name": "Accounting Standards Codification", "Paragraph": "13H", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Subparagraph": "(b)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=117419784&loc=SL117783719-158441" }, "r379": { "Name": "Accounting Standards Codification", "Paragraph": "13H", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Subparagraph": "(c)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=117419784&loc=SL117783719-158441" }, "r38": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580" }, "r380": { "Name": "Accounting Standards Codification", "Paragraph": "29F", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=117419784&loc=SL117819544-158441" }, "r381": { "Name": "Accounting Standards Codification", "Paragraph": "29G", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=117419784&loc=SL117819547-158441" }, "r382": { "Name": "Accounting Standards Codification", "Paragraph": "9C", "Publisher": "FASB", "Section": "55", "SubTopic": "40", "Subparagraph": "(a)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=116884803&loc=SL65671395-207642" }, "r383": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "80", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=117420044&loc=SL117422267-158473" }, "r384": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "55", "SubTopic": "80", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=118959010&loc=SL117422401-158474" }, "r385": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "220", "Subparagraph": "(k)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=118262090&loc=SL114874205-224268" }, "r386": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.6-07.1(c))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=116637345&loc=SL114874292-224272" }, "r387": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.6-07.2(a),(b),(c),(d))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=116637345&loc=SL114874292-224272" }, "r388": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-15)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611379-123010" }, "r389": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "320", "Topic": "946", "URI": "http://asc.fasb.org/subtopic&trid=2324412" }, "r39": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580" }, "r390": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "310", "Subparagraph": "(SX 210.12-29(Footnote 4))", "Topic": "948", "URI": "http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014" }, "r391": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "360", "Subparagraph": "(SX 210.12-28(Footnote 2))", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024" }, "r392": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r393": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r394": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-13" }, "r395": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1-" }, "r396": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r397": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r398": { "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "11", "Subsection": "03" }, "r399": { "Footnote": "2", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "12", "Subsection": "28" }, "r4": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(14))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r40": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580" }, "r400": { "Footnote": "4", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "12", "Subsection": "29" }, "r401": { "Name": "Rule 15c3-1", "Number": "240", "Publisher": "SEC", "Section": "15c3-1" }, "r41": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=118930883&loc=d3e557-108580" }, "r42": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(1))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r43": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(10))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r44": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(20))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r45": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(21))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r46": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(5))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r47": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(8))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r48": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(b)(4))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r49": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r5": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(17))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r50": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1(e))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r51": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.4)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r52": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.4,6)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r53": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.6)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227" }, "r54": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3179-108585" }, "r55": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3179-108585" }, "r56": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3213-108585" }, "r57": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3213-108585" }, "r58": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3213-108585" }, "r59": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585" }, "r6": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(19))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r60": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585" }, "r61": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585" }, "r62": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585" }, "r63": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585" }, "r64": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3367-108585" }, "r65": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3444-108585" }, "r66": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585" }, "r67": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585" }, "r68": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585" }, "r69": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585" }, "r7": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(2))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r70": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585" }, "r71": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585" }, "r72": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585" }, "r73": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585" }, "r74": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586" }, "r75": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586" }, "r76": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4313-108586" }, "r77": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4332-108586" }, "r78": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586" }, "r79": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790" }, "r8": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(20))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r80": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r81": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(k))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r82": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(e),(f))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r83": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(f))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r84": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r85": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "235", "URI": "http://asc.fasb.org/topic&trid=2122369" }, "r86": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794" }, "r87": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=117326831&loc=d3e1448-109256" }, "r88": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=117326831&loc=d3e1505-109256" }, "r89": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256" }, "r9": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(22))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r90": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256" }, "r91": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256" }, "r92": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r93": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r94": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r95": { "Name": "Accounting Standards Codification", "Paragraph": "52", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258" }, "r96": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "260", "URI": "http://asc.fasb.org/topic&trid=2144383" }, "r97": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r98": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "275", "URI": "http://asc.fasb.org/topic&trid=2134479" }, "r99": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" } }, "version": "2.1" } XML 65 R10.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue
 9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Revenues are recognized when control of the promised services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Revenues are analyzed to determine whether the Company is the principal (i.e., reports revenues on a gross basis) or agent (i.e., reports revenues on a net basis) in the contract. Principal or agent designations depend primarily on the control an entity has over the product or service before control is transferred to a customer. The indicators of which party exercises control include primary responsibility over performance obligations, inventory risk before the good or service is transferred and discretion in establishing the price.
Commission Revenue
Commission revenue represents sales commissions generated by advisors for their clients’ purchases and sales of securities on exchanges and over-the-counter, as well as purchases of other investment products. The Company views the selling, distribution and marketing, or any combination thereof, of investment products to such clients as a single performance obligation to the product sponsors.
The Company is the principal for commission revenue, as it is responsible for the execution of the clients’ purchases and sales, and maintains relationships with the product sponsors. Advisors assist the Company in performing its obligations. Accordingly, total commission revenues are reported on a gross basis.    
The following table presents total commission revenue disaggregated by investment product category (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Variable annuities
$
202,131

 
$
201,075

 
$
586,421

 
$
597,613

Mutual funds
148,672

 
155,579

 
438,714

 
470,665

Alternative investments
5,467

 
6,331

 
17,526

 
18,602

Fixed annuities
41,541

 
47,117

 
144,106

 
127,288

Equities
20,149

 
19,082

 
58,213

 
62,071

Fixed income
30,917

 
32,144

 
91,480

 
93,368

Insurance
17,004

 
16,155

 
52,085

 
51,993

Group annuities
8,761

 
9,064

 
26,030

 
27,576

Other
351

 
328

 
912

 
595

Total commission revenue    
$
474,993

 
$
486,875

 
$
1,415,487

 
$
1,449,771


The Company generates two types of commission revenue: sales-based commission revenue that is recognized at the point of sale on the trade date and trailing commission revenue that is recognized over time as earned. Sales-based commission revenue varies by investment product and is based on a percentage of an investment product’s current market value at the time of purchase. Trailing commission revenue is generally based on a percentage of the current market value of clients’ investment holdings in trail-eligible assets, and is recognized over the period during which services, such as ongoing support, are performed. As trailing commission revenue is based on the market value of clients’ investment holdings, the consideration is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts. The constraint is removed once the investment holdings value can be determined.

The following table presents sales-based and trailing commission revenues disaggregated by product category (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Sales-based
 
 
 
 
 
 
 
Variable annuities
$
59,948

 
$
57,491

 
$
168,234

 
$
168,487

Mutual funds
36,358

 
33,319

 
109,084

 
107,910

Alternative investments
2,009

 
1,822

 
5,976

 
5,457

Fixed annuities
34,309

 
40,040

 
122,516

 
107,709

Equities
20,149

 
19,082

 
58,213

 
62,071

Fixed income
24,950

 
25,757

 
73,749

 
74,587

Insurance
15,289

 
14,433

 
46,762

 
46,877

Group annuities
979

 
1,273

 
3,426

 
3,615

Other
351

 
328

 
912

 
595

Total sales-based revenue
$
194,342

 
$
193,545

 
$
588,872

 
$
577,308

Trailing
 
 
 
 
 
 
 
Variable annuities
$
142,183

 
$
143,584

 
$
418,187

 
$
429,126

Mutual funds
112,314

 
122,260

 
329,630

 
362,755

Alternative investments
3,458

 
4,509

 
11,550

 
13,145

Fixed annuities
7,232

 
7,077

 
21,590

 
19,579

Fixed income
5,967

 
6,387

 
17,731

 
18,781

Insurance
1,715

 
1,722

 
5,323

 
5,116

Group annuities
7,782

 
7,791

 
22,604

 
23,961

Total trailing revenue
$
280,651

 
$
293,330

 
$
826,615

 
$
872,463

Total commission revenue
$
474,993

 
$
486,875

 
$
1,415,487

 
$
1,449,771


Advisory Revenue
Advisory revenue represents fees charged to advisors’ clients’ accounts on the Company’s corporate advisory platform. The Company provides ongoing investment advice and acts as a custodian, providing brokerage and execution services on transactions, and performs administrative services for these accounts. This series of performance obligations transfers control of the services to the client over time as the services are performed. This revenue is recognized ratably over time to match the continued delivery of the performance obligations to the client over the life of the contract. The advisory revenue generated from the Company’s corporate advisory platform is based on a percentage of the market value of the eligible assets in the clients’ advisory accounts. As such, the consideration for this revenue is variable and an estimate of the variable consideration is constrained due to dependence on unpredictable market impacts on client portfolio values. The constraint is removed once the portfolio value can be determined.
The Company provides advisory services to clients on its corporate advisory platform through the advisor. The Company is the principal in these arrangements and recognizes advisory revenue on a gross basis, as the Company is responsible for satisfying the performance obligations, carries the inventory risk and has control over determining the fees. Advisors assist the Company in performing its obligations.
Asset-Based Revenue
Asset-based revenue is comprised of fees from the Company’s client cash programs, which consist of fees from its money market programs and insured cash sweep vehicles, sponsorship programs, and recordkeeping.
Client Cash Revenue
Client cash revenues are generated based on advisors’ clients’ cash balances in insured sweep accounts at various banks and money market programs. The Company receives fees based on account type and invested balances for administration and recordkeeping. These fees are paid and recognized over time.
Sponsorship Programs
The Company receives fees from product sponsors, primarily mutual fund and annuity companies, for marketing support and sales force education and training efforts. Compensation for these performance obligations is generally calculated as a fixed fee, as a percentage of the average annual amount of product sponsor assets held in advisors’ clients’ accounts, as a percentage of new sales, or a combination. As the value of product sponsor assets held in advisor’s clients’ accounts is susceptible to unpredictable market changes, this revenue includes variable consideration and is constrained until the date that the fees are determinable. The Company is the principal in these arrangements as it is responsible for and determines the level of servicing and marketing support it provides to the product sponsors.
Recordkeeping
The Company generates this revenue by providing recordkeeping, account maintenance, reporting and other related services to product sponsors. This includes revenue from omnibus processing in which the Company establishes and maintains sub-account records for its clients to reflect the purchase, exchange and redemption of mutual fund shares, and consolidates clients’ trades within a mutual fund. Omnibus processing fees are paid to the Company by the mutual fund or its affiliates and are based on the value of mutual fund assets in accounts for which the Company provides omnibus processing services and the number of accounts in which the related mutual fund positions are held. Recordkeeping revenue also includes revenues from networking recordkeeping services. Networking revenues on brokerage assets are correlated to the number of positions or value of assets that the Company administers and are paid by mutual fund and annuity product manufacturers. These recordkeeping revenues are recognized over time as the Company fulfills its performance obligations. As recordkeeping fees are susceptible to unpredictable market changes that influence market value and fund positions, these revenues include variable consideration and are constrained until the date that the fees are determinable, such as the last date of the contract period in which the market value of the respective product sponsor assets for the period is available.
Depending on the contract, the Company is both principal and agent for recordkeeping revenue. In instances in which the Company is providing services to financial product manufacturers on behalf of third parties and does not have ultimate control of the service before transfer to the customer, the Company is considered to be an agent and reports revenues on a net basis. In other cases, where the Company uses a sub-contractor to provide services and is responsible for unperformed services, the Company is considered principal and reports revenues on a gross basis.
The following table sets forth asset-based revenue at a disaggregated level (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Asset-based revenue
 
 
 
 
 
 
 
Client cash
$
162,517

 
$
127,174

 
$
497,471

 
$
352,644

Sponsorship programs
62,861

 
58,065

 
187,417

 
168,074

Recordkeeping
66,762

 
63,656

 
192,166

 
186,116

Total asset-based revenue
$
292,140

 
$
248,895

 
$
877,054

 
$
706,834



Transaction and Fee Revenue
Transaction revenue primarily includes fees the Company charges to advisors and their clients for executing certain transactions in brokerage and fee-based advisory accounts. Transaction revenue is recognized at the point-in-time that a transaction is executed, which is generally the trade-date. Fee revenue may be generated from advisors or their clients. Fee revenues primarily include IRA custodian fees, contract and licensing fees, and other client account fees. In addition, the Company hosts certain advisor conferences that serve as training, education, sales, and marketing events, for which a fee is charged for attendance. Fee revenue is recognized when the Company satisfies its performance obligations. Recognition varies from point-in-time to over time depending on whether the service is provided once at an identifiable point-in-time or if the service is provided continually over the contract life.
The following table sets forth transaction and fee revenue disaggregated by recognition pattern (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Transaction and Fee Revenue
 
 
 
 
 
 
 
Point-in-time(1)
$
57,038

 
$
57,675

 
$
163,934

 
$
165,768

Over time(2)
64,184

 
61,266

 
198,103

 
186,277

Total transaction and fee revenue
$
121,222

 
$
118,941

 
$
362,037

 
352,045


_______________________________
(1)
Transaction and fee revenue recognized point-in-time includes revenue such as transaction fees, IRA termination fees, and conference service fees.
(2)
Transaction and fee revenue recognized over time includes revenue such as error and omission insurance fees, IRA custodian fees, and licensing fees.
The Company is the principal and recognizes transaction and fee revenue on a gross basis as it is primarily responsible for delivering the respective services being provided, which is demonstrated by the Company’s ability to control the fee amounts charged to customers.
Interest Income, Net of Interest Expense
The Company earns interest income from client margin accounts and cash equivalents, less interest expense on related transactions. This revenue is not generated from contracts with customers. Interest expense incurred in connection with cash equivalents and client margin balances is completely offset by revenue on related transactions; therefore, the Company considers such interest to be an operating expense. Interest expense from operations for each of the three and nine months ended September 30, 2019 and 2018 was not material.
Other Revenue
Other revenue primarily includes mark-to-market gains and losses on assets held by the Company for its advisor non-qualified deferred compensation plan and model research portfolios, marketing allowances received from certain financial product manufacturers, primarily those who offer alternative investments, such as non-traded real estate investment trusts and business development companies, and other miscellaneous revenues. These revenues are not generated from contracts with customers.
Arrangement with Multiple Performance Obligations
The Company’s contracts with customers may include multiple performance obligations. Contracts with customers that include multiple performance obligations have performance obligations that follow the same revenue recognition pattern and are recorded in the same financial statement line item.
Unearned Revenue
The Company records unearned revenue when cash payments are received or due in advance of the Company’s performance obligations, including amounts which are refundable. The increase in the unearned revenue balance for the nine months ended September 30, 2019 is primarily driven by cash payments received or due in advance of satisfying the Company’s performance obligations, offset by $78.9 million of revenues recognized that were included in the unearned revenue balance as of December 31, 2018.
The Company receives cash revenues for advisory services not yet performed and conferences not yet held. For advisory services, revenue is recognized as the Company provides the administration, brokerage and execution services over time to satisfy the performance obligations. For conference revenue, the Company recognizes revenue as the conferences are held.
XML 66 R14.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
A summary of the activity in goodwill is presented below (in thousands):
Balance at December 31, 2017
$
1,427,769

Goodwill acquired
62,478

Balance at December 31, 2018
$
1,490,247

Goodwill acquired
12,432

Balance at September 30, 2019
$
1,502,679


The components of intangible assets were as follows at September 30, 2019 (dollars in thousands):
 
Weighted-Average Life 
Remaining
(in years)
 
Gross
 Carrying 
Value
 
 Accumulated 
Amortization
 
Net
 Carrying 
Value
Definite-lived intangible assets:
 
 
 
 
 
 
 
Advisor and financial institution relationships
6.3
 
$
651,642

 
$
(353,142
)
 
$
298,500

Product sponsor relationships
6.4
 
234,086

 
(158,458
)
 
75,628

Client relationships
9.0
 
42,234

 
(14,369
)
 
27,865

Technology
9.3
 
15,510

 
(1,163
)
 
14,347

Trade names
2.6
 
1,200

 
(890
)
 
310

Total definite-lived intangible assets
 
 
$
944,672

 
$
(528,022
)
 
$
416,650

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
Trademark and trade name
 
 
 
 
 
 
39,819

Total intangible assets
 
 
 
 
 
 
$
456,469

The components of intangible assets were as follows at December 31, 2018 (dollars in thousands):
 
Weighted-Average Life 
Remaining
(in years)
 
Gross
 Carrying 
Value
 
 Accumulated 
Amortization
 
Net
 Carrying 
Value
Definite-lived intangible assets:
 
 
 
 
 
 
 
Advisor and financial institution relationships
7.1
 
$
651,642

 
$
(316,153
)
 
$
335,489

Product sponsor relationships
7.1
 
234,086

 
(149,525
)
 
84,561

Client relationships
7.0
 
21,233

 
(12,841
)
 
8,392

Technology
10.0
 
15,510

 
—

 
15,510

Trade names
3.3
 
1,200

 
(800
)
 
400

Total definite-lived intangible assets
 
 
$
923,671

 
$
(479,319
)
 
$
444,352

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
Trademark and trade name
 
 
 
 
 
 
39,819

Total intangible assets
 
 
 
 
 
 
$
484,171


Total amortization of intangible assets was $16.3 million and $15.7 million for the three months ended September 30, 2019 and 2018, respectively, and $48.7 million and $44.6 million for the nine months ended September 30, 2019 and 2018, respectively. Future amortization expense is estimated as follows (in thousands):
2019 - remainder
$
16,631

2020
66,139

2021
65,982

2022
65,182

2023
61,086

Thereafter
141,630

Total
$
416,650
XML 67 R22.htm IDEA: XBRL DOCUMENT v3.19.3
Related Party Transactions
 9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company has related party transactions with certain beneficial owners of more than ten percent of the Company’s outstanding common stock. Additionally, through its subsidiary LPL Financial, the Company provides services and charitable contributions to the LPL Financial Foundation, an organization that provides volunteer and financial support within the Company’s local communities.
The Company recognized revenue for services provided to these related parties of $1.2 million and $1.0 million during the three months ended September 30, 2019 and 2018, respectively, and $3.0 million and $2.6 million during the nine months ended September 30, 2019 and 2018, respectively. The Company incurred expenses for the services provided by these related parties of $0.5 million and $0.6 million during the three months ended September 30, 2019 and 2018, respectively, and $1.3 million and $1.8 million during the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019 and 2018, receivables and payables to related parties were not material.
XML 68 R26.htm IDEA: XBRL DOCUMENT v3.19.3
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), which require the Company to make estimates and assumptions regarding the valuation of certain financial instruments, intangible assets, allowance for doubtful accounts, share-based compensation, accruals for liabilities, income taxes, revenue and expense accruals, and other matters that affect the consolidated financial statements and related disclosures. The unaudited condensed consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present fairly the results for the interim periods presented. Actual results could differ from those estimates under different assumptions or conditions and the differences may be material to the consolidated financial statements.
The unaudited condensed consolidated financial statements do not include all information and notes necessary for a complete presentation of results of income, comprehensive income, financial position, and cash flows in conformity with GAAP. Accordingly, these financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the related notes for the year ended December 31, 2018, contained in the Company’s Annual Report on Form 10-K as filed with the SEC.
For the Company’s significant accounting policies affecting leases, see Note 9. Leases. A summary of other significant accounting policies are included in Note 2. Summary of Significant Accounting Policies, in the Company’s audited consolidated financial statements and the related notes for the year ended December 31, 2018. There have been no other significant changes to these accounting policies during the first nine months of 2019.
Consolidation
Consolidation
These unaudited condensed consolidated financial statements include the accounts of LPLFH and its subsidiaries. Intercompany transactions and balances have been eliminated.
Reportable Segment
Reportable Segment
Management has determined that the Company operates in one segment, given the similarities in economic characteristics between its operations and the common nature of its products and services, production and distribution process, and regulatory environment.
Fair Value of Financial Instruments
Fair Value of Financial Instruments
The Company’s financial assets and liabilities are carried at fair value or at amounts that, because of their short-term nature, approximate current fair value, with the exception of its held-to-maturity securities and indebtedness, which are carried at amortized cost. The Company measures the implied fair value of its debt instruments using trading levels obtained from a third-party service provider. Accordingly, the debt instruments qualify as Level 2 fair value measurements. See Note 5. Fair Value Measurements, for additional information. As of September 30, 2019, the carrying amount and fair value of the Company’s indebtedness was approximately $2,370.0 million and $2,417.1 million, respectively. As of December 31, 2018, the carrying amount and fair value was approximately $2,381.3 million and $2,271.9 million, respectively.
Recently Issued & Adopted Accounting Pronouncements
Recently Issued Accounting Pronouncements
In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 also requires additional disclosures regarding significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.
In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 removes or modifies certain current disclosures, and requires additional disclosures. The changes are meant to provide more relevant information regarding valuation techniques and inputs used to arrive at measures of fair value, uncertainty in the fair value measurements, and how changes in fair value measurements impact an entity’s performance and cash flows. Certain disclosures in ASU 2018-13 will need to be applied on a retrospective basis and others on a prospective basis. Early adoption is permitted. The Company expects to adopt the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s related disclosures.
In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which aligns the accounting for costs to implement a cloud computing arrangement that is a service with the guidance on capitalizing costs for developing or obtaining internal-use software. The Company expects to apply the prospective approach upon adoption of the provisions of this guidance on January 1, 2020. The adoption is not expected to have a material impact on the Company’s consolidated financial statements.
Recently Adopted Accounting Pronouncements
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. The new standard also requires disclosures that provide additional information on recorded lease arrangements. In July 2018, the FASB issued ASU 2018-11, Leases – Targeted Improvements, which provides an optional transition method that allows entities to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted the provisions of this guidance, including the optional transition method, on January 1, 2019. Operating lease assets and corresponding lease liabilities were recognized on the Company’s unaudited condensed consolidated statements of financial condition. There was no material impact to its consolidated statements of income. Refer to Note 9. Leases, for additional disclosure and significant accounting policies affecting leases.
In June 2018, the FASB issued ASU 2018-07, Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payments granted to non-employees. Consistent with the requirement for employee share-based payment awards, non-employee share-based payment awards within the scope of Topic 718 will be measured at grant-date fair value of the equity instruments. The Company adopted the provisions of this guidance on January 1, 2019 and will no longer mark-to-market advisor and financial institution equity awards in the consolidated statements of income.
XML 69 R68.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation Stock Option and Warrant Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 9 Months Ended
Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]  
Number of Shares Outstanding, Beginning Balance 3,588,067
Number of Shares, Granted 422,397
Number of Shares, Exercised (918,939)
Number of Shares, Forfeited (87,123)
Number of Shares Outstanding, Ending Balance 3,004,402
Number of Shares Exercisable, Ending Balance 2,167,111
Number of Shares Exercisable and expect to vest 2,935,433
Weighed-Average Exercise Price, Beginning Balance $ 35.38
Weighted-Average Exercise Price, Granted 77.53
Weighted-Average Exercise Price, Exercised 30.10
Weighted-Average Exercise Price, Forfeited 47.22
Weighed-Average Exercise Price, Ending Balance 42.58
Weighted-Average Exercise Price, Exercisable 33.67
Weighed-Average Exercise Price, Excercisable and expect to vest $ 41.92
Weighted-Average Remaining Contractual Term, Options Outstanding 5 years 10 months 20 days
Weighted-Average Remaining Contractual Term, Options Exercisable 4 years 9 months 21 days
Weighted-Average Remaining Contractual Term, Exercisable and expected to vest 5 years 9 months 21 days
Aggregate Intrinsic Value, Outstanding, Ending Balance $ 118,145
Aggregate Intrinsic Value, Exercisable, Ending Balance 104,510
Aggregate Intrinsic Value, Exercisable and expected to vest, Ending Balance $ 117,359
XML 70 R60.htm IDEA: XBRL DOCUMENT v3.19.3
Leases Maturities of Lease Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Operating Leases    
2019 - remainder $ 4,923  
2020 19,964  
2021 20,552  
2022 21,084  
2023 20,706  
Thereafter 114,989  
Total lease payments 202,218  
Less imputed interest 58,024  
Total operating lease liabilities 144,194 $ 0
Finance Leases    
2019 - remainder 2,018  
2020 9,084  
2021 9,227  
2022 8,429  
2023 8,576  
Thereafter 242,366  
Total lease payments 279,700  
Less imputed interest 172,516  
Total finance lease liabilities $ 107,184 $ 0
XML 71 R64.htm IDEA: XBRL DOCUMENT v3.19.3
Stockholders' Equity (Dividends Paid) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Stockholders' Equity Note [Abstract]                
Common Stock, Dividends, Per Share, Cash Paid $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 0.25    
Total cash dividends paid during the quarter $ 20,485 $ 20,800 $ 21,100 $ 21,941 $ 22,300 $ 22,600 $ 62,391 $ 66,847
ZIP 72 0001397911-19-000153-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001397911-19-000153-xbrl.zip M4$L#!!0 ( #6(74_::\9ZL0@ *TV 6 97AH:6)I=#,Q,3(P,3DP M.3,P+FAT;>U;;5/C.!+^//,KM)FZ/:8J(:^P0Y*A*A-"3:K8@:6R.W&9!CNR"U4 ;'=4G?+S],OLM/]Z>RR/_KWU8!$-A;D MZO=/%\,^*56JU:_-?K5Z-CHCGT>_7I#68:U.1II*PRU7DHIJ=?"E1$J1M4F[ M6IW-9H>SYJ'2-]71=16G:E6%4H8=AC8LG;[MXJG3MV^Z$:,A_'_3_:E2(6V0@6_D6VWQ)V*84$%3FH:V+9)XYCJ^0ZV]C2G8E7> M'^['3Q*73G]\U&YWE-=C2W0"PQ_0SN-8? M7(^&Y\-^;S2\_$(NS\GH\X!<70^_](=7O0LR^->@__MH^,< +H'4X'I//=\$ MORT-$&RR"Q#U8DNB4_1KX"*;/G JM).L24W']>]7?-*=USL^N%*H/$V M/VQAYQ$3?SP<2$2GC&@VY6P&Z<1&W)#OY-9O*=5 $3$GURQ1VA(ER;G2,:G7 M*K\]A:]J0BZN+L@YEU0&($8^ W#AUA@RE,%A9\,:.SA4'7I?0?Q$$#=>/(@_ M40/0!;3%,H%D3I0F*N:66.7EU@0D"Y@QD.]1)*:W#/06YC1P+@1C0*5PU1CH M0(& :ZCD0$S"<+ D9)K,(AY$Q*3XYW[\C&F638(.Q-P(J-&PZIMQ&X&#)F&! M,Q#G3< T%8*;<%]@4<;SXC*\4N5YJ=+<7ZHP,EF$UWOPE8$G( Z7=>$ZEQ,( MZQ2[&O@6$N.=.!ENSHAKH&;IVJ8P2J0 ! M((P"5#MUQMD34!.1B5 SD[-)LQMNH/H&111/>KO!RG*!%"8W9LW:5UX\+R]: M+YX7HR40_=-DF,]J8PRV:C+A<.B -214,P=A@"1': #4"#,($VXB%$>Q&!(- M)AL\#KD)A#(IC,,4I)7P6$ZT"E@(IPTY .B&#+C@\3FX"R(J;QCI072_3@4S MON^K-VFE?G3 WKOQ]:/0'_E#CDV*]$1")03S0(%?'N]HT*/:2*9HLJ1H HK0 MV576@016DNT]9-+)\?^"23E_=P0J??%4.F,&)@-4N4+F<=R7L<8*:&JV'X+% MSI@!?#--OGQ2J88)(-9/N7$9!*28=/-@;WN?>XKY2S-!'1^R^ND>T^4LM^%% M#GD(;#%*\-!MNYET;'C(J>;H /=5GLNH$F=*#59>+H885Z:Y?*,, X,LY#<< ME%"\5:F@F";!+6?$?04'(WP]6"QCX=.8H2!D,AC/PGW,7'O%M_&>\6WK!+!& MN^U3Q];L \9.>8BDHD9)AT1J@)#8]"#3J YSU ,/.1USP>TB/3/1@A=/M,&4BM1%?T0AFTR@?^%3P(_9T(= ";E%'O.'FYL2 MQR@8"#G(^-9GK%+[L.YM,BU=2#/LZR:/;QF0<=XQNB#!_!J /1V<_)44STN* M\,63XLRC;AV]N,&6M13NR@HY=L@V6+NI($@UHK-0*"W-%RMCX0P^I8%9#"P* M^=/O1Y.#->$)4 MB_XI<9F8 @'<[@;A)*-.%+>^])1$UBTH2LX:C(@M=.G7> M9ZEN3@2_92+;%ER1+S]A0?:5>/NT87'TXGFWZX:%>\P3YF0MWX=US#)%\MQ' M>"3!#N7D6@,%1E%HGZS29E&[N1,P61QS:QG;F#?'"NI"O!)RL,D-/P!R09HR MF ;A/[9O>11@?Z8<3':\3V7@=@G?OVY#_.VW(7H"&@*8C@,+<(<*][H"S@"V M6=VUV Z8,7J+A91O$%PIY5H;]^PGWWG>B0Q9Y^XW"3?D QK"0,,6Z6 #<;)6 M"(2! ]"QE'T=9Z"(\^^7@*O.C2S=;MR=W]=4L5=4>/D[!#THQ28:0F\9@,E< MG@!HNX>)&0?*OK;AE*H(2@B6'M_,,:(B!LWW#I/:6I5?D)9VV[5@B', 78)S^66J6'HY^W83E6 M;G^M4?_E&U=/6H6+1=T+RYJE!T)]"OR@TZ^^OOJZ[[Y^5]#>BUCU&I"WOZ_/".PG MNN@/4;C-+1@;P Q7&CIO+/Q<:]N/.)N0P1T+4GS802[]CM:#A>@S&'20/0&$ M+H4M[,AVUMY_=S6]:W3Z_\%MWLBM?/'FP59BQ:/C%:>/ETO_']7W>1_(&M > M^'[0N@6[[4+\P&\QO>E6\9M;IV^[[BMEI_\!4$L#!!0 ( #6(74^\X*R: MM @ # W 6 97AH:6)I=#,Q,C(P,3DP.3,P+FAT;>U;:V_;.!;]W/X* MCHN=20$[\B-)&\<-D(>#>M%),H$'Q7ZD1R0BJQM5D[",;C\>ZXM:OT,.C?!#C57B"5 M,GR7658Y?M_!1\?OWW5B3AG\_Z[S2ZU&SE68)SRU)-2<6LY(;D0Z)-\9-[>D M06JUF>29RB9:#&-+FO7&(?FN]*T8T:F$%5;RX^Y=+ ;"=@+?!&5!H:TS4&Q" MC)U(_J42J=36(IH(.6GW1<(-N>1C58X[ 86_;M3TGZEF M*5)>BSDNH]UHUO^QK*Z#3U89*M*8:V%7C!AH4(>/IUI+NEW?#ZVP_,[6J!3# MM.VV^*AF>%B#AYJ&MFWR)*%ZLH&M)UI0N2COFF.O=: D@PF*]_7KA\9!_:C5 MV&U.U['1Q)7C7S^TFD?S>_#(Y8: /:Y?8&EGW9M^[Z)W=M+O75V2JPO2_]HE MUS>]R[/>]\B C#(&!*\-E+4J:7_.[F:/ MK,I3$"F#%;1KS3UX\NQ5]*KDB6_@=VIM#.[CG[OD)&?< M6O[$B:HDY-J*:$)L3&V;S&^JI0/)04+*8C^^5.H5US89#:?M0MOBEJ[8]8=\ M(%G>3@LOV;+I_&/!;-QNMF >='>686?Q(7"B<^(C7%=(9?%6P:K*1EYQ#@'^ MA6_^AAN["T[26[W>QJ,?&+F(T^=CD,1TQ(GF(\''$ IM+,Q34?E'3C706T[( M#<^4MD2EY$+IA#3JM3^>XVM41+Y=@_\2*4U#$"-?P=_!RS&DEX:[1ROVV $B M@"/) EQ("U"A)H(5Z2 2I"%&:J$188I676Q)(>"F(I# =+&-=D'(LP)B;'?^['C[GFQ22X@$08 M"1DFYJQC86-8H,EXZ S$>3,P33%8)KP7V)3!I+P-;V1Y:;*TMIFDO&=/ 5RS MH!H(RERY5T6)7(( 4$8!KITZX^P)J8E))-783/FD^5 8J!Y $<6'WFZPLEJB MA9D:LV3M&S->FAE[KYX9_3D8_68*U!&[(#X&4#3H MA]I(H2B:4Q2!(ESL(N] O/)]A9RZ5/SO\&E)U*)OGHJG7,#DP&J7#+S8]Q7 M,<\*:6X>/P03G@$'^!::? JE<@T3@+-B"$CQU,V#->Y]]"E',,TE=7PH M+Z(:= B(1V&*4%,P=')I\8 035 M<@/"9GHNI* *Z&&/(7L4@(% MH8=GR&T4@?+0TPQ\@,@@&KX1[86)%KYZHG5'5.;.^R,*>11!!2-&@!^SHA*! M%/(1<['1%HZD^98V44_/C8@@VG-Z)P$]WL M]ASAY&^D>%E2L%=/BG./NF7TXB%;45*XG@5R;!!M,'=389AK1&ID<6[NL>-J5K M]=ZQ8YPIT^?>QR,--D@HETHH,(I" 665-K/LS3V R9)$6,OYRL@Y4) 98@\3 M8),;O@/T@D!E,!#"_UC 3?T _RL78+)C?IZ&[J3PX]M!Q/_]0<2)A)( IA/ M CRCPM.N4'" ;9%YS0X$QIS>8BKE2P273+GBQGT#-#U]WH@,1>WNCPE71 3* M8*#ALX"P@CA%,03"P &H6:H^DS.0QOD[,K!4MXPBX*X\H=_68+%55'C]9P0G MD(Q%&EQO%8#)79P :+NO% L.5'UV(]*1DB..*4Y*A\4WH[H(+3S)I)IPZ!W' MRL<3.LGGY80A.X_*%(_4II;M7T@;.V72^Y4I@" M[$N_5/8JZSVGM^%@SL\^OJ_9^/1 [^%>J;.L>V99J[+&/2:",$RR*W=B*U7I' ML\Z!/QBVO=DOLDR,-'A;H!W#5O+T:.JF-KO(N?8^]-I%OZWU;:W;OM8G>>Z7 MV(!G^Z8W+[SARWQ!-#]SB;Z)PFUAP=@0?_\0"QZ5K@E?^9.OM0GK"YBP4WQ7 MB'=#9W84)W ?GYQU;^J$_G>0.BWX_/,G34V6WO^:GR@M%XZ;'2+\Q!]2O>L$ M^..QX_<=]ZNVXW\#4$L#!!0 ( #6(74_(>C.)Y04 "T@ 6 97AH M:6)I=#,R,3(P,3DP.3,P+FAT;>U9ZT\:2Q3_W/X5IYC;V(1E'R!5H"3((YIX MQ0I-;S\.N[/NI+,SV]U!I'_]/;,/"BA6%&_JC28"\SJ/WWG.;NM=;]@=?[OH M0Z!"#A=?CL].NU R3/-KM6N:O7$/3L9_GT&M8MDPCHE(F&)2$&Z:_?,2E *E MHH9ISF:SRJQ:D?&5.;XT-:F:R:5,:,537JG]MJ6GVF_?M )*//Q^TWIG&-"3 M[C2D0H$;4Z*H!].$B2OXZM'D.]A@&(N=71G-8W85*' L^PB^RO@[NR;%#L44 MI^W^3< F3+7,;(C,S)Q;:R*].21JSNFGDB^%,GP2,CYOC%E($SBG,[B4(1'- M="UA/VG#MB+5U()[[+K=(B!(B&>3VF&MU['K@^-CRSKH'=A'3KU_5!L,/A[6 M#[N#WF&IW3()_J>GBH^",V>"&@'5:C1LQ_KK-KN6GKE+4"8"&C-UQXE)C.ST M=,%UB7>Z]ELI%+U1!N'L2C12B)M&0ET#)V/BJD8R#4,2S[>0M1,SPM?WI\-9 MQG4BN8<$"!_%WT?1H_ M [3=_N7X='#:[8Q/A^<8U)>C+YWS,8R'?Y:8]B%\J8PJW0J,^MU45+MZ8)7_ M+"$[(^CTAA?C?N_/!;* [\BJPW XY,^C#J7QYWS_L@8_G/6_P:=[EBO.);E M_.=AMANUMXVSB'@>5A-C(I628>,PNEE,*1FEXR49.?5WD FR7+;I\U2 *X6@ MKJZ@,&,J !50>*0]/D])C+#R.5S22,8*D.9 QB'8EO'Y*3:6/IQ=G,& "2)< MW 8GZ&0(6P*GPJW OI;Y_=ZAXUC-K@PC(N;IR&Y^ %_&J4H1%BOI 17ZW&,5 M'-%(T7!"X[Q"6.6T^#]%-9* SS@V&@OP1]2=8F%EV 80X4'_Q@V(N*+8<(0A M2Q)MJ/U<60RRA:(XK4][V+4 5F:*F"WCDEFDV%V&TS+TB("3"G1B@6B6H1LP MZB,[9*_8-86A[S.7QH"$-)T%C$2TQ]3%E/=J2?:70J_LJO[!$,A!OM@W_NP<+%?$;6( MIMS/[*-J+?-6I.51KZEC[@Z 4F.:J>^]NN!37=!Y$2[(!-:.D*1^A452$>3J MX6SJ4H5_$J;+71331+MB62\3S@&/44T9'36)T#>38]?,VQ/]ZS>E1;6ESFO9"L6MI0JD+F>9P6J.3)UHYN()&<>;!GI7]K M-70M%SNW>X3EJ0PP)Q-QR9=V[OAF8J[>$+:IV3D0+T+1+$UMJJ[W=D^9V,^B MID16/I>S1H!04M$LLDRMZ!>?]I!VH]*ONK[J^M)U?532?A&YZC4A/]RNS^C8 M3U0Q&^K-#:906!>MND\/]QE^)VO/8F\J$WY?J: MTO75CGM7[Q$R';:X;S[/O6;#^]G;"F_WS&B';Y'?M$S]YKS]MI6^TF__"U!+ M P04 " UB%U//]7;0N4% ",( %@ &5X:&EB:70S,C(R,#$Y,#DS M,"YH=&WM6NEOVD@4_]S^%:]$6Z42Q@>$)H8BL1PJJS2D@:K;CX,]CD<=>[SV M$$+_^GWC@P():3BR:E:)%,)<[_B]<^PTWW2'G?&WRQ[X,N!P^>7/\T$'2IJN M?ZUV=+T[[L+'\:=SJ%4,$\8Q"1,FF0@)U_7>10E*OI21K>NSV:PRJU9$?*V/ MKW1%JJ9S(1):<:5;:KUNJJG6ZU=-GQ(7_[YJOM$TZ IG&M!0@A-3(JD+TX2% MU_#5ILX F<$%G<"4"$C;2M83]H+9I1+*A!'?9 M3:M)("0!GDU.3\].C4Z]7VMWK9,3H]T^K9O];K]6ZU;?]VO=7JG5U G^IJ>* MCX(S9R'5?*K4L$W+^.,NNZ::N4]0%OHT9O*>$Y,8V:GI@NL2[W3MEU)(>BLU MPMEU:*<0-[2$.AI.QL21=C(- A+/MY"U'3/"U_>GPUG&=2*XBP1R>[T],NM& MHVI5K$*/K0B76F^/JE9C%8.MU-U3L_ML\$C^#OH^C9\ VD[O:CSH#SKM\6!X M@4%]-?K2OAC#>/A[B6F>PI?*J-*IP*C7244UJR=&^?<2LCV"=G=X.>YU?U\@ M"_C.C#H,^S#^V(-1^^K/]D5OI W_/N]]@W9GK%8LP_COP^PP:F\;9Q%Q7:PF MVD1(*0+[-+I=3$D1I>,E&3GU#I )LERVZ7,0@B/"D#JJ@L*,21^D3V%'>WR> MDAAAY7.XHI&()2#-OH@#, WM\SXV%AZ<7YY#GX4D=' ;?$0G0]@2&(1.!8Z5 MS&^/3BW+:'1$$)%PGH[,QCOP1)RJ%&&Q$B[04)W;5<$1C20-)C3.*X113HO_ M/JJ1!#S&L=%8@#^BSA0+*\,V@(0N]&X=GX37%!N.(&!)H@QUG"N+0;90%*?5 M:1>[%L#*3!&S95PRBQ2[RS H[PK")R*1[@S^JD![ZE(IZ8Z$RM#Q&?66S#KT M/.;0&%!V)7INRS+@G&0>?HFF<3(ER$4*^)FJTQ0-B"1Q1:2:MN5M2>[<*A'E M=$@/V.N].VZ@714:R==M9A_T=.M*]MO%'0.X7E2 M0:E*6W6 A?@J&]E6+>.ZI:'-=VO]8";T9A$;OY#QX%ERC%Z1YRQORC&!.>AZ M7(7@(BQC^L^4Q51=#A+E+H5?F=5C@M$7@WER[+Y;N-C/(%X$<.YGYEFUEGDK MTG*IVU!A?@] J3'UU/=>7'!?%[2>A0NR$,M50%*_PKHL"7)U<39UJ<(_"5,5 M-HIIHERQK)8)YX#'J**,CII$Z)M).3WE+9(K$G33FW):5G#7E&>>++ VICR3 MM<1;^957/J]FIPT)LD) !=ZR$!:>JOV:9 M[Q]8/:LM+2[S7DA6+6TH50%S74X+5/)D:T:WD C.7#@RTI^U&KJ6BZV[/<+R M5 :8E8FXY$L'=WP]T6'S[>(QA3M'XUEHF^6J327VP18J$_M)U!3(RN-B9OL( M)0T;1:JI%4WC?@^'-RK]HNN+KL]=UYTR]U, L'=N>LG"6QKS";UY3Q6SH=IL M,XG".NIES/W/W7;NE[>-_?^/@Q0WX;47G8^]%=?7E*ZO=M>'>DV1Z;#%W?)I M[C ;7O_>57B[YT,'?$G]JJFK%_.MU\WT/P9:_P)02P,$% @ -8A=3X%( MEKXY% ]>8 !$ !L<&QA+3(P,3DP.3,P+GAS9.U=6W/;NA%^/[\"U4O3 MF:-8LIWK'*?CV''K&]+[=]4_OSBXO>W_] M],MO?^KW__GY]@J(R+ &4-0H! \8C$#WT/$?X )HW/PG;(?^ 'V^PD1 MT#^>>/B1!S,TAP *P? X%NB"LODYFL X$B>]F/P>PPA/, JE"!%25:P4,%X+ MR*9(7,,YX@L8H)/>3(C%QX.#Q\?'U]$B>AW0^<'A8/AA\.%(ZB,U)/QCA,F/ ME8)/8Q:]IFPJ2PZ.#M3K,>0H+[Z(H!=?0@F)YW;.H6 '8KE ![)07Y9"# Z]/##AP\'^FU>E(>V M@I+M\."?7Z_N-,2]3[\ H"''\P5E I 25!/(QYJ2,]%7ZG)MV?Y@V#\:]D#B M*E,&H7S!Z+67H@8-FXNQ"D&U$B'E_"N&BN1@F82)* M^F1;<1B--L''*H_FM:U &SJ,5:"-?<;5KBK$*9.HO_H975\]Z@\/MY.B"&7- MI,CH=B'%AP/( @6UA"T0??0DPRF!@K+EA?S;3[*(L14N7PHF2L0/2L3AVRU$ MU)P)FJHLYB^22;53.1J8):/8NGY[AO(1PZ2\3@AW*,UFDFPNACV;>K:?C$!5 M_*99E1P%KZ?TX2"@,1%LJ2+3.U=(XR["[(]^P65#:6+&9"]P61MAR^*8E/E? MFT37%;8APLUER8C4CZTE0$_!K+D(.97^M;40F#P@KKL:1SYYST*6_NX7+#:3 MA$ <\%IOK:9*?F[MJ!P'BMVPB1 9C?K1+X@W%$ LF.+VOI%;Y%3Z5[^@7Q<" M$D*%YJ0>90\7"TPF-'DBGZF\_3%+WK=H G2'_6.:.MW=^H,%HPO$!);=*6,( MI!G,&)J<]-1 J)\->OX=P.BU' AD14H5K'8K=)J2)$$<:26N"B$S#BIPG_2X MM':$4LW_<*5"-&FJE"3!!+=8IPB.F^HD25#44G46##551Y)P1,1&CJ<8W,L" M ,O1[FGP>XRY!IN;OWM %?MV>VF=)] R5))FU645%O[TZ7 X>#<<#$ ?G&,> M1)3'#,D_3/*5/WX[6.>PQCOF*!R13_KWNE%2XK2(@W"M%7O3K384*UGZ,+.Y M)Q+G2$ <-04AHW+9_WCP[GAPZ+3_JY3/7SIJ_'LXEJ/XAK9/B5RF/QJ\.QH, MW:9/V'3)\F=T/L="38CR4Q*>42(PF M$V4%QZLK-(61?^3:027.0#=\J+^_2([/0\PDL5D&[Y%7# M.HXR+O=M7CC8,-WF-(*]R M'W<:@W,#F2PS0P)+5?QZ(CNKK-8O-HHA-7X!7JU*L7<4 [M+(G%&.PT,ZRS= MH \W# 9)+?OV[X7!F13Z\!FP3?CN ?[C ;X3-/@QHU&(&%=].+'<:1MVL7?# M?;PAW&:-?P9)G1T%_QR-A0>(NIA[BN_(,L6GR#IFS,^,_D#L',E1!#MC2#K4 M!51#!K'TGX_QX^.>9SDZ'KRQP0$2QOV$,TA8@XQW)Z=.E%D2.YQ.&=)A8A0+ MM8].[5UN!EL]GUK8CJRPO4J1RED#@WZM0%MG4HM8:4*S M K&,<7?ATI$-DA]7%!)^ Y=J 6XSS'PXU0)W; 4N04\Q!YH[2-GO\1/>J[5& M8>YA3$GXA0J;C2S*A;*ZERM[YV-Z'C0.503Z0RC_0 M,7ZJB=&$+3#XYN\[!-<7R(A,OOP&L;L99,@#FA*)NT_]WM*GSEB A>R^:28= M-KE_SJBB=.>(]Y;D7@:@D^E@W:#>J:&"T)TFWEO2A V([B6-DCD;=Z?J.-0V MD=*(Q8I,ISM/%Q"S?\ H1E\15$;2V-CIG%EC8,L:B@_0C(#)J>L(Y,LY MIYPCO<7E"L.QF@K!B*<%96VW2'U_(CU:%KBFA&5_?H8<-VAHSRZ"LZ4.;,FL MPB^,=:Y$+-WM,P3+2H= ]OT@R*73Y4SY@!9PW^8SRWJG21>U,U<.;+FR"N<. M)LS0SC-3'LW7P4FI"IEBVGB1">CA"+0OW:- &;<920Y5LA2RXIK%[#U)NX;KW M:9;2?57F%:9W7:.[LWUHF;/T<0&_0EF2!IDT74H+VP+IG=AW5)%[O'QHZ0/L MT%&ZUVOP1Q2YZ'0;K?Y_1^8*29E]7;%]'+?*E"1@O MY"WMNJB[F],T3;&ZB%6>/)U3)O!_M>Q?GA9J_]'SN4=ME;7>4MH7LJFW)*( M4Q:0"M--]_D[BL)[^A5*LV"QO%-S('JVQ,,-*DG=8X*!94R@6/4%[6?,0,%M MCT6#P%W'P=W0!I:$[$!FWU[*%AYN#]*P'J52\O1!"0SW.!5&]MWS[<=GC]CS M(>8]2JUAX!Y]#BRC3R=&W1M/)I\'\\: KL]C750O^N OJBZ@)Z<\L %$#7#Y0 0$H M C@].X,:"& E&+O M)%;H=ND&WD"_W1#H[D)X#9E:*']H'(]+A+7@E"874G!R3AV&X2Y>+))['V"4 MG4=B;%:_19'Z*O2>)J6;8K49]UI 2PN[*:!F=<49)BN;[],J@: 9T1Y[9:[O M"$]GTC"G#XC!*7H>%VA<2:TGE";H;9Z05=M/Z]T[1(5#>$]YK!1W3W <6R8X M,D-W;R[C&HDSN,#2*_7!3E,E$&7+6W6 MWBH8 Y/S'BW3&O[AL $S9]@['%IZ-)[8=3*V>1C>._#Y\W)&Q<.A)2IZ8]B] ML#EB4TC2=7-I^'/$ X87ZJ_11$VC0++T ,^'BS-L#FQAT^2J<3/XJD&?F"&0 M#"TS&0W\ .P(LFO M()$%Y,* 3)I.QNNT1RZ-(I;W#!(. \79QPDJ2=V](=O6D&QB@:] MGCH.[J[.P-+.JH'I:&O)3E[59W6=2E,\-#I"J8:!>PC^SC+U63!,C@\#&7OD92B;I VD6.)VRY*+ S\L;1L,X4,=[ MW"'V@(,&D\W;UN#N0-@F,=,*DCVC?75S3I@_"\U:P7@)TGIU1R.MN273 =";_FLH!E83K'L\QF8XF.H%,$!M-U-[>$=O449Y-@EI'*JTO9TY3 MB)0_.J_RHTPN[5")9*K3FLFF?BOI &5[=VL,]G,[D[>KE.:-MG*5#CM -D!+ MMB]=(Z$.X4T>-=YFTIAE+?]):B3ON<#5 M\L[YOH%M%20#I8/S>9GIBL&;S(<7"-FCW:Y3]6ZKK6V-I37*#'A##IUVI235 MT7>?DVNO\0<&\D]CI$Z_T M\$I-C99F=Y-;'=UU4Y,E>)N%=3F^=#IE%4J@ [+J0@KNT;V;34SGH%7 5?S6<@M MF-;>K&I;6FEZ24'4@GK;AY^4+['QP>B,I&[ MM_O6UMNUW.?3:<.?R[0>(A+R&X@;C!0]&;E;S%M;B[%>N)0S!XK[OM$D=O'/ M/U6D[MSSUI9[K/AT,._D=D@MJD/]+5K$+)@U^T[ FU5M:RKW] K6!5C)*=L& M_XZVIWC,T>^Q5.#+@^>^\Q*)>UN5[9ZS@@5(>'38XNM_-V@RGISZO^[>")AQ_A8H')A*I'Z0-":"*]?J8>H>0#8>TD$E#X M;VE %NL9L'0OE%J .@T?,*=L>8%0=GEB#Q X1R>]!N5Q%*E?)ST97.7?7/:I M!!:QDN=OC,:+D][3F$7X(Q9HW@-":I,]F5,B\6++2_E&:=D#R?-Q(81K>:P:8J%4M^>J@I#.4]3,8B$P@PP9RE,2UW4_3,H6ZME>;:Z9V MB9/INEZF F',TO7@)AJ$H9811G>(8,J^$:Z.3T/A-16(AS&28?3-5S0?(Y9K MUHAD$XT))22>?PSI'&*RJ.,,+OJYH<\(74]>! ML-9"WSAJU6_U36OPXM!N=[L2]:5;H]@R_\AA10/C\8O$O\V<*Q*($7TLS"5Y M0%SHOO :0NXR+< E_VI!I:%<[/6G/Q$J2O2Q\1G&R@<1XVQ#-,P_PR@EKRT8 MM"_%/4(F]0CP LMRIT^X@-CVQD_^4'P,L:Q7=60N7T83Q>A7 MU(E#_!&A1>IBJT&C\NW+AXNS&213Q"])TQ[P)H3/&'1"--YAS#F+$%1.?T:9 M'$0E'Y8;3:WZ=8O;FT7HU0;G*M "1\W]2_J46@J]0:Q8R G3NZ533?S*;J24 MU&B17@&[>XBV+Q:60MAGWM>LE]<62)?AWR+$% M?K"M-NK>N\\1#7[LSD FRRU2C4D)\8^IV@&N7/IDP5QV@-'PWTKV>^N?2 MW9WWMS1-0^9MMMPN#?4SV:4R 9_3((F )/Q"I#A+X^.9]=3J6?;%D^8Y@Q.1 M#63SD>](\H'*KVV7TNUO!MGEYI9:W*$#X0B\1M7*TJV#M;)9KU^ >H6)GI\R M=*XN\.+Y-3N$Y%9V$"\B2IDA=>G%"PV=*DU_=7.5#W.OKLY6)U6K7KY\M-2! M3&V03^4CT]$XPM.4,)7>7:9M6UL,W:2/H[R3I=7(=SXDR?L6*2MF+U4Z*Y3> MC'AS:V1X[0!3#]$)>H118X5-JC9H*OL>%Y1-L1PX2?%S54J/6YNRKA91$1FB M8+7;5?7RY]:-]"[37,=GME]VI:EKU6%6M&\O((75,2 M0#Z;),V7EH*ZXWWK^CN%4K&RK^R*J]/+YE@(%*H>#!]-SE+&J7+UY397$LO> MR!2QG3ME>N1(K2=ZE'MY]QN)&6)Z+4DOB4EOTQFD>))KXU&P;3V,:@B5,L5" MX!IN%2]; -;Z(?C%(L4E49]_X1!+(^:*>!=_Z?6-=,V%3GRZN;Z%VQL>TY67 MNX6Z78 YM@'[%'QYMY12SFF2==-C*;FA@.55:WMY-R+XN_0GZ4G\DJQU\BK> MO;SY;]4L]87L0Z_*6W[<%E%IS&RBFH];(NJ(V(QJ/FU?GUF+>(>?+(*;3UMB MX?L90S8;KSYOB["/U":J\;2%[F"=+5U3PUVF]4KI'IM;I[4BK52)LO '0@N9 M8=(5YK)*CB)M5&GUPA*U1;RDDJM(^U2Z"V8HC".DC_Q>F:'_O/P*_T/9601Y MTV3CP?U-X/GML\, M'>]?/A/IS"X?YV&2W[&7*N)7MFUK-.EX1XDI!Q!3!N=K8<-5H(5! M0X4VFLP&01(^)F=5KJM44Z@%CJ;H%%Q$71I?]N6 M/%JQW\_4X3&]1APFMX@[5'%98B,NK;#%ZK4)NN=K?CE0_;J],V95"P3?"%^@ M $^P>CXO%A8:E-]B>51RFL-HY_EB[5J#]6A4_;IU':WOJ@W)OF#2A,KK\.NJ M-2C?3EV+>"$3GC[E17(J(>A7] _3,#EXA&UL[7U9A_QE\>/=FM'#KFS!?O1F6P:Z"?_-YNKI^ M\[L/RS_>Q')Q\^;W1?G'])-%:)/I3?7+;#K_XS_2C\(NPYLOR^E_+-UUN+'O M%LZNJKJO5ZO;__CYY\^?/__E2U'._K(HKWZF&+.?[W.]FB)]0G?)4/H*$8H8 M^?>Q M:B>:SIW#V^_*61V._N+6]S\G/[V<^;^ MN9XNIPFGY>/?08*JH.LRQ+_^!%DL-)X8;!A.3?_W??E67V_#7W]:3F]N9]#P MGQM*-@HK.YT=)-23+.W*+52-KI_+M^-.[<&5G-3N[O1I.U=J+U74H'_V]TX;OJ:P-#.8^S) ?5_"SJN\B#NWR>C);?%[^-K=K/X6_[F_IT46>I#WIF_3_&,;])SN# M9- +'\)R54[=]L\?@EM ?\RFU=+4 0!'R] #8I/I'-:IJ9VEE-6\V!X5:I1] MVA:^MR6DN0ZKJ;-U!GG;-?70^K>@WMV$]OKTE?+Z;\G0SAQMNSG?%-I#FSZN M%NZ/Z\7,@TJ>9H?5U_9ZJD;9S5LX"L5JGZ2/T[13XZ!<_!'*48"YM 2[!-HT ML6GR7'VMN5X?5$@[,F^JR*[*4'70Q7J5+(1D>1T@<^U".I'Y,GQ9K6'Z.E[@ M5TIH1]JJ4^W\CW<+.U^^MU^3>G^$R <4TX[<]2R7YRE;J'UKW(,Z,@:]=/7U M[3PNRIM*![G[VUZY#BBCN<1C6\Z![2]^^)#49MB=;^W+5 M8]?N7!U(==BXK)F]N9P3.RW_KYVMPR_!+M?E9BW=)]W.3!W)=*]K9LMEJ$S+ M=U-;I.4+#,MM0G\Q![MB798 '23X=3$O[SX.['):%_R^ZN\(J7H#H$;6%N2[ M ^WM'(R_:FI<_CY=75_$.+"SM%_X\3J$[:+Y8;K\8[-CX"!=64VHR;R\_^/> M)G526W,4_KY8^,_3V0RJJW9 WLY!A[F: M0;+NUK5]W\W4NZ[^];@E>S5;F? M@QU5=WHB??FZDZPF MY#6S=RXG:2@HZ4_26GME!Q72GE].%^4_ M@BW'<__;W(W4:8X/:E5KU?31[M9:UI'LO]HR63^?#B/6:[G:DNKC M^A9*2":ZEM,TE^!4L?GL[!12J0^BK-31X47[]$/ZYGM;<[SJ@B%[DK;,_F+S_-0+J^GMV"JA3(L5S79U$UMS5'8SF!0W>KK96GG2^MJ>0_NR]>= M9#4!KYF]#3GO/'.J(_0,JOE4_VBY7NXVI/P4YNN]!V!/DK56;[6=,8 %RF^_ M&$V7]NJJ#%>IDP9?WY<+OW;I5/!C*#]-75UUJJ7B6VMGY9ZW7%:JP0Y!AO#I M"N9C$.AR>C.=7UW$BJ,QE!@8@1_6"/K%M-<[NHLOIJED\8#A*WE0;L[5U=2/?*5JA;FB]O-18FY_SW9 M[O/58[^5>GBW7E%7;7\DQX,8!^HUS4ONMW7+Y?KF]A#]LI7"NVICO0F[3M[. M) Q?#G#H.:2,%B1^Y@J[5[Y7A$_3D''B5-7+3]NL:ZN6;U?S*9UKM\=5DI?4M^[I#VZ6?+(E:MV ME[1?5U\(M-M_I^I'F$$6Y2I->A_#58*SU9[;5_JKK71VYM(N,JR[[^#S-GEJ MU_%7DS>5A2\K6(;2-9,6JWNQ69W4]-+ZU%I%M6_Z]E'C49=R3RQ8K4NS+,H;/X=?W&S=;)DX9=K M"UWP 5H^CC&X^SL=,UN$&4Q?"Y>?1I!<,VY5$1GR)#ADJ2 (#K;\"FM_.+VY 0N8*\*R9!E4J+"F0(I$PA2&AM- JG>+$I0X/_Z$_GI MS>?J\+SZ=5.*+=VS0?1MN(UMBI^7:45+)2(8*#=W^5,8D>^'0(L>>P9PZXNC MFSWH=XOE'AH^I,L#4=@%$I!C5J.@0T!:%Q@Q%;2'EA)/R+DSK:ON>\Z21L#U M1811N"V#^S8(P0L\>)PLUUP[3Q5!/&"&M",PCBCQ*,C@C&.&R*B.IP']D6C0 M$+>^6/#8/;TZDGKQ>LT+O-B=,5=4V$ D1J0@ EFL!(I64J2H\;AP (=M,&&P M'XDIK2-Y&NYL]Q+F5\/%\@#F?)LM)]QX*85 A8H:"^6+/[2/ %OKR<(8^X,%Y3:"'\ NMI] @4.8$,-=QJ8;0V^'BF MB!^)*:TAV!='0'$/R^6E_3((\Q"GJPD@]\H)[$&V5:-R18GE $0>#++4Z6A*E)PWT)?TC<:=] M*/NBS]_M=+Y,VPEA>3$??TF8K*?+ZRHL5'P<0N:'6M:Z0',_BYZ?%Z9O\A2U"N;!J^DG8/"+FWDO M)1>-]C+PS_"G-$2<'U-$-5!V:^+N0-( M-M/;=F[;,3&\FB>GTBB"?4"2'FA':A/'H MF>#I"V,X5](C@IE#CBF&L)-F0__"!Z<% M;T +^D/0HEM ^YI/GC;@[7P30=->/6[+CLFE7@&YLB6"UU8[6$,,0EKLO-,(H&Q M0889Z;W%,88&RBOA/SB#&B%Y8MX<.Q,]S9Q+8V"9)A'A@@E$"P4MIT6!>)&. M;E4A F_B1B'^%3C4#,_3,>FRM-7MG6>QKVI1Z5GNW(:B*(0L4"#:(1V]HY2X@J?,H MJ"8OT#\&BOB$^L?;T -L^3Y]Z!>1" M"&R# 6M#!H#!P=(?GK$:EC:N[-Q"&E=OL M\G&[7PC]_=H\=411N2DTLXH4B AH:2C #@DNBNU>"%<$T&S@6?CC;$KW VYK M:]Y6T.7EXL!-R&<9\X@IMCXR9)2$<<"U1CS0N^VRPDL>&ZQB](=P0NX,RM.M M5@_2/W[%Y[ %ZY4R58M(T>E.; S'^:+A?EUTD(=S/F:]//P07ESF.JM30@5;I) M4G # \FPK<:G8B2X:,"='\+%N3=H3S<]W7D?;65/+=HT<[>BU*S 7#DP6HE@ MR!OAD,"%1@0'T!.5\"0RKZQL,G']4'[2O4%\.A*^$(^\%M<>YBF.R,?%S/^Z6/TCK-YO M@^HLTP8;='&@D;$G0A(& I= 4,,84F4***W.#3P5J(_E/MTGRCW>*'Y M)>C>SC^%9=-+]R\4DN,(.JC&$EGJ+9*>:% )K$%>,1YM4@V*)ML0?UZZ[[%G M>KLU8K]NPK8OJN S98#FP-!>?7T_LYOG5.';V\?/I[YTAZ1V(8 $Z!D2%TAS MDJY#1($T!6P&D=.!OW_-,K)5W">C*"#=;+:7):KDZG-J%K MMG_9M0H?4DPN;5$0[@TL/THCABG81E$6R!?1:1V5+&*3A??')EF[P)Z,9OM> MD*O#L=?*R&%41:J=0YZ1(H7-((@&H5&4Q$EA"R*337 LP4[K'-HYP5I$M<>[ ME2X$7_E(?[35OLR=_!?Q&*8=4UZN"+42,X\8DSAY'7ED/"B^UAL1*'>4\ 9N M[B?=66N==#T!?"H"7L3M:P/33_L#HNS/G NE(^51(RZ#0E04 E&73O>U%47A M=62LP47?D^ZP=4VM5M \L4EZ'Z*CB4GZ0B$Y"=$;YC J"H,1C"Z.K#$*,:NP MC=8R^+^5A?)/D[3SGNF+HQ_"[59EN(CO%O.KRU#>O$LJZ=U#\#NHN3=O[@HC MH\,*!:IDNH5/$<&2-0%F'U;E9L;]&^7RS5 $_:%$=N1 M*_>8%9+CB+2G#G&"0?,@CB/"!'P /$.3,X'36HZM,Z=5'/OFS/TCKI?VR^_3 MU75ZTP&PF2S*@^.,'5MDCE40&%.%(O5%TG,+!"J$1P6E7A:>&=9DL3OM%<2N MV-8#R'U3$61_>$"D>ACT9ONF4 W2O9XY9U'#8@_X&F*A\N=6Y405VA.(J2!E2 )0P-% R%PMC( M7"RT;;!W==K+AQVN>PWPZXL;]>/I';;+T*C_/F43'-F/,(\.7( M<2^054D!)8)0:2+QMH%+V4G#VW5I ;8%YM%^^=O)=1&KNY))N;MO[D4QFUZ] MIHO7SYQ+ZPJ+-=@F!.9J(T1 -C"^O<-B*%>\P=QSVNN&;7&C4SA/LL=TS-[2 M-]L@E&H1&?"_2 \R%)@X1#4.2#JMP8[0I* -GC X;?2[3C>5&J)XDGWM8_:S MOVDG%EH8IC3B3!=(*$\0K+06*>X=99$(9QJGX^]>Q *KV^#7C.OGU3Y?MZ&VS'*&E4;@X:*H@;,0++2B-64(QP MX@$W0AJ!!3"A5I"E[C!+K\]]*W0&PZ8LO\((J=[+W(/-WOR@Q0>EL7/(2*R0 MA]&$ZSGM82Q8](-Q7RO35OX'3YB/X:H,5VGJ^0VF MAG(2X(>=09)M1*VK;1_O&Y3'%9K#K"L\\0;Y2!A23A-$':5($4(C5SY(UN0" MZ[\&&_L!OC_EZ0EV]5>'?5ES&P@)K"!(,U,@CPN,+.8%:)!"@@5*=:$;V&O? M@9-*([IU .^)5:S[FT-[6?/V>_@_[ZLN5>16(\9DL%S MI+"TB(CH4+!!&>Y#8*R6*=%YR^LU,N=<2U#I)7*% SO0PH^ %5#:DD@,(USH M)N&@>QG/[7;:HDVPCISRE^7J4:?#IZ<=#E]]&T/HA>Y^EB:GP;DB/:UBB:-( MJH*CM"6$B([1VX!UD TF[]X[^[#^6+2'2I>]^BC,SWJY6MR\'"3GE90Y-LYJ MX@(J(F@F,6)H$',288ZMTX4S(3;8Z>A'&VRCA]O!II]^_B;L3M()9L&6:5NW MO++S[1JE]67-:**>-<4CJ"!5KDG97I$"4.:V\"9SX!O%# M^PD]TQ9U.@"K+XH\"8(SW$N,ES/D5 B1UEUD7(H;1UUJG P(E'5H;2 !-Z%# M/XY);=&A-8CZ(D'-F#39:F*GY;Z3F<,+RX-,;C'IS$ KB0H,FCYA*?(28S' M]!I$$V.W'Z>CMLC3"WQ]$>ON8LR>)S,?)\LM!8P,V'X,0X$..@/Y%"]7,E8X MP2F6OATWH^^ # V!Z:N;[Z-F?1.H?]?F[2LY\L)HYJC72#.B 2(5$+$"UDU; M4 -T5D5H8.CTY"S45N^W!U*_"TFH38,7T^=2%A(3SU&T+((!QS&*0F*DN8<) MSJ@(FG4[/D#? 0G:@NCH38YC'$IW.CZ&(DBBO4!. 8.D8 (!8;?!AHOH<91- M' *_CYW/+F#JVV:X#\&Z]S6=FCESR8UA5@ED0(M!C*= KIC 8N=$V@\&'$F3 MAW"_CTW/[L#JBR 'G>.^< C("V,P3PN'K4T*>(JU*@H$(*T2M!Y;&2"-'DO=I> MF-"TLY[Z037'J+>M;K_Q,[&S]W8*\]C0WDY7R?^DSD7=_9ES8S'V/D28\AQ% M,6VP*28L NV(!**Y*8HF;QA]C^SH!+7>]JM3%*%U^;767/$\<1XDEL9ICWP, M#G$1(^(%Z,>2,T^H\ +LHU:.3+N\.] R(5J!J3]WR)6=SH,?VW(.VO RSU#MA*Z??=*NW#-=AOIQ^"AN]^=UBN8GX"@KT[B/40TK*C4YOFG*)"LXY MLEHJ!+B %^GI',+>:+4O].0V(")1(=W)(XC3J)"@ M#H.=9TF*DZ("#H00>4(/TS^OV-0=",=TYY]W9?Z\*],;K?Z\]/*O=.FE!=YT M>GNE:W:X &(FE\]T#7Z7:_6^++F-4G(*JBJQ5*- G4*,I4E7L. 4C!WL&APU M]*/OM\*&UO Y$0LVKK_+PSVO&Y678^\UH0"-JOPI@A/(,N61- 6EC$;*:8.3 MR'ZT_/;YTQEX?9'KU\4J+!\:M?O,ZGGB'"P3ZAGW2'N)D22*(AY)"FM'23"& MAL(U4$[Z\7UL@1:M(-.;C\I&/[HG<@K1L=?9\?5,N62"BW1H(Q4CR'F#$8G" M(^NLTY(PS(H&1Y7].#RVP(%6$>IOG]FFV*>UWC1YEC9WA6.N\!9: _J3C3H@ MC(U"A9 ^<*8-LPTNYO3CK=A"S[4R.,K! M;.(.$>,]$LH9Q*CG5H/15#1Y_J4G!\46B- R2*=Q5_Z0D+Z(ORTWSQS5=EI^ MDB_W+C(?P=*A1 C$1)1($5!W-+.F< ;^&AL8!3VY-;:A$;:,4E^L^/MBX3]/ M9[,=!+A+DC-5<(X#15)(AXKJK$QJC0KE(JQ^132ZR6L[W\TV8P- ^NK6M_.5 MG5]-TXW.JKTP-=T_4U6CR^MDS[761F*9'G>,%E$O0-N)A4&4Z<(Y'XTP33R: MOYM]QH[ ZG6+8._9[Z-4N6"6\4 $\DP)Y'@ L(2+2,+Z)D0 #;C1=97O9H.P M&29]]>_=$\##Q4TQG5?0I BB5_/I_P;_UH/>,HU3>\_>N^>!0;%Y[,R[!%SA MRWTT:;^R7$$/$5@]4>12(DW2W2_%82FU(A:*1=_H-4ORW>P[G@6T#Z0]MV!N M[VW:?KL.JRG4O/Q6ZOO0;EO1NQ-PX_!S^@ASL 8]^![MVN9_G"X/1&$72$ N MA=L..H3T<#-&3 7MO2J(K^FD*0 8\ Q M4 4X=DB!XHB((U*)PEE6--&@^HH1?RR#GNE1YX1T?T>^5;B$W:>XFR0YI\)Z M"PV(Q'!DJ3*(*^N0]QAL2&U,+-IY[K1#OIQ-+S\[[3T:Y/ZN%"U7Z>!Y_"4] MXK.3,D^3YDIZ*J)D2&(K$?>A0"3Z='76,F]T#+J)[4[[N21PKMQI >VC+RJ_ M'A3L!7KLR9%[S1T&'10,F'2ETFH#OS&YO7T;0A2XP2E/3Y'C&W7&HBN@>@L^ M8HM%6<6'KGS2MRCLF"I>SI ;%[B')1O6;Q\0=BK"#Q@/"ML0C26F4&=_&[45 M*K2.T]%#_3TT<+&YYK9C"7@M:>Z%8L;3"%.:+5( #5C="G/'64)\H[!W/45& M;VUPMX-0?\$';LO@-B^^P.^S4*$/D]+-HEQM?<]VC/$ZV5/HA4BYMLA;2I!, M3FL AD;,21FVIGX=I=Z!UMV9\P5*,B! M2(Q(002R6 D4K:1(4>-QX;3SMH$JV<_N;ZL\:1VOWK;^G5O?VKG[NMLKX'&R MG&&,(W$&M&-8[QCA"GG)P,)W07)'M U% S^P?G9C6^W]ANCTZ!$20Z7,VMDK MUL%K27,;L30DN L@@48O 8-RBD;78-X)OVXEK;*G,YPZ]6EH,8NY3?I\B)Z M%5(L*(5A$!0%2J,5:Z"5 M]!3WYERWM+ONBM[\&^UTODSPAN7%') #?-;3Y74ZKK^(>P(T[\V;>Z:%43HB M::Q'!18":2,M$B28HG"4*=[@IF0_6R;GRL NT.]O0MQBM1T^@S /<6<8IU=R MY%)*9]-CCC2]H5!08A&FR7E04DI38!KI&C"LIW.[MGT$VH#IQ)Y,3QR%AE#' MDVW"'KV%#O%!P$.E)L/,,,GI9*(F8CC."!."DL$03PAKS4FA(V_(.X/LT>'> MMFV[W!I?S[4?$.>I]L!!Q)F)H*VEP.44F(^%U(Y@(Y27YWZHVE'W/W5Q[!?F MHP_B[HZ"7R?.2\GV-X%&7F!G*"J\-$A*%A'8"V9S_F2+"/\U<'7MY\RU6Z;T MA>OQU$A[_H/T5LDN%XQO4^UO@'?$6NLT&)'*(Q>\0H4M\+V[@?*X 3'Z.;KM M@QB=PWHT+RY+.U]:MSU!K S[701Y)?G^)NGT#B3C#%$%ZQ^)14B*\5V3.+>: M-W#;Z,+;]R;,1K/[#_9>R[(?!@*+:2S26SS:V;3.*L2%MGZ1/C7O=W-PW:M[N[2;6_L063KBB,0\P5"HQ"QI$K M,$4P/3,!=F'AR-D'%^J'4!W#>F*[^'ETWGV7:9K>Z7F\"=A!T8^?;QZ6 5HR ML:YZSFB48E!W=E4IU;VI+[LJ0P7OQ7JU7-EYNI>ZN^[S?")/JZ%A' 8, Z(K MHC*B!H;#XDLXYB-KAX<*[X+?937I9=Z=7WNO9\C')1";PA ZH M$!D?9)G!XX$82CG*QC ]G?N.P7%=]\P#KS6$^O/4?"PR3%X;Y[#@WY?A9KJ^ MJ==J M^[)==4Y<[]FP)SER-1EA9D:9)I.!D))DB@W-D/!A)N1(-ID9>CKS;(D&;:#3 MK;;SPAI\"8OLVLZ6W2_^E?)AYW^\6X"INWVFN[_:+ZNXB%U5L'#5X$]^%O,5 MJ%*/'&3N_M91U7JCFUOO9[-2T$GWVJ]N=_7=\4H;R(H^EL MG13X).+RD7JY8U8[L*0N%G?7_HC]4^](9 M7FS#:TAE_O^MEZN;W:%]CRPQ'YL)'1'.U81.8%7-M)H8E?/ MV>J^6;ON51Q<6#Z<9$0*/1AA##B,L#;#;*()Y1FF8D*;/!+=]^O C3K^QZ%:M/0<2ZK4\.3=L""AB:)44,+PT_*+I0&LQR##!M;P. M.KK(].)C4(>UNW89^7C"L&/'0EY%^CZ MSIONM7 C/5>[[^];&[K:=2@[Z\&F4G9*K[K"=;LCLT^*IY_3,]N+>1H*I]X& M@>$)T^6[Z:?@7X@$OWL#8$?&/&A5>&D9U$LELEIH%#FQJ'!4DR \K).U/.)Z M;_7?R]TQA_=ES=,CK5IICG2D'CG+'+(F:," $&@W%Q0W>,VV'RVZS;E.>AEKM0=JC0_QW\P9*5PCX$%_OTL/0.*RHW!7,&6D""BYZY+6D2$LO M$#,.V&B-Y$U>B^TK5G7;%'AV.:!S5+NUA@Y5VR;KI&<_GD"V-R+^U.+.3(M[ MH8]^A?ZX_!QFG\(OB_GJ^D@=KT;!N?.^X"'%!" $(ZI"0%0#S857%D8,C_9/ M#;!/=,]!/WS>L'\$6UY^7K1&PVUYN8!)/#I.D8 M3#^;P^=%O"-A/5_J31;KLE7FI0)S162,7 !"PAKDE-N8Y VN M\_9S:_RLB'X++0R5"A$>"5(L,!B>CB',B@AV#E62-C@O M[^<:^7GQ[CA4SY-W65R%LG7R?5-J'JW&-.J(F),1$1T\PEB @B*4]DQC Z/V M> ;V<^_\;!C8%-IN]RK^.\S\Y>(7NTI>!U^?>W.T?*+U6G6GWNG8!\,+ ^RU M+#F="(X'>$B&PX&@>C@82JW&$ZY'8FR$.N'EG-=$KN.9NS=O/N0C-924F-%0 MB,&8&CP9QY5/;[07' A)I.!IJ.AA-_88$PXSLAHI#(ZH>;LG<5Z(U;K6)XWXU(PW-89 MEPK- 2(QED.AR1A^820;#3(Q'J1[\P.BS/G?)C\3RAT!YFG4G:W^0?Y40$[2 MRG0Y?OLM?$I^?-/YQ;PRWD!9KQT[IHWB\Z'FX^&8X?%H+(22@X%0G"@L!UA/ MS$1,_E1CND?UU.O.MTVK+#AHV>5UN5A?72<[+C5RV3XU:]>4D]%P8@RG9C B M,+LFO_#!A!*BE!F-QKH=AYT?CZ5= 7R&A$UMVS;S,LR[)&R=FO(Q$0.3"]5LCN!#C#65$RS(&&>3LW]0_=2T;!OA,V3H"PM@RPS=54.>"37*]&BH M1G0H""%ZD(VR@6991L><#[/O57?IE:$M(GS:/:)=SQ)U=3[6Z66W1X^8=5]# MMS?FW@6[[*P5F\(?+ME=Q.J;QL[:K[R.L0WB6=5QN5C960KG^<)L]WKB7$DS M!GN #H<3*J06FA$83ADC-#/99%++8;,SIX=[>3^D"? B_K;<'*+7O^E4IX1\ M,N$3*@G-^.Y_PUFWS);NLO%[=1ICD_M:+)]0'1^M6G(YNK/+]/Y M]&9]\]Y^K>(8C'8JM35+R(4T*<;$1%&>">B] 1,9&3 %:O^0*L9/-_?7;,%P M79:[ W<>5E NLQ$9:<;&-#T'8KA6PVQDN!R.J))J.#S7E:"SGG\:<*1+.'N+ M3U.O$6_GEY\7E1'2G%\/9>6#;)P-,C/*Q) */)GH,1\0EJ*GC;(Q/__'",Z$ M8DGXL2Y(?N[ G W3 MCH7T_(AVM\7<"M'N"LM)NI\Q, -,E!&C\5@3.1H/I61$\E$V;' ^U<^EE_,A MVI&0GAG1+J_!#+5I[[@YSQ[*RHD62F9F:)CF8D"PYF,Z&?+A +[)B#[[FRUG M0K.C$3WU!L&IMP >;[7$3H2F ^)P6,QXC#\QWH\FE!%A\.! MF=2R/T[0Z@_AQD[33LU%G$R7T.UI]CH6AQ<+RSEE@XD>9H)2+C@LN48I):3( MX!\\8@WTY=XB9[34]3MV_CK!\A3[PR\A5"LR1IT2B+$R&15D M*!B@3P9$#<[>RC\-EXX&\*P(M#_*1;TR\O%X8(B82$8G8Y%-6#8:#Q@>83(> M#T?CK,%UN=YB6IR01$= >$XTVA^QHE81^7@R&1H]Q%12+?20&2,T,R/*L:*: M\P:!47J+3W$Z$AV!X%EQ:&\ @%I%Y(K+D3&89GHX%G@@,CF9C,>94'J<8J,V MV-_I+=;$"3ET.(+GPJ$#(DG4+R@'P(@ M)[S%6*L)AYJTQQ>:9UHS9B9""%C",/P W3I3$\XFL)QAT/B^.'8[HN7&LKLE]5'DY-8*.,RHFC HQ MF/!LC%/ 'HG?M.']>WM[/J M13\[2Z^53F:+SV_G<5%N^O1#J((_72XVJ?N6Z/>*EL%GGZ!3K\)I!>OTEEX5 M\>%V"FW.YOY#N$KY%^77#^&?Z^GVQ<73U=PMNC4$Z!3ZB_+*SK>7HT""45BZ MKN;A8KY)M?\B\_S4"ZOI[=W-WFZ[9[M2(.Z M5U\O2SM?6I?R]UU=UXU5?@KSA^W4;DJO[O\- M8/[RVR]&TZ6]NBK#58)Y\/5]N?!KMP+Z?0SEIZGK>-79"@'LOIDNE]5$OD.J M(7RZ@KD I+N8KHHSUCJ7F2ZFP0VE[!A+KV(3V[X]2)& MIS/T71T/TP$08A+"R[UP#DSY;0[ZY?Q^S'VX#YW9;>T?KV&%J 9[6CZ@\[^Y M9MU+91?KU7)EY]5KYVDJO:C6LR5TV.])KYVO'BEQIP#CD5 /,O4SWQ\BT!+, MJML>%KZ79>IT-+]29?BRMK.N6YNPOE[,P.Q=CD&]7'6EV3VO: 0$\U#X\KV= M=CT+/*N\V_Z\KVY;6]7!'\+MNG37W1MG']?%$DP%4(S'GSHTDYY6\_1SUXV\ MN;'EUXOX<0KK2)RZ:M)R*30@3+3OP4)PW3WK4*_R^W _Z80U.4-,[>SM'-3J M=0\V9#T1SP(G&!B+W?_C]02P,$% @ M-8A=3W_TY>1YD@ %OT& !4 !L<&QA+3(P,3DP.3,P7V1E9BYX;6SLO=EV M&TF2)GP_3Y%_SG56^K[TZ9HYOE;KC#*ID91=TW,3)P0$272""%4 T-)//^;8 M2%$$$(@-@.JO120!=P^WSRSS.[^^O,?[WXQ[]RK5S__S__QW_[U__OEE_]CW[[^R9>CY4,Q6_SDJB)? M%..?/D\6]S_]?5S,__SIMBH??OI[6?TY^93_\LNZTT^K7Z:3V9__DO[YD,^+ MG[[,)_\R']T7#_GK+78>GC?FOZR]W M3;\;^C-=M<5:ZU]7W^Z:SBS4WL[$K9PMX ^%-G!R?5HVNO<[OP%>O MB[M\6I/9W3WA7-3>+.Z+ZLGWO1)^Y&%=8# ;%[-YD1X[+Z>3<5KLWRW@W]7S M;FY=/K^/T_+S_(]9OAQ/X-OCE#8>\BSTI$_2_P.\]Y_R*30#+KPMYHMJ,MI\ M_;88E<"/Z62UB_4 0.,Y#(!8G,Q@GYKDT]1RM2YV)PHUQCXOA6_R"MK<%XO) M**_SDG?]I &H?P6:X$/1'4_WC#< )>\6Y>C/^W(Z!DTWO4F+K]U156/L]A3Z MXL/BV$R?MNGFB;8J_RPJ7\"Z4X&Z#S3%/"TTBZ\U][:3!NEFSNM'F+NJ6#'H M9KE(VG0R:$Z8<^U!>IGS^^++8@FO>O,)[QFAF]FNF)K/_GQ=YK/YF_QK4H4; M3/F$8;J9=STM__N6'3Q]8S/#UAU AUM\?36[+:N'U7Z]_>[HO$X8H_V,0U[- M0-KG;XKJW3WL/\=FMZ]]]S.I*6%'NG4_KWK2=;A7#[,Z[;VLV;W]/&,^J?X] MGRZ+WXI\OJS6>^FQV1WLU-.<=GJ9F<^+E1GV>I)_2-L7&&&;AN.;&>C@RZH" MZ*#![^6LVOYI\_FD+OA#/;\GI.J] #6Z=C"_+6BO9F HK9;&^=\GB_N;VUN; M3Y-O[=U]46PVS;>3^9]KZWH$[:K5@II,L=V71TGJY6GM4?A;68X_3Z93>-S* M6_!J!CK,W02@7LO2,;KJ]N]_IL>^WPCX:K6JCLM@3X\[/P[U7L%NGS(SL *.7OTL:[VIN/472L7W\SJPEYS>Z]SQ.WG"CN?Z;UUMUZ MO=O/Y]_.3ZE%YIV^OR:HK:_1_O9O 8]\S@0W[;JZJF/"_#-[>J3TQ:] MDP;I:LX;^4Q'3.O'/;$WS.)--2FK_RCR*LS&?\S&167FH_?EQ\E(,70259T] M9@BZ.Z.LI[G_GE?)DOATFF#MZ]75K-XM/\((R1S*I]N#K2=.J[?%-+G2WY?K MUB=-O=70?=#W]V)R=P^/-)^**K\K>B"SZ1.ZHK;>'O=2V_8S^!VLY_SC!%!8 M'7[>+8'@LOKZMOC'$3]=GP3>?9T4UOY]\!+.GJ(KY MHJ8T]?.T]BAL5C!XW.+K^RJ?S?-1K:BU8_WZFUE-P&MV[V*>VXB0U7&T@<=\ MJG],6Z]W%[/\5,R61P^3GC7K[+DKUX"%#6J\^] Q2C&IQ%9=YCV\UZ= M:Z]6Z:3Q@,#6BMP\W*NO63V).UIMS#DW[D8>E;CY?/GP\1;_L9/"^:*RW8-?IV]L,BR\G!,><,D8',_XN MK/3H_/;VZ&,V'EZ7<3$;S]_DD[J+_6FC]#'KFC)YI%^7,]L\8"5<;XN/RVIT M?X*?\-1Q.ICY\L.\^,>RF"W"ISJ.MWWMNY_)\[_K0GC:,%W,^^$AK[[>W+Z; M@(YS.QFMMI]1N5RE][PIIY,Z:5^GC3+4K'?A74\R&IZ$1=5F2??/&@J!;OEW M+C[""E)6B[3HO2ON$IR=3AU\W;7[- MI]-O)[XG#WB;VIMRB/F*GB<]NYX4_ XZ!&@0OXR+VWPY732IQP^9!/ M9NWG^\TPG4]W-?HO#\7#AZ)J.M>7QNAZHOEQVP?-"U'+V&XPN\V MGW]8@;B<_W*7YQ]_34O8K\5T,=]^LEK4?D%X4T3@OV\^SNQR/ID5\Z=4 QW% MJT7QL)O4-/]03&%M+$=9G6X9#IPA%*V005!A(L?!8A_C*8E&+1_ M_1FTIN+QPW*V@++9X('/SU7-C@HVR73OEN5,SR:E*: M+Y.7WJ>];3-#?5",&RR4=MX:;"G9 @#_V@'%Y< B_+WX],?ILEO(5C+3%_LW MT_IC-O]8C$!K+,;^&]7@N0CL:Y\E&JC"7FA/'8!$O,9;FH*F.'M11>I5'/:J M9X_"T &/RO[0^3$X?QZ.?T/+Y3%\>$;'LBI&^7SQVS<:]1XN?]LX4]P;:[UU MW!)CI?0NQBTU1%(Z)(M?L@N>\;<]5U[@<2M(&C*X"RUYSX9^I$<6#:>$(2H9 MIHQ3K+2W._I8#(U93JY\6^\6N',*QF@5#%CL7?9K]\T$]0S#.X 4X5HR(%N( M+E+ERNB)Q'--:Q1SL%:EM#\L@>TPG7*PG&:WP^K%EY"+WELL3C>&,TUV"PP&WXS=M,N:<(]);[6&O M)<98P<)V[E@:WIC%[,KWB[90#<+F@RZF9ZTR:XG5V FF.%:2!>,?Q=3C>*$K M?@L^O,3)5EA<'T\O:H4^#RO/LR'O]@HWS>?;VII']/J]?3(GF=!4(2%TH(9% M&^C..^:(:&[D\2M?I;N&;BCQ>#K-HTK:]XTSJ5CD@7'0.CQEQ MO=^>QTN,+ M]Q!UP*VR)XA^% &XJ(7_HOA^,4[ <'M;C%95*P"5F]LGW^ #LG#:0)DEFF!& M-0XV.HD"CL$^^KV,OIRCIE[C4'I%;6@9RF M1)F[=6&"M^FWF]N;Y2+9L/-5G/&_3>[N:\A8-P\"JUM%ZIU1)D;X-Q#KS.^J8EULD!"9^0)_W.>6K1\P>I>=??WT&%\S[S\ZB8E]*3NHJ^O; M%32#/_# 5_OO 1HP.OAUF9:II[.J$1N\OU.&2'3>VL@1-QS19-@IK&QPL&J! ME5YK!QB(TF/QOR]WR 0)FB)EC8Q8:8.\9&Q#H4X+]:5$^7;!I+('1(:,Y&TO M)/;K[ZDV7I&*#6T__GK$NU-_D$Q*Q#"G1@?A+$$V$.4WT!DD8G.%J><8X+:2 M<$RPND)L*&7H6P(VDS]J[1_HE5GE/ V1.>H5$YB#14NV='JD_&7[??I@Z$&9 MZ0*\'U=8+M)'=.$R^*;1BF%' MN-\*H1]-#BYS/[@ ]@\7!? X09?/BP-1/-\WS%C 8+=)1HPS2F :L-YN738R MU3QSL.?0SXX6^$Y0&8ZW[^%Y!T,]]C7/C&56X.@0"4$B*I#56^&WWD=SF)1C/'_^HVJ"??G_L,X*5*5"GV;@P3?S,M MQG?P&] S377!JWQ:YX2@Z9"9YQR[2*V00@3,A;2$8*$Y\X01B6K)_T6@=.QT MH^B?_>7@:/9T;O%]/;+T2>:F19XN M0W5E];&L#N6*'6J>8>81\3IX:1V!A9<:88%$$2U53+&+K3'2+S_+SI$[KG;4 MY_->O?%PAPQIA(,#V\D319F,T42VFG$@1!D3+M-:Z(8)1SC:"J%KX.U%6067 MQ-*.6+DI+O["//96!:G5#^;O6>2.R\A-)")H3R7,7PJ'!-?J@O3]KAA1]@=/ M8_;^OGIF/GV\X/)D3I\P1(9%$#@$C242Q!FJG%]1%9 )AOOFA7\Z#Y/L@^G] M(358RL]ZYE\/:"2[0K_F R@P^6CQ@MRT&2[3WA+NF".@\2#A(A8X:V9LJ-%:+]IF 44,6/2:,F- MTX%A&]2&(HL='C+)YZ #J TS]B5\-D'@HH--NZ\)E/+>K)4.$T%46M,HTAMP MG.4D7JJ[IRF/3ZCX/W8,G)1'J7+%8WA @S:%QSGE)G@G&?>.&($XU[R+2U8MZA/WW=E MTG:[0U> ],KUJDLW0^?'X/Q% MK>B7PO#S;.F_%XMD9K^IRG25X-A^_0,LDU>SFX^KM/#9W>9FSTDQK^$^/'VP M+,)F%HPU#) @4@N&E-C:8M3Z046EIFNG.X.R=[P&E**U\I+BI0X+R&.[S")M M4*JQBP4SUBJ/=]MG@'?N GG?)\.^EXW&4 W%=C/^S^5\L2D D&Z=GHTFT^*; MF;\ONUM>^GAE]VBQ+>#+)-:,T1I@^@>UJ2PG\UGPU'4+2SLSG"X8Q9XQ,Y%Z2022%H6X$U=4\N(QKYY MK&AO>_+%2E&G2)]'KC;1&BDH9WZ"5'W;+3,B,D^IX9HC"WL :--V2RE&+6(( M>BO8=24RU0KGP:)6[O.JL/DJV.#A8S&;']O57NZ0>::H1P$,L6BPH]B8K2+- M2-1ZR-+UURY%G2 \E/R$+Z,"P,F_V&(&[%M$P/EE EZ ZH"8M1HW"\19,.T$ MQX9@B6S0CU@Q&FM=?MQ1B>YKE\8A&3&4T*YP2[[O6%:^7'Y8W"ZG9C0JEX?S M0@]URQCA7@4PGD@(A(>H%-E22K5J<8VD^*<3N0YQ'LXDO"VJ*@&2X(*W)7Q) M[T6Q>6D.6HD'>V8*7AJII;4V*!59-,SOZ$5:-$\VE_]T$ZVC>+#&MAF1&4.!6)I8BPW>LD4'/Q4O]T MXM4UV(U395Z7>5HZ[R:?BE1Q^ 7Y>*E9%K1WRN$@A);8@\ SMS50J ^\N2CH M?QI1Z #7H9:5586#+6HKB#:KX8'E9&^?#)-T5XP%<7:($<\5=KNETRO=(HD9 M_=,(3]+]Z/B- J)A\6E6?3]:FFT[V%.PYH7=&)#;18"NE9(8: MJ9W9[KU,$S9H>G8]J>F#467?P)UOT;%5^2? <_>4CI,6G)<&R(@)J8(14H)' M*PP#&.B6>A_H!9ZX]"@VO6)WQNTJ;;A):SM-7AZ[9=@ZISV3#BGJ# Z(Q2V0 MC&+1/%*_MS.4LTA)8\3.+!M-5Y3GG3.+G.6(&0[4 Z;>I!S3#=4*H^9.PMY. M2@E MRTM;X,XG,(]3MF55E9\/WL-5IWO&K/?8$>U#%)(#M51&=)89'H[ASB+ MR+1&KC-KY]7L[>3N?G%S"R;?.OC$S,:OTS>O)_F'R70U2; 5Z]H_=+2V\G"T!913U">69MY="H;:F//#2/(.KM#.%\6DT[[!HO.K[*;Q?S-_G7I$^Y^W2-Y?RI>VDG MW(]RO6^]:3!4%J7%,@B%8Z :<43([F3-ZGI'\7.-JC-)).+ M\C1/W'<=,^ZI)$X[AVG@1#DP].*6@F!X\[B<_HX)AMYSVH)VOLWE<>9K;Y O M\FE1G;:_[!DCB]CI=':J.*(L,(<#)EL,&)(MBNI6>&:DH8[1702W980T M/WC$/Y:;MP&2A6UQC$I]=%OCUJM"ZRY[P[_6/[>=KB= M3U9>*J_[KIR.?R\7_U$LWBRKT7T*JC])AFJ.F8'9R(CP%&'B)*R[L.3Z+49$ MX18U)7XLQW _>%Y>U9H#0E9_D,Q)!\:$(Q%YQC3WWL?=FX> !\VEZAJ=R+T# M>&8Q>C7[5,R[*GYT8+#,:4TYD8B$:+P,U"BS/;ZS7.'F15)[L^7Z+W[4'5Z# MI5EM;H-[7YK1/Y:3J@"2X!58?'TSS6<+, L"?/IQ74J.Z0'# 1=%04XU6\Z[M\6MS*V.XYTS&9VBT0@<8^2! K#;0HE M6E1Q*\WA]&0\M,U?F=;B?ZMF([? ME[_EB]5M$[6BOVJ/D04=C,&$Q!4XIW_QTO3??T3G7H(Y@/-<" M!/OP=NXWMTW$JLEXF?(Z!+!985T6&%$7:71;;*RQS<.7>W,[G7&9Z@/2R[/K M.K'G,B(-T\QNP>O,Y#2A8O>%X9FG:U3WJPDMP8+", M>"J10H8QS"6+VJ.P0\6'T/P\KC?MJG\O07=XG6,+3+"D^ZW 8CA8-&-OGPP, MBQ"(#)+#2^(\06Q;#Y!YBFF+,("!5YQ.&'E@*VL#VU"B\;;XN-'O;F[KBL;> M/IGG07I'A94<,6RD563KUO#6N^LI:-R':'0%VUE$HYS=O2^JVJO'T;Y9NA]5 M&0:4>H28IABC[>L0.'7-5Y&A[?;>1:4#^,ZRT9PH,D?[9@QV<,ZP)8X(#TNI MMGAK7P81Q0460#S7QM,!?$-[>M;U>U[-YTN ICA6;O5 KTQ''WPTQ#-!M%!! MX)T?-%V"TMPB&MK4[D5,.@-N: %Y6Z3[9,?OR_?YE[]/%O?WY31E),:R.KG M:M,ALX <&(.644.1D4%[>'&V" 5*16/1&MK8[E.T>D9U:+F#><-VO E*@<6T M?'@H9^\6Y>C/&A*VOW,F,0]( HG>RTB]0F'G> \6C(/&LM1;6,<99*DS_,ZP MG4T22K-QS6ULVSJCWGM!L";6AHBD(^FFOPU=#G!L+!>]I?J=9_MJ"-A0@E"_ MJ.\+.!T0F5;C9LAK&S2R7B#LJ26"V"WN =G8//RUMRS! 85K2&C/?A25*/)X4C8HWTSJ@U9%=?7"!L2 PMDF_.4ZEFUB+KO+=GP3"99%_@U MSAG;K)KE[2JQ/NEC.W)O/DPG=_OTY?J=LT")]":BX"DGCFLFPM8?$:4B+=). MK]DKW!N EW?^U,FY4Q9I-!);D2X9Q"AZJNSVH"\"*LT-K/Y2# =<4'H#6PY;-K39;(OX9=5 M,N9;,#[#[6UQ\"ATV(ED443C$L,](48%&HS:1KE'1$SSU;$WSV6'QZ@7C?55 M2'Y?@IPA&75R!'LG@+%$8D;4;I4(L;G^UINK]%+D\D3HAA*S=\N/'Z[6F96:TY%3+=!"UI8(@))+=X<4I;I.?WQO2N M.?5==F,;A ;,D]UF?:>)'N3X-RW!+#'<$ZV"U$9%:QGA88N+Y^(2T\1ZYW@; MA(;4-Q+ENTL.MA&/L_$+YH*?S$?3U+@\M EP ^,OQ??WV&'2R)?ZZ^>.'S MS1C?X/CY\^>_P-3^ KOHKRO\7#D;I[MWQO#+O)Q.QBEZ8+?BSM=9C@FY^1^S M'*S^C3'VK4'VG:VVO0/FVSODU]047Q;P.J2SCU_[G?FNTD5JN1I[1\*>&0U@ M(GZWEQVR!K_?^"PGCAD-&A*H.PQ'2:3'RCB$+-(>U_(9]$S9^SUU[UYNF&F+ MJ8G6ZI6L.%]SY,ODD(SO MZ9%I$0TW&C-E8-WE+%B\ \4CUJ*"\,NS9W\O$*TY64,RNL#KGT-6SB,CW]!U#2)R)O_Y=NU,FN7B:XKY M*6=)ESNRAQSLEZD0>- 41^X)XI(R '%+*]*N^4YRNK%RCIVD2W &"]_[=JI' MUX47VV<6K#7C%<+8&6&],M2@+6V&"7W9^T9'?'L>9=/'JE^-RIF>34I]ZS_>]MFFDIDJ*2<(84U$LF)MD-&J>97 M_YR>WSCDFM\5(+TR=S.M/V;SC\5HP<\*OM#Y\?@_$6MY9?"\/-LWIN+?HX?;'[;,$/<<^*1T#C%[T8%!+TV9]\)1==?P#"P:C^7"WA5W57&7#FC^F 'ZL8!_ M\BDTV=R$>[>0Z8N\+RR6R'J'[/A MRJ(\BQ&M'ZQ[K&LFN*-2.62("Y%)+@.+&XJQE;+YEM-;492.I*1C9(:3A=T% MVC7TBQ=:9XJ"U6QDB(18@AF*A),M79&&Y@DOO64&=,;QMF"<@_NZ9(+P*%Q 2BA,O>*8Q;"E4'O:(DVN+W:WXM-^GK>!Y4R,7U_W-]_< M]Y?6J&D!=M#L[J:ZRV>3_SJJ/C0:+U/6,8J#@M,M"Y.G"N#4VQ,@A#P_. M+S*]8#98,F6Y*.:/!!T.O?^^<>8=\4Q&9IT7L!%2G>+ ME3%.*1+\0R2T!J0 MH=B\T6-WE*>LS11Q>? .COV=LL"))CY8H5'PAE-*^<8%F_!K43JZ-Q6A2[9W M!DSCF-5'T^7F\ZP8'U#T#C7/:)0",<2U-T(9P4*0VS6)D.B:;_V]Y=JUU/0Z M1&.H5_=]E:>LTEIUX+]KFT7,'<=<...D(2#72._DD;$VU3"ZYG WK"F[!60H M)C>H^;^W!KUSB$GC8 V*W*7:0T*B+85!F^;!/ITK9[VPO"-;[QAFS2!E"$%4I"DHAI>EV#R/(MTB7[JW\7T?&>FLLAN+PWANW#BO; MA[J!<H>H#*9[;^]_7-7:>3NY MNU_/>10O<'O;),/QNDFZV7]$+"\ZNY$L-_M;IGD5GK'6P?AF.,*5@F!J[HUS8%J[8WFK7 M=<3\'N 9.G3?E0\?)K.5MR\E^MW-)O]5C%^-86^:W$[R'67;NQ%A\WH-'T^F MZSI<\_GR 3X\=OM@]P_+HO H"NUTE%:9B(WWV\-RZH)H[L+KKTQ>1T)W=C ' M=?\=E:TGK6 -IM%K*[W6&%E',"=;.I@4O$6@T:4'!S1'8=C@L:-!8YGES)MH M@XL"%DU&<52[V3O5PA& +_WHOA$ 0['OZ=HQ&Z^*L*8"G$4U7T>@USBUKSM$ M9ERRB+R,)/D]N!2/[FA&=8O@C2%O5&\:+]@32N>0D]-$8G=%H4+2"Q!TH],M M*Q&4Y^T1-M/8-B_GW]O&WCW+#LA$,YCZC 7W57Z[F+_)O^XI%O!=FXQP'K24 MQ! ?#!$>5E]C45Q8.T^ MJ7]FB0A*&2P9$9C*$(C>23YW+1S\O058=,'Y/C$:S#H;C;$BTW%+#%+PZYH.5& CG7- N5(!*0UF-F!4"RDVAZ;< &VU^6=(G@"2=# M MCJ&[Y'4WL R[)12UF?YB^\Q82P)50(=W0GD)(KX-CA2N>6)W?X>WG7D/.@1F:#U^=XO# M$S .QX@>Z9F9%.;,I(Z8&P]F2Y2<;ND-)C;W(O5W MR':M\-/&_;6*0];V7@]W.T!I*)I[<&W^T)M"SIIGA$GLA,;6:>LX0LVP; MZ"ZQ02VN).TOK*,]>YY7<6F'RF#G >/U+0OY-%UJ\FJVN?[DR>P/>?Z/=LZ$ MT3%@&J,2W*A(&.7;("?I KK M: '6>@#]QOCWH*X>/A(\9:1,201KH@M&,0U[-P+R=/Z$*#)[):'*XWM.QSAGFD4@.]I!"$;9-1YW9GGR 6MZB MN$N/%_!V+BJ=XW0^4^,D$R.C#G1NV!X]LDIA3P+>R;RRWC<_X>GM)+@'[K?& MY5)BR>LY$%[LFL7@.48\1!Z9-$11V%*W%#-.FA\+#^([ZCUZN /,'J7D##?8 M';@'[DV>CL#OB\5DE$_GW\[YBFZ%XR)8RZ.(V&ON'%?,:"DCO*U$8V-JQ4;W M3-F)M\(%&B7H(YA%@KAU5"N"3+KAP,)S KWD6^%J,^/PK7"G(9!?\JUPV_"T M51&QUV6^BG/R7Q]_?P]D';GVI\VPF>3(:\UT),IP%86BEEJ/F8L> M\:BOY7ZYVE*R)V)P .R&LQ:>3O3H+3$O-<\T%4".9Z#P!LH$J+W8$L,)21%Q MRJ%,B!!B% 0Y>+.U\E8[CRB&W8]2Z>69[A<[=I?0,-S>6SRR/X"O2;80(DH0 M994&U4E%J4$WL]8Q#BIV@,_/(SI'+B"Z',DY#;[&(0K/J^1.)TF)_.T;??QY MB,*A/B#Q+D;,O0F"6F^?S8E: GC)*%B)"35&%,(L<*6<0B5X1SI:16>LA7^ARF0']0 M78#(/,[_]_SAN.)VXD@9!; ]9ZGB.5(A MQ*;]192ZPD5VHO]"(2]<5N"*A_ M?-DDQ$<"*SJ X3B6RF!BO9=,$^R=((,63*AM;URBY)T&9)^Y^>TO1E621T20 M-=8J3L @LPY[XSU8:)(%.604Q9![75> ],K819&EPL*X109%#[O$ M4))P&BB#Q51-I^7GE+P3R\J7RP^+V^5TZY][-!0/'9C4&B"S2EE":5"!&ZY< M5%9:S%"0FECL\*"WZS8NI=;T%*X7C,X0=>>+CQ4(]2H;"'Z?%BM>S,;FH:P6 MFV(R>TN,UPO':_6(C )+A&'*4\&XDE9;S:/Q$MC#82-O7HQUR()]C:7L/"A> M@-'SA/*G%#:S>_8,ELG@*85-&CL6P")@*AKM'9@&B@C'6]P%TV.L<&>RU3M> M9\@;>9-7-]4*H_$JZOE-4;V[SZN:J23[>FZ%L]HHT/TTID9R MQB[P_L\.Y:1[@,X@&*MISLUR<5]6J99U/8%XWBL#\0\$!%ZHE.ZL 4,L&-64 M1.M2;?Y+C 3N0Q!: G,V 7@UGR]/8_ZZ1R:P#,@8JBAVW)"@9;JCD@!I6BK1 M(JNDQR#@_AC?")2S)!"MYWN X2^TSL"BHQYIK*,S7!,#RYIT.HAHK$^7E#9F M=F_EGSID=GM SAK$NTY:V07N7FVH+@/ST&N-L,54HP Z5RKIR#G!SGI>KU3] M987JA:QPSA2L@7 ,A.O))BV-A^/GBJ(JE6+\@3O 0,-)>.KZCB5J9 M/7/@7_KA06T>U7(9-T/GQ^#\E9P1#,OP\RC)F]J>=>[1>-X4\ F1>(5MLO2( M\P+;N*5(V19Q4$/Z_9MNZ2W1&(J_ZQKQ^5WQI&CX9NH'6'V@5T:L=\@H&\". M"$H;G*I$;>C4CK6XB:^_H,BFK'I^*UIGL+2-9_VZGX2]]RFBK>I*O]>)GW3*D/>@6U-P;3&3#@M M@N%V.S?A2/.2=#U&&W?"HS8P-&;1^RJ?S6'.Z\.S56CZ(5[M:9XQY(,UFF%' ML6!,!DEV.@*CI'ED3&\G MTPK1L\AMH%7X&!7!7SQ=HI%+Y\3*ZCPP4D]W5) M24JIUJF4TB.&%(@HI[N%7OOF 3"]N?X[V_\ZPF0HKJ^D$N'M*AY)$MOWOW.>-LXY<[9,I)%QVW,3*,.7*1Q)W\XS!H/MW@ MG.\4FL8O\AN@L%Q7"=U2M.\-?J%IYC'U5C!O<&!,A.@U8COUS[2HB]>;Y=KQ MJ]L>E*'>V3K1HP?>X#K=,^\Y!Z &"PI_ M,L441_%M2.@!X3C<,7.&@DKKC0;@)):&*KY3: ,.%Q@SU[U8= K18"K[:+3\ MF,]&7P][3)XV@]7/,J%E%"9X';QD2N_\0 (,DE5 M^#*ZAW6GV%X9O.LS\>@-DFG/+*?-"D+AR,C#KMM0#),U#NWJ[!+%[D>@% MJB$#I9>SR6A]=SA,^M7LMJP>5G^^+T;WLW):WAVJG5MO@,R$ -HQ\@;V-6MT MI(&11\VG7E3CL%5C@O/;$2?JHQ,;0(AWX"CQY M':$R],'H9IKOEA\ Z\DLN:!6%1R! E]\*&:+Y>'LB9/&R91TV%@#^A"1PFO" M%-MYM21US2W!_FYA[%Y"^H1L*/'Y&T W3Q>#%/.;6?B2\%E.YO?I>./F]L@5 MRD?[9I')9!P9ZIPW@7B-],[KC4ADC<5DR*SI&%X.L,,*,%"R69AM,0/F'1>^ M[WIDEC!0ZIR+&*P\1SWQ:J?:!4.:.TB&3!)N)SAM01F*Z;\7BT=)/\#J;]IE MU@;N#9AEB'/E=+32[&BA;6Z7'3(9N"F#VT Q%%NW=U1MZQ/4B#79UR637+&( M N4F^?B(Q=X^A@ZW"349,AFX*;,[0N5FK]EFT*'HM45JHE)38 M2+&+1%;>--<_>[-CV[/I"-^; ',NIOO)=+DX6.1A3X],:.,1MT$00B7%A#BZ M<^(SHYI[,'HS3WMG?#-HAF+]WXO)W7TJ4O1IY73_?9G0NKE=5RVX62[FBWP& M^NC=L77@I'$RRA%56"-!I':.LA!)V+T&[-$7<3GV:>=BTB=@9Q:>C<1_1\KI MXK-OI"Q@SH/T&D# D7H6>/ [/*1KOL'T9ED.)4 =0?8H0F>H0/+])8C77XW$ MF,"48=Q%8[D44F,D8?>IEI);3[O$Y<.P!G,%OAVJD?O2GBQ?9:2 M4",CL*4914%784Y($GV$'Y)JI:^L+GK'#'UN,0P!X77)C[?*$>OAQ?.2 [4& M:4LQLRA=O\399=5*/X=TG ;0D$%0FS*'>Z\,V]LV"\9Y99V(P6)02[%EBKC( MO(T<2\J'K&U55ZEOQYO]12(;(3)8F/MX?;=W/GV33\:O9B[_.%GDTZ,$1:8.0$C1@KV6@N,4)0G\.GFY7@YZ0&J[DP +(+\9; MM]=1T7BY0R8LM2I&;*G1'&FI4B)G-%0PZ;Q6%Q@)T*T<= ++4$S_WF]WT'/P MO''&HI>212HCT=QQK(*,1@NY"O$5M$5TXX 'QK ?U/GG#CB M=52.2=!;)(,-#8Q:3RTF2J;@A\M3[KKD;',D!@S=2HI(X8OUSU>S[\7Q;3F= MQK+ZG%>'V'[B2!EAE& NI=7<@XD,JJR*$C8SH[&V6EW'!3)-):-?L :T^I_K M)K\7BYO;]_F7P_;_OEY9\!Y3@J1.H#)*-37(6&N8X!XTXT$O5*TG%+UQ\GL? M04>H#1<@^'ESJQOH+V^J<@:_CE;OSTWE5AE^KV9/&TQFH\G':1%N;XL1$&;& MY:&>V\.G#.+8V_8GL49O'JYS A JU*7EVUZ94,XXA 7EA')X*0"\2 %, Z2GV[<:BTEOZ25G$9-6J TE'7[R M:3(N9N/YD^-1E\_O#XC&OBX9(2Q0)$"/M))3YU3D02'M!,)1NQ:WU?:6B3*4 M7'0$V24HXJOO;E9&Q3Q\*:K19'[847GJ6)FT-F AN9/8<0QZH(XR(B6-)83J M%F4W>RO6V'8#R_M>ZE^S'M?N093U81MYN2W0!PNIMGQDS( CW))#(T<_JN# M(9Z!,LRD#A$YTN)*OJL_C#@OU'VF*#VMP/,LU6CSR#8CKVL<^B*?%I4#RVNR MB/EH,@6N^!3N,9WO>?0 A>DGL^+F]MLYO:Z1\'2P7R:"3H7X)'(8I5(5F!J& ML?1""T45JO4*#4?OL32HO7TR[S3&V"*E4."4@'X1U)I.L)GPY61$=<2MYX7X M.\*EQSRI^1:R>3'ZRUWYZ==Q,5D+"_SR7$;@H^QU<9=/PVP!I.Q)A'JA51:U MD4H(ZIV(7LA4D5ROZ;5"A!8U.GM.>^J @V57J-133$YFZ'H^>[-2GC?)4+HP M)!(KG5?*@\E@[(9PJXQV_C*O8FX%?]DI%%?"Q_/P;T]"T5G8=RK;]ER(\OK- MZSB9Y;/1))^^?NWVZYH!93%ZBC!ED5+II/!Q0S%6T;++W'"[8V0-R>@ KW\&2;FH M+?UR!>1,,<.G[" OP.41+*^6*,>H#]K:2#S>4 6_M4@0/SW:[W=HPZJ#7&^%SH_$_XM<\\_-]O.P M^VWQJ9Q^FLSNOIUSC430 _TRQ3E8PCI=%X!II,QC[M>T1NR(;FXS]'88TXYE MWU]1W1DXY]0!?\N_3!Z6#[:LJO)S(B?_"-\1-8\ZVFMXR??D2H5]C.L0;57&,RKJ/W M@M$@9;18".7X:HT.UG $] QH8ES,&G(B*'T?T6^$\*XJU@EGC^5.SWV0OGIK M9O-%M:Q;,W1/CPRL/X,".S8_(76R>GA M R4V!L.YMT9CR:S42AD/.G&+L@ ='YBWYLU+:VHK+'H\)#^_E"H$CC*RT7VH:'=0S_CF&[)HGQVBJPE;45G(%Q@A35E@:GN4.18G0UCJ!. MY>$T4*[;$:1M-$ZF2IB"<\QA=<7"8J,0M=@)?RV.H-HL.\D1=!HX@QEAY>QN M450/:9M\#T\^%C?P0O.,4"FLY#I$0WDD0AMXEO1@9@IC3&SNV.DY9J!+U: # M8,[%\N.GOB]VR(PCD7)+.7=!<4.(Q'2STT6*/+M2!:$=)X^(13_079OD1&$9 MX8@;!0@@PBVQ+EKAF K$>SZH)[A^E, QH::Y'%83OVF;2 M,.^%P9X=V1*2H=C\QVQ^ J-?:)UQ MXZ)GGEDC$ >=B21B&(RL( E?'RIL3Y=ZGRM83D/LW_/'X[OW/NZ9 I,8$*8,E1H4%HH M\S*N59?(,?+J2K6^-KP\*!;]07>-TB.T]D;+J"2G/!"K,(^.6X8,-<'YRTKY M&%(V3@.F<2;(NV(V*:O?RT4Q]\N"P-:V=Z,_V#Y#*C@4E/-:!"YPFKM*2<(4 M(R2<:WXS2&]:77OHR^Z!:M[X'9>9UF<_L8;[6[)X9 M6(ZPM*G 4. $&Z,T*#(L&.LCMK9YHGUO&EVW;.X'I\9*X MSAM]PA 9]:"V'U5![][_GU23I MN&_SQ3'7[O.F&59$*<0YUL&!L6*!* &V#"5.S5[-%47W(9W_>W-X6L&VE M:;]^96_>'O7NU>J?IDTPR,K/<&(#"D,]?2#-@S\WH7? M.43G,>E=7E5?)[,[\Y N!*AMUG_;+3-*(D&H= 1TJU2IUFD<$+)"N!:(U1,,)!2QEL):M"V"L$PP.U_?;TR/S'!E8 M_IR7D7,2A*+"FR! WBEU;8IO#61 =B$"72 SY '_^\UQV)%C_6VS##$:8 ,E MU&BPK90T*DH#$IW.NICSS96 WBZ5Z)K'+> XSSIO\_ED_NYC5>3CF]E3E0C7 M7N_W#Y$9C#4!,38>P\IF1/*!:>9P8(A[A9H?^/=V'T2_ZWYG4)U'6%8:;C%? MI!FO"X9./J4ZMR/X+K^KGUUR9)S,(4^XED32%'5KM H:_O+":LL)+).-Q::W M^R'Z%9MN\3K'#O(X65ODJ2QXG'PIQD_IJKG''!\HBP;)0#4/ FM.F=;."BP< M:%*,*LJ;'U3T=HM$G[M0YX -G#3XOOBR6.;3^8^3,2A!PP.HI?9><<6"H4K! MRB]45")85.N\= @:FV0,>A(BD& $T9X[DFKJ>2>D,=1I%_R0$7Z-,@9K\Z9& MQN!I6%QTQF 7J0$1<<B'@'4-W;9*3%%AFC0V4 M62Y \4%*>0RJ2BJ6 \;T19XO#2$7IP%S':D!T4@EC<.2!L.5U099@ZWDUF,A MG!TT&K!5O'AMYAQ-#3@-DNM)#?"8$X>QPRGEP2 M!&(%6$C6I7)YF#,9%7=!:BT1&%&.B2%/^,ZFW;>&Y1K#^#WQD5M&-44Z$DQX M%':CI'IN#+I2_;X-+^L&^G<,W35*CS(62TV8\SCRR(*6CE%G*06HH_!G$H[3 MDT ZEXW3@+GTW &EM5#!8.<(YMHBXRF33BEF)65(7F UD/:,:9([/=("\LJ&Y4GB&W-"F*D%+4*XEXP\QT)4-P48 %9&2Z/TZT=$:I*3V M5ZH,-.?>\9S CB&[%DE16&LN#4.>&NZP4 @';XET& DPNBZS_F^?@)EGO!0G--?[>O( =2D(?$ TE'C:?KR X M*@??-LP4BY8R"=*M Q>,@[5+K04+-TJ$L+S 8C =,KP5%@TY.Z\63[@*?SWG M*'R4O4U7/>W1WK_Y/C,L4LDTF!\TY:4)I1DGEA))C.*@ #?FW^EI68.K[&V0 MZ)U[>U_$9RTRK%'0-#J-&:&!$2]PV*B56%AZ;:47&S+E.4O[ >=RN,Z%,P@3 M8KF.7&*IL59:.(1-2AT6@QZC'M6JN^7I::3WR;+? +Z'Y<-!IGW3)I/:""OA M/XAJSJA,]8*(==@1AV6X)$VY,>IE-[3WRK?UO9J'^?:T38:E1L0%1IGWG*AV.BCGR!X^;*$^%ER0$COE2,0!@Y3[J)$5 2N$ M)@ M:EW@G;!=L[<%'.>(*1_JOFE)P/@6+E5]]!P'IRF#'QK6-,*)$Q=HL'8N&/W! M=9[%OYM*98Y(%!$H_ARV.4Z$EE2DZ]ZH80(![0,>7EW$AM *GG-L#4,6ED 4 M*62"=BP$GE#V,1+0D3S6PB/9/,=A\&HV76POG0-VGG6DWP)(@2D U5'+I>/, M ^S$&JLD]@C6U1;U$ :O9-/-^M(95(U#9I\*:)R6Y=[ V.\:@DUD/$->B:AT M*@YJ/>C*(1II0;"E;&X]#%Y8YE1F=@)(8Y8]R[=85T[,$X9O\J_IHX,EJ$X= M(M-@$!&-O"4><>ZT<49(2Y#'3$>@MS&;U56PN3^H!M,/B@5(ZGRK[MXL%_-% M/AO741:/=_!/:?A^WM:U&N;MGQL!@206&O#"@(NZ%+ M*TXN*#2S*P;5J$5Y&BCGJ4UP>ND2B1%A (I53!M*G$5DNQUJZ6QS-:_GTB7= M;_"MP3D/RYN5HZ!"CO>RMO0VKZM2E:(;.C\3_B]S2 MS\WV\T>&-JDV+#!#D5E) C4T+8U6RT>J4',3;MC"([69<[S6\&F(-';8_+Y, M3[NY_6,V*A\>)HM%,4Z3V9T1[_/2'.N7"8U%1%(KQIPTD6&AR/;$@Y%P@:Z9 M;D]P^D"I,9?W/1]4R(_%:'([29\_[.=VW?Y9")IB*EBP'+10+@R-:$N/:7.7 M='\%XKOG>D]H_W":>#3YA>_]5=M?K#SWHY .Z?X MF$]%E=\5)X5SG3!,YE/15FXQ$SX&@J)U.Q/:2DV:Q_WUE@LPG/AT!-HYQ>=I M^*I?IH#U-T4U*<C)<*#RIZN>MY20DEHGF+66Z1__^P_$92^X_M67K-](7R; M!S<>OQRM#]YGXS!;K$3^MJP>5G'3V^\:!@_.M[R>%Z._W)6??AT7D[4LPR_/ M11@^RKZ;P(ZK+PCSX0Y9JE@;#?8.N.6DC>EF8:%Y%(00&T6M8I[=$34IYON" M +]KDP6O&*@B3[M1FVAJ]GCKVP@31^(WL*.BO*^3+;@#H,;KO9&:_+N[R MZ1J;/8[^%UIEJ9:+T1$Y912VWC).R08Q)*0>TO]3R\/?@F-E5RC4VU(;+D%[ M/;;/FV0<&TR-12(HA01GSEF\F33&SEQH^%TK^)^_MNV@N!(^7I2W_2SL&X1M M6XTC'1#O8=O3)AG52"L/MAQFRJE F5T,VF&L+B@NB@];)HMD.B9??][F5=@ M.$V_OBT^EM5+ILB!UIFV$FA&40(I5BL&/\*&E'2^T+Q:6.=NU!Z9V@Z4OE_/ M*H<5*A%;B\'/FV?$4N8#,0(KC;RRD4>W)28&W[S>3><.SSY?VW:H],SBM9\C MS,;^Y5(4>]MF)%U/A+ 5 Y2@G++S(:,=#+8G+F=NR-[9&X;2'I5B>)D6JP/ MY@ZJ18_-,J\\#1AI@].E8"F&VFXU"Q&9&K+HZO#\;(E&KZQ\6]Q-Y@M815:1 M] ?9^6W3S!O-G%?&(,$ ";#6_%99D*#T-2\(T[G/KS>6MD*D5[:^FHW*"C:$ M%:GO%K!^N'1B47UUY?@PEP_VS(0#11Y1YQAVUDHPV,E6B7ZC@=;)\112BE!LD0TO6=F"C.-^0H)WWS.(+. M:WSTQNGVL S!90>_WE3OR\^'?5/?M5.6GR6QT>-=^N4L6F,4($<0\D((YRPX^-YLRQXYGV@$7/0&+ 2BLKMMJ(M<\TC8_ U>+):PM$3+]^E MI#\@$Y,/[R>+O0$5SYME1!@19?0>:(^@]"%0 [>3UU:W6&&OP8O5$HZ>>/F^ MRE- YKNO#Q_*Z1Y&?M,F8U$;BYS3CI%TS2T/<:O):Z[;),I<@^.J#18]OX[A MR^@^7>-QP!'Y4M-,",8M;.\8"V9E5""+:">'O$7Q"GP-3JD.(.E5N77+JEJ5 M04S'4TGR0 ]?'H[%>[E+1HB43/*@B%6I!HLQQ.^(PK9%,N/U.*$Z@:9GS_.B MJ/+18O*I\/DBWTSXB,OYI2Z9H4;[E+XGP4S#T?" MT09HEN<&>'K<45U DWO M9X&5 ]OZKJQ>2F;:TS*3S#(FTS7S'GFK,"@26ZO,F&B:J#2*],O7= M0SZ=VN4\Y=X=7JN_:9D13*5E7&+0Y0D#5+S;0F&$,,W/!,GU^)O:(-(K4\-# M4=W!GO&WJOR\N'?EP\=\=OB-?;%'%B@CU+$H?5 H"!V\W1YXI.+W+8J%78^C MJ0MD^GV#[XOIM Z/GS;,J"!>!RT$HE(8PK *.VD-F+6X].\:O$ZM >E7D2X? M'M*!UID%(R\@J8GDE I.G)1;9YWSO,5-RN0:_%S= MH#((@]=QN_59_*1]%G @'L5 P&0P:"6D6WEU*L06M[A>@Y.K*UQZ8K.!N8U7 M\YOF^W2N;]ID. J02<&C8B' %D-EV#IBG3.BA4%\#3ZL-E@\LK#[?/B05S/0 M[>8@8"N%[]LG=Y45__PIAV_1Z?AA?:;[?_>L6M<$M7QHS"?5O^?39?%;D<^7 MU2H->\A'Q1.\.=HIJ8R*6#'9\)R^MY MBB\7SV/W.G7VC"P5P38>1R:.(4UC9+6J60QQ#]29I*>\#-SS M2[YG:K<(UKYL:D^/+$0K(\?2$(JXY]+HZ#VFC ?J:>1#YLJ?5)#Z#&+Q7# [ M0;2>AMQ>8E8)JK=%E9!Z5U2?)B- X>;V!2+F*05]_O)71ZL?=_F83 L3-$91 M"14(4]$9RDGTT7$;E$,D$R*$"'HK*$R*U==0K ECQ%,9_ M@=6F+V)-Z 3-H60E50T]05)>:IY%Y$0$&PD RZ&DY(]W[ZN5V7O*JK*_4R:TE\X1[QCSW(-ZCV.(0B/F(W>,-D]9 M[:V2]$5(3&>(#B4WKJ@VI102(K[X6,YK7'QSH%?FC$*2!FJ10#B4ZVY27F\^S8IR@*Z?INM[_*!9OEM7H/I_#IXM' M1]UA!^7I@V46-FH*8'./(M?!J(!D8#KH:."E4LV7J)YORSV_[[)WL"](!'=D M;-O6NI>]W<"98UH89+7#%#1'AYGQ?NM&0U;H*W5=]BDWIXOH@ SX9Y=GY!*8 M$A'I)"="*H*%HZTFA8H>FT@(UZ 3"2$408R1@*U- MJ7,M3(K>')A#L;6^$7$:AE?GXI:"1.2-=LQQ9I".SJ?KPRU%D<86NV)O+L\S M24@G^%VOB>E9"V[6=><#H%'8];$&=YS[5+@K> M4(2H(HY%=D$UK,_\\G>"WS6=>6FT;WY3 MQS-)1@?H#247._+MUR=AX+$J_K$L9J-]-W.=T!M4:DH=&'N>1<>]!P!AJ0P1 M!\P8IVS("RRNS(W8/;J#2]5+\S[J3*G1.S,<4)TW"P_CCRIHVQSEHE)17IP,D00;0RS 'ZNLW5K[U&$YY9FDX#[9S" M,M\MXT=5HSK=,P?;.@T1?@C$G9" !(F!!NP8V MAT-6GGJK4*3]KR$I+R,Z@ M'^U^_;=)4<'S[[^^+CX5T_HJTH$!,EAQ?:1<>)O651EUD VI]P*YAQM'FEV MNBU^O5I2=P"?=2WZGHQ&6]C><3*JJ)&,4"8%,A3S*!E>[_(N*"3-]2M/G4A" MG55L*(Q_;(&TB <2'#;($4Z8@.5>\A1.#,I)L&C(:[P;:5?G%[?3$!QU(\WRRT0RSP8Z[\_D]6!'I1SJ! M^91/OP'&3^:IGL"R.E1MHO88F0A"$IP/="]YOSEI7 MHB^$!\QX7ET@L3O%.2!-W[7-HO7"1@OOH V<*)\*2@6*O4 848TO,+?P,J2F M+9)#2P#B5$3>1G/XVP]TM0XZQQ3'"J8>$,!"F!';Q!\.*0QJ+36S#/98A.5X@. MIAJ_D!IU./+ZD,9\\F"9#Y0@(^$-HAKP-9H9;H@* #(VSC8_SN\M/.@RY*QW MJ =;MD:C=!'X_$W^-?GM 2WXI%H63U$]<5%K-F+FO:92.B<\=J Y4DMPX)KQ MX(TP;6YI[RT>Z3)$<1B\AY+'QF)WA%JIN".&4J3!YHTD&2:K6^ZEID(;WWQ# M[;P,]65)5Z>P/@I1]^5Q7W2P]%E0]J4MX.^3Q?W-[:W-I_!5\>Z^*!8.N#19 MO)W,_TP&= D?IWK^Z4GSF]O'+_N9X]_*59.O" MW]\?<]^<5@Y?;D2.?8B@"@*H[CB?=JCL#>BVD6A)IHKSZ^]*V3)@+&D/N0?Y MTM51!?:>\EE/YAISY6JW6'U8YF5B3ZIIWGKN]_<=9_<=>C=#B:_O1PY)K:;? M-FCOXG,?\?CO^?29]6J_M[]SQ^ CNR(>O^KEB7:^IV^H/*-6&PN.L^PV,B4) MHT$R*UA,B36* #;\ZK=7'^OKVYOZU?O'G^.^_K;X/^N-OUELC[;2;?N(RBJC MG35H33*34)]'%<7]R)R-I'L]=Z%.N:4$LQX%G\7,.]HN=_7+Y9?Z^M2XSW>Y M;?J42G,MM:8NQ,C1CY8@;;P'SQLNQB17HX*FX=CQLR,X$(@CAB".C>#;]S?: M-M_R21434@1I@4 (/!*9C((#'HD)5SVJ$9I9?=(0DF_.KH*(_F+:/"N2+I!@ M;8EUQ'2RUU^6V_4&3<\?O*SE[C;C_Z:^N7.@/BX_G]DFV_I!E39@%1%:T'WC M*&Y,=/V/%N:+.:4MQ M2@'1A@:J'T80_)@ML^9$A=+ C59JC=-U#UL,E> B/HPH MT1FVCAV-$?V@&DOX^63>]T4",BV?5+'DE>1>:9?0NE)4R"@/(3/G?8_CD2\\ M*#,LD#,A5DN7N89@%POD4G7-#""7K A7D7YQV@&8P%[=A6$-E?S#O@ M,\N S243;D+#Z=-B\^]3X]WIG_]SN-HNKW0G"-'M Y54RDGBA-6%&@U R'6)6R1$Y MH_TAA;.I@^(T7BWC?VZ7F_KZQ"#^52\_?-S5U_9+O5E\J/_8UN]O;UXNWY\N M:.S^V,KF@CH.- H;B%=,2LX/2#%#NQ?83A%.[D2!G\H51T-S!JO3/S;K;<<< M_/[6BEJ;UW5.33*:1Y.4O7>!.(E.=]_I.$4,N@1_"B,V X[8JZO;3[5@5@9C MMZ6[/K)2(B852>"$:YPX,49G'^9/T'X^NFP@ZWHDY.;*K8*L D0:7 M3$I::'] Q%G3G4M3^?@%A-^3;2TQ'8]E/ZVU[9AU_O9*2GQW[J.CO>6$^93L M(:V8N%+=T[+%K:/!5J;B* VYV:?MWH1TFW>2?&_,Q;\_UZMMW7VKPN#&V\L3 MFQS:W%XY)(/QE@@90"="F/5 @^(FBA2%;U2[/O+1,_9'>L5"!1 MEHZE WB1\C%KCEOU@!V"'STV3;2#<09.]\"E[):YI+5C8%@^JA'-0GZ8]E%) M)N>=DQ]$\CUKVKLA^HMIL\S!7R+!9D>LH^9ROTSKV<=644/D5 WXL:-IUN#!%?&$ MHC<; [JWDA,G2 Z#W*.EU(PR_^.2HT76I#C*\^3D?]>+S;N_UL6H>/^\NQ,F M';%$6DFG!U:"1F7R.40.?""0/#!^ MAPX0ZWM$2J;(-,^)?!W0G3'W\-JRW,-KJQ"B<809&= 34\X &B0'=%CL8?=- ML?UJ5MQKC^X\N6??[^I-<0+^\-2*.QL94$2':R%8/E/F 2<9U1Q[7\Z?A7T@ MG@$5>Q5O:>XB&/ FH*'!**$./^!^M"((WIE0P[6[G!FAVJ,X9,+[O^J;ZW?K MWQ:[_:'6/Y]C4+;UW[&W39TM_Y::.O:%39+F+9Y2)3 !I?4%E-$B6&!:KS3MQD=#0@F-(VX9W.U?5]O\O;!M_7FR_)JN?JP+Q;XJ1WR._RP[=._.INM+/F: MRB3F):?1,! 6Q4$XEW?'=]J43W.\U"-2^Q+GYZVAL\7\%[V/0YV4,=1I \Y2 MM%:I$\P)4$I8)P4EW:W]@3/U\R5O.T3'XN8?;]]M]MWMOU,]9_?*'[^I,DQY MGO/2>2,Y#L^2J!F.3W@IM-:C\J:9ESB-D-<#(3H6;XZ9+0W*.<[=6OF@B#5* M&*)V<5@1M'PZ",VWD#(_P'<-/* S;U$3I0) J$JNU)"+0H(%1YZ+VT8I( MHE1QW'[T#8E13F@-V= 2HZE9\-V^V#_R03/K#ZOE_]37_[6^V6\3.6WP='\H M3D).B5,A*.,!=++14"&B-"PZAK*87V7$Z$PJCN*\N?;R=%>%[@^M(@V@3/0^ M=RRDZ)<0*KT(PCE/.9'=N398(<3,N-8!Q:FYUN1LQ;/W5M(H=%V]I"0?A>6" M1F^6,:JTM]F83/.K8AB=.5W!FB*S-34X5DG.R0-U/,DC>-HC3AOA+16 MHP.37)2\6=+PTI,=RBE.6' RGR0,3EN;',_Q7-#HVHUZ0GRQ9$=CN79,=K3# M[/^19 ?5TOH@O,IE!Y)K&Y,VB5FTP@Q-IKLZF$FRH['0&R8[VN'U*QI\/*R% M*C6 ("9I]"L3522:X S:_LX3(X1X9LF.QL09,EY<&/-?]#Z15Y+<4N>#9HZ MESH?+R(B#\HZ)G2S$QQGD^R8!7G;(7JIR8Z$\RVYY!,ZHQ ,U0*XUT#R!A#J M>AQU?QG)CL9";I[L:(?HU%Y^J/_) M"$4T=]VWT,PB$=+5AQ@4Q'E1*A_^O5R]6NW+WW^O=WZQV7S-![-_6M^N^A/M M].,K9A0H0YA5:()'L#H$I8*7 @V3R,4,E[>AJ-&)@471G1\G,Z/FAZ8@[ M -!3$[=+@80,C K/K?/2 /6H7@AG7N=S[!0SL7M+[M$31B-1J25B4W/BA('1 M)^/8Y+&5DD(H3[CB.D$T9-^1VHL0T$$3&KI;@X-M:YW5,E4$U7GQ[YC)4(Z* M9]]0X>(MT!X!%H4!'D K[X0G6A(JM14SW.8Z*U:6!GB&!'W"-"A,T%-OJ&0, M3$6FK9<.6" (F>12@M$R,:*Z=Q4?;-OL_ A:$."I"5JF,,C')+0-.GH+>Y\K M:I]PO)Z9X(GHGK#0SY147:&;HDQHGPP?:!OVBQ7^L7ZW^'N$%YS>VMWS/2_K MQ7:H,=P]VZ\_?5ZO+/Y:4$F_K@17O\[^O2+'2J$J3L'O*RWV[K>?U2HMU>; MY>?[T9PMH#MS9R4)B92ZX+F60)G0@7&@G#--&/.QD[EUF( M65BGJ^".W5)):[DQ@DL( 21C1E ;!:$J(3J1CEFMT:H,KHBHUX. -)95_-3G MGBWU.7Y39;D*W"I@DD>;75.BV+Y&*FK@-IH+K4OK+]4&-!D&PDMEDG:2.9ZD ME1Z 6JNIEXE(D9RV/+F)B'*F!&Q,GK0#:"P:O-ZL<07>?7V-W[VSJ^OXG]OE MYZS5SI9UG;FS F64%X(%P3EHDC?K$E3FX*E./LWIW.Z2PEL/"5)'4FPWN^\( M@7][3 ;\4?5FL?I0'[$H?OA]!4$GGH1(D3@(T1K/+?7$"9:(Y[3[[O+V=0*3 MF0]]$!EG[J,K*N8(94%&EE(*@,,WTA]4EY=,79CV[RB4QR(=!ISY2#T9 MX2##8'1NN.ZT$<0Z0R2.0RHUIL=X7E.7E6F[H0\ILM\0OD^WGTX*[8=K*D;0 M)K&)1)[/+A;6"$@.=- >46 ]SB(HKD\[H[XN,_9!Y;;X^[S;/1;3O7A0:!N\?TC<7VT^+%;W/?_Q [Y; M!%Z]SRG_Q>KK9"_VZ]5V?;.\WE_S>K%!+%[]M:HWVX_+SR]6NWI3;W=3I[U_ M^,:\FK[[N%C]Z^/ZYN9K_M;KM[=_;I?7R\7FZY$!Q/?OZZM<5.$_9F,]U^F_ M;) T'_2]52!*::_ $$$A:>J$TE%Q&Z60R5-HHL@N!^]S"?O!WEE%!^CP:C": M % I3#:-C \Q$B&L'[.#X\ET_TS8MIZG7,8L-6@4UO@!F#W&)U(!3U]V[ &+BN8 2G6A<$=,@+V\P<>31N?NKPB$HWZ MW+B.V+Q50_B WGZ.KUM&O!3D I,/?65WD@;#P'8)3.',.BV=YL0RD"G:) *. M5G(+@=-QSX%NE+ 8@P?M0&DFYNUAZ-OZZG]]6'_Y_Z_KY9V8\0^/)8P_JE[6 M'Q8W<;5;[KX>T1=/7%59].-UE,JYQ,"+Y)*PRE*6:]1MXMVW' V<0)Z/HNB/ MZD"$N/N>H]/\\245I<$'[A5QT40>3-X4?[^:T2"-OC ET$LNZW$PFHGD7?+: MXW"L$AZ"9AJ4@B0%VO)"LQ^>;AQ94+V^NCF8NCU]< MQ4"UT5HP%Q,HF[>)"1>$ N6%9J;[%KSBR:WN(*\+H]!97J]W5_=MN[ MO]D#Q^37\/9*<^JMU-Y)XP 7?@,@=6"$&.<0KAE-P'G&?P8$>ZS3YRZK>K+A28.[T<[0("S)#HD%)[AC4EMK@>D4I$AC MFN472;+AL!XRHWF?%$2 =E_WS2T75_G^@9)'Q]XV=5+FR'0QN;BO/_RF<4/_%L^KJ).(1F(I> -< M:4LE=R3IR"A%+V?,TJF3*8UR@C[:TW\XV&:7<6B^W\!XHO>Q,F$3Z-R,.6^Y M$(0%]+*X&K.+9L>N_8.(]E3:^:05SV%LH%JJI(5@/+@476#A MPN) '85RI&J],#CSD3K/IWPZ-*4XC@O]:"O0V4.;B!*)EC89]9S*ECL1^LJT MW= [^Z=O/Z+ABP8QHG+O[3S8P,O5HVJ=Q\YIDWLK!I[Y??S#"&!.H\\-+,C@ MF5UMY9OZ2[VZK1,B]1TVIQMH'KVG0@?&,:XX(9-Y% MD_)F.B.E9+&'-3>8%SF875<*I/&(\"00]VU[MGDT]Y&:/KF* MU@/CUD3F&!PD\L'2/HV.6C.E1G#Y5<$3*' U,C OV0,&*(S;R_C/?U%=HJ1T_6O#( ME97UQAE#:3*!HCXWP&*\'YBG+,RVE]($HEV71+*S1_3CF_,934=K%DY>7RE- M'?54IB0L8YYKIL/#]RH5JT?1@7E$)GJC?UR*O;&9OTQG%9"8ARA+B?#ZRW*[ MWFP7ASVA]P>F+7>W>SOV=!U$L[NK0!)CP6@7%/'['K;DL%0%Y>V,6B@4DLEZ M:(PZRSM^^GRS_EK7V_7[]\NK>O]9U\M-?86(GQ%V@UNK&(FCTALE 62(AB1M M'T9A:7=)%X]"#"#I\@"-%8&X,ROPE6=:6_YP706>1TJ\4A:=9^<=#N6PX 5- M^9@AIPNQP4K@.!8GNF/S;72KZ]R [??%I^.&P9"OJW00U"ICK?<2$N-4^,-L MBUHJ-T];L2=+'CN3\P'V%W7+(3PKD_@9,':JT/\/L=BSS3^?O+[BE@2NN97) M6^6$MNK!=HQ1LAG9U_,0\4^A_?Z@=L\4YU>N]^T4LKWX5SXE (=_VA0_>5,% M7$KG$[54YD9M:)<@,/=?[H6;X8&BLZ!#<60[<^)QAB:/\0PC3MQ2N4CP@X7B M3!HC%:5"T,-7&TIGF,6;#Q_*X3J12OD#I;9]\_:/MJKEQ_LJX@4@\X$&[P)) MQ*.[>A@K1-*]2'VP SIGP:$AP.VG:F[SJ[_@Y]37N+[=KJZ7^W>E8>WV]%_KB)BRW.>=XN_EVFMH0"?U^7U0!<_GX M-0 B4P1C\JF2!ZE'KV;4578.>>R+$-+E3Z+?UZN[Y>3-^N8FK3?YIDGFSE,? M4NF(JY@/AD),!K1UW\RD%$R/?;'STPYC\7:T>59 H,]H>MWM,)QV9MU] WJB M+M)H%3'".&Z)U^IA2?91-NK[]UPF53^2CC^7.HGP\J?1/_:1E!>KU_5FN9Y& M/_WX"97C0BG%P$1J$]K8FLA[CBBB?(\CKN=GS#V72=1+@I<_A_ZY%]&D<^C' M3ZCR/C<9G$1+1>9H"$@7#Q((3G3//4P77'SN=5EN0&"<@J]&AMM$8HP0^2(V"Z M5Q[,SQB<#\ M#,4Z_E-U:,N[[0^,OW\.;\Z0;4&:S MGW&-7=I'R,2_Z\W5K*]O MKW:(YMMZ\P7QF;JMT7??M\PG9MY_]LL&38O.W5I9SQEWD07'*3B1')?&6",E MM9IS:'3&]:BC/M=EZ-1M%-0N@RI>:6<6M"29Y2Y0AHW8R;];O> 0B MM,.D\YXCO]A^W/Y5UY_O%[;3NQB?OAHYR2A5N/PI34!+,"F?TZ>MC0B!H]T= M_N+%KH4P7Y?&I/N>L<_YK)=]/V4>XBN$Z]_((W0H[ZET=D_QT5LJ900GBE'-(P-F MF?&62\[1-LFI"]%=N1;/] X@S'+ #*D_]^<@9:/]'W4FW.>/RZO%S0F[^NCU M%3710Y"4>2M!^>"T#$*X0(1B4#E) @.L)H+L,OE@GB)5">&(Y$*<-%\92Y;6B M+@(;]4R*1F;V6&QH!\Q8R0^_7NVW'>96]?YVNUM_JC=NL5UN7[W/D654;6>Z M 39[0.45JD +4AD:<$)$7'+!<^8]#8F&.&;[D>FTQZ"8S8A:L0JS'FJN1YHS8$?G1:6'V^N;.!H5%++??2::R QZL.JZSWASTBI=9-V M"QH- ^FS81H0'30PYI@&YZ01G'.?)&B@QKMY^6*SX%$KP,:BR;OE)]2IK][O MCQ9[GT\W_\=Z?7TN2][B[@J9"]5=1L;>CU## /B_6&0; M:+(Z10$*I['B02F@R6@3N.AN60^IRZ;G5#O8IC1\WBYNZJW_N%BMZF,)JC:W M5X*X('T4Q+L(!E +Y%A'-(1K]$)%]VVH[3<(3*_3!D!L+ESI9"C__(!*:2KKW T7:A:*ROYEK0:!MKGQKPDK>61,1HE >&C,=XFRZS6 MD3.9YGG*QQQXU0ZX(?.GORW^SWIS^-+MB?J*GR^L2/3&:NJ,XQS]6=",6AFE M"\D1Q4UWRT9=D*(J@LV0$L[]WU^]_^$33V;(CUY?!6)Q+BC.M=(>+;,0X&$U MQ*%=FO_45W+K"3"[#*(HH:31Z/DINJ_FM)(&H[@6DO& BG16>F$4&K1#I'.9 MY+?]9:FNCQ](_<-556!)(!]QH)(#?I[QJ):B33111PP9U4%MMEVR^!ZE_K", ML#/1KS]]6FXSET]N'O3XMP_KS5>[NC[G:3_CS86":#2QB,M20S7.#?-.&Q(D MB\0YT2@P/.JH>VTNI +U1^!),<\@,&4)CE18A7^G1H7NK8#'WES86&QM-A>V M0V?,S86MR?-ZLUQ=+3_?U/LIC8[&=ZM!O;W:+#\?QO]YO=GAY']8#4X'IGH] MM]+:0C)$!N<-1,=M3"K)0)3.#A,?L]:DG"/0F#7KZ: <*Z!P9]C\],5GXP@G M[ZN$U!0UM=!*188V,/I8#U5B"Y8H28$2-,2= MH($YP4PPSL^SNF".K&H'Y%BD^>=BL\PKN%VM<@^@LT<'/GE]910!I;S.[5LA M1G3:&%%@J:>0>R+/\%2X0K):ET=G+,G_=KN[7=RDV]7U6:$_OK3B%@AH$-3I MF$,T3B%&B1L1C;8!NNN:P4[3&$;>/8'I'KJXV=6;%1IB7^H7^_ZO^ZY=I[=X MGKJG4BH!Y]KYH"00XZUWW$B&2V#*B>KNVZX'Z^9;5J"E$1IK$J?EW[F?5+.U M^^>+*^V82(PJP2,!!$M3F2A/G 7*@H3NOO!@_62'FM^M[65[<; MA/S$MN[3-U241^%XE#)) =F")5IJ1;Q3GEO&NG=8&JR;Z3""+P+/J+/]Q>IJ M_:ENP8 3=U44HK$)772( ;PC6D@7"4&.FQRZ[]XN9;#^F@/._R(8C<6%%ZOK MY9?E-9H?K]HK@0N5DYSM%HHNIQHQ0K"P6K#DXK=\\OF,N19#)HA MRPEZ]T2$$)@.0B < $9JR[ED5(88T9 A8SKDTR45"J$S@IP+-+H#QYBQ&HR% ME$QN$6;#79":&V6 7E@^H+_L&K7"*XS:95 E,JVD(S:!TZ"HM"QR8TT,"&@B M/6KDQ^V)6)0([3 94L[E>G=%1D1@U @; :)06B;!27(0M/*RQ^% 4W9?Z:($ M2D$TJ-B+]6(B^/0H CB!JQ2:H,H9?5C33+"7J D*"+!1MZ;"T%T&7Y(2:/ J MH*@)@?)HO/0*7=J$5C W85X;$<9D0SM@IMR?,D3OKA0Y)Y0@NVTNX)7:<9 ^ M$J*2]M;&$5,!T]4R04E/CC.01OJV@#BY,^0PE_ZZ] ME0K#^QP9J#WA"M=K%9,'PD,.W3A#8Y+:>&[DK-39W/C5#KPIZ5.J=Q<'PD10 M3!%+T620+G?Y9(EK1"%&W3WC/643E))JK@=:<^!'B8Y*,A(T ;F5:%WB?X)A MUAU67>\X>49*K9NTV_=<*@SI=%L8IY_+9B6K,@ZX* M]NX:D$?M !N+)L/W[M(AZ_>5-?V]WK-0+\8H7C.7ZH5[,;*\NL]X:K MF/="L.ALTA&]3N(X,[F<>DR2-*M&*2S%QQPI"=<$Y'CUI=ZTY<6/]U1$&"N< M LQ1(EK*E<*XHP."QN=$KV0FM)'*MWFC['L16(P/AEH*_%(MX+*2 M[]:.K3"TSXUY8 (U3!NGD@!CK14I0:)"$"HM*O)96L%SX%4[X(8LM>C3YH\) M)K0EUC/4\!"I=2F2J'PTC";?8V=L^^KY:6NP>F,SI(0+MOG3$BVQ%&7.G7DO M<XS?K?]6;QX;L.T9#UE%<*X564!QSOT2_!H&-Q=:F06 [=!:_ M&@2V;3^%[C2ZT3X9HBA0KJQ32CC4BU9X(L.8>91R+D1CUA1M$-@.RK%,C($: MM0ETG+D%ZYV480^Q/%C5.7%P89[(R 1HU\JM+-27S3LKE-64::N] ,T0%B-H M4ODGWC$[SR.;YLBJ=D".19HR#0)M3,%Z(R&9W%)1:V:M=DP[J5$#R%'7GA)- M"!K+JE&#P';HC"7Y/@T"E18BL?<$ MIG/?D.(- KD./@2GJ) :\FD/^#MI\$!\ZBS0B1H$MA5H:83&FL1]&P3F M [ULI"K)Z" )-'2T-)X+S[1)ZH06#7B=P;FK$$7JI!( 3.%.4$#1H+ M$BR:.YY396**H#FYN :!705?!)Y19WO1!H$ZE]FC?ZZ)\X#KF1&0,4EP R05NFO_B1H$=F5! M(8#&HL P#0)3D!Q,=$0;0-,F&$IQ[!27PN2][E&+-U&#P*YD*(E29T._0(- M(YP(R4A49P!1@A:$^-S7DK)H*>U>DCU1@\!.IGT):(8L1.C;(- @#K@X\7SL M/&C'W#YTE<_O=%H3?YD- MLF%0JA,X*<"W1]$*HW895"$I>FYU,. <*,8-^K">RAS8CMS;>>U"'HD([3 9 M4L[E&@0&@0NET)P:0\$+I6/*F0O"??3)Z>ZM@*=L$-A%"92":%"Q%VOXAM8F MS59,-$DF"&!<$HS8CO*%12>HE/0IUB#0$RN=R;T^'"3@ M%APCVJ'?!RIXVYTN4S8(+*GF>J U!WZ4:-L6N6.!Y3-HM! N$JNI/JRZ/,)S M4FK=I-V^L5MA2)\+T[PB%M?Q?-)% A.$DPZ("EPE2Q/QW9NC3-L@<#@>M0-L M+)H,WR#0*,4)*FFJP8 %:;D'1H(1TNJ4>/<59\H&@5W55GG 9D*40JW:' !3 MTG-P"A==8IQ6_+#8)A:B3'/I9U> MIPV V%RX4JKWDHS<.@O1.R9X0B0X>\C6$!TO[22L823?K3M386B?&_.$),;: M)"*N^:#R<M761JT0V0L.Z%\ MUR^CP!//K.?<@>!"ZP A2 BYIMR-NP(4ZOK5M9U0.9B^T6&PKE\O5KMZ4V]W M=WN]?J]WK]X??A3__HPSJ#[=Z.O^\WI^Q5X#/\]>8CII?Y>LCA0FPMGF\OL6%8U0[(.6]Q&U%XP4!9ZF)4R&&;D@N'%9&2B]RNU$]VC?8K%D;M,JB" M@Z0Z:LVDL*@L4P8P:"^#)HKR'K6ZHVY<+4N$=IC,I,*D0 &OAIT0*X83G5 M#K;SE#G22NG'A7A]6(A_ ;GBI[?J\?^+W>\WM]X'=A)K5Y6<4,\9)3F2). M69JL(XE$E$9TW'IINH=:!NO0/#'1!D2W- _OG8/%@V_0BVAGGE8!LY8S8(Q' M"S(0$RQ$!ZCOA8U@NR]9@[6&'I5)9>$K394A5ZAV4T9P3;05V?-%&Y(;)PP: M$J"D _2!8$S1:^N#\K%1J=CEU$4XG=MQLNP41M V1[RTYCH*J8360_WJ(AJ+ MK4U=1#MTQJR+&"?G8V,@W =!41%27#H=)S(E[EVD)/78]S-EU4)CF9[-^;1" MYS("^3PY$Z14/.[CWBZR=-_&AN;V-I<6C^LONT:A_L*H7095 N BJ_+!LY$! MC4+3@(.2EAOJ4TKS.F]L)"*TPV1(.9=K5IH<]22:P A7P S"!&C*ZF0UM<:1 M[F[EE(G_+DJ@%$2#BKU8\\E I>!.\DIX88S%7@\K&E<6'.!FJ" !NUIRP, MW67P16ACB,6/9\Q 0K,;75T7$R6$*6?DO'(J8[*A'3!3;L@=I%FIE_E\+NZ9 MCOM:"L*"3L)"I$QJVSV:-&4U0%OM,2AF\V%,N5:1RB;IM8[:"9M"8"&2AQ74 M.LXN3/D,)?^NS20+P_L<&>C!$Z$33FR1P!3\:@?> ME/0IU:S4:;#)$!CF@6-9]>3NZ2:ZX'6'/A1HH6DT3HH M- 83M]$[P@@3_"%*Q%UX1DJMF[3;-YDL#.ES85H,'M4[.AQ*"!#<6F4)13TO MO2"4Q#$WNQ9L5CH@C]H!-I-BR *UVDR3?(0&C88JP!7=2(Y VKR\XV0)W6.X M4_;8[JJVR@,V$Z(4JII-*?EH!(DA&\3&*.Y!!:Z;R>9NE9[6$ZU@VTTRMQ_\Z:^MKO7:P3X MQ0K'4Y\]"?GTC17CRJ&;&6W4 DT#;KBD7AH:"97@]*@&3[.:M<)2?,R1DG!- M0(Y77^I-6U[\>$\5@HZ121%$D/N&1A[=!,N%YYPS1;HW.1ZLKGHT2O1":DH? MJ71?8Q9P(E@%D6L'21GKHV#*>VH8IU&&SAR9LE=_R:A-3\3FPI5B?8UQU91, M!6%PAK@81$KL8*@%<7'54<-(OF-?X[+0/C?F*<)-TEHI$CE$QIP@2EKGP(H4 M(YU7=GU.O&H'W)"E%KWZ&A/CT3MD&O\/"LE/5%0!/$F1 M#N_16F;,#?I0:K M-S9#2KA'M7JS>KS>?[I)J$^\.?'H$^Y]N[>WNXWJ3!?8'?LWFN[&\OD$* MQK_1N%ENZUS/4K]9K#XTVE,XS LKQY(T"CD?G$Z":3257 (.(4GO&Z9Q!T+X MZF-]?7N#2W"/H;NO/P_^W%[&85]< 01OC4[6HF&J,E36;S=]=5 E<]P@P!11U''U'@T [?9U/J7BTQ6'^YF4FZ M,Y;]9)W6MYL&HOYV6:43MY81"3(F:J)F L@A#F!"C_ZX@[6 FY>D.T/94]#+ M+TWF]+?+*F\, YN(DEK(I(S&CSM\'1>J>[RK??W_90JZ*Y3]!/UV^7<#.3]< M5049"0,C/5@KF(JH9^SAVQPAW;.$[>O<+E+,79&\2.I\ '6MJ'/^"ZB[+KCSUBNI HC#T0(R@\&_/?(;THN20+F7;WYQ,Y-J>F_L*)< M1J4D8=3G_3-H$+B#&1!TB-VGW&4$/8I/N8L3Z?.*[?/[1XLNHRHX.SMS-XBNTBE]O.H3ZTJHRFQ MEI]5\6B)=RPZ2?.1?48)PPZ28MK&SI/K,B*QLU5:P\IQR(+U(_+Y-N)OM=OV M:K?\LMQ]G6?AMLW?^&%?K.F^?KOD]>)K_I']:[&Y?MFY2+O-PRN1MZ>J8%&P MN5D\T4829YSCT4>MR(P+LK\;YO;8./O67C=^1Y64X5(XEZ0#T DL)9)IIB$E M84CDG1>[4=?7TW:CP.\_4/?]P765)5/O!YS(MJ;WFVE,= M??#!1 YCUB$5K5@>@ +K;;Z%;76?OG/84=*RO[O:[BD'STN"@8 M'ICG4K+$F%16VF1I$)?:[KHC?1KY2O-"_!?9FT/O(<:HK3?6['=&6(-+4 B4 M /-)S.S>[!V']9T+M%A=_W7G.6Q/UZ&X=O3N$>&]/%YQQ+@>B!D.W-B/Z@W]=7R\S*/\VFC[,B5%:-.JWQT M/'@!AFLGG.6:6!IEBF34@Z\OQ"PK@V0A:6!2+Q8 7W3M !)S.'1T,M\03#VDJ(1^Q \:1 M<3M(.HLP?OI\L_Y:U]OU^_?+JWJ3%^-7F/ATS"^ZA*M"$+@<$!", MVDB4H8FDZ 7XD:)TE]AXKKBE%))>&(^&G"*F^123$HQ< 2MX^X;CN87)FY, MF<'"Q.W ?H9A8NZ"URZEP!6%D(]I)-K@"IT2,P)7_.*N8>)94;D=GK,*$Z?DE% 1?28-(O>3!**H%]I; M#59V/\GALL+$C078(DS<"MEIPL3@>2*:XDB5 TJTUCX2E[S2U*ODNK>=N9@P M<5NSK R2TP<(I07CD@3NE>,&"$6B'I2O$]%!88$'%.P MA#,#X)A6N8F"LT6&[^N;BYK;_+ M'*!5^UN]^[B^7M^L/WSMW%ZBZ-LK7)NE98E'&C0828U(PCA&*7?41CW#'OQ3 M!IQG)Y!I=RW]//(_FXP\_OT9YWY]G?<>M]^35.*E%3,.DN:.12[ 1%S0"!J* MVC&()HD>!R3.C_9#<*_1IJ,)!'61>N$PX'^N;_ Q-\O=US>+WKZRGFR??O MKBR@W1 %6JM) 1'"@;*,<12%UF@4=]\5/G*WA6<\2WK(ZR+GR)OE]M]I4]"^=_7?MXN;7W6T9V)47GH9(PL4 M1+3$,FJ!40Z46ER.DVB4W_M51UM7T3L0@7BFO"7,>ZY).N"(2\9SJJ-M3)G! MZFC;@3U0'>T0A1@BFIA<0N\Z6DH9<)4>H"5FU.-<)BK$:"S:,X48[9"<00H> MC0EA;"":J<0Y<&<>OM<$%>=Y[EEO])OEXCMA,W^97D19Q;BBO(PT>^ LY@V) MDEME6-+".W(8A69L5,'V2K,WE4;;-'L[@.9=/6,)NH!:,!N!.)6'X^BWLNQ:RJZ"'L0C,8*YG3;H^2"5LY"5-$3SGTTPCU8( C?F"FI"['!2N XFP#? M!6S;<#(9PW62$)@1G(M@Y8-\\'_SM!5[LF24K4B=@/U%W7((S\HD?@:,+61H M#;#C"%'ST>%;=/ >O$]6^\.7NV2[Y[0O:\=18P$VWW'4#MFQ5J\W]7:W6>94 M^?[KCU+GY/65()J:?8K0$45";K: S6E 2U\R+RZ.7[X9U9 M0D[<4DDEG#=:"N^%HII+H^ A,*%Z;%J;KBAFM 6D'*X3+1]_H-2V;][^T789 M^?&^BCCM T^&*2.5=#YQ(1Z8;UCW^MSIBD8F7$YZ@3L;*_H8?HZ0 M@R'RL\?>546>XV?6"\)48IH)RQZ,3R::I6MG9C4-F'"<&/Z)*=UYY\^A^$4Q M 0H82,>9$DDH8=QAM-&8[MG(^15G#T:V;EB.%B&]V4L-U^\GOSX7MZZVIPHH MFCV@E^7/(([]/B5 ME;/4$DH<_O>>P#6S[>K&\/EU[7OS=)VOL1U"K^X_P-XOM]M7[=YMZL;W=?-U_ MYP-[JZD2(%R7$Z)UA UL]QX3T'KP!63S7H5#S/VI[[[7.WYT7LJ:7*= M3LBGVAE(S!FCG53)&X.SBJGND>W"M>1%9;8>!IV!BK\+Z> =NH+Y;?>CO0O& MGRY6.GI/I8@/1! OO&2@;3+*@Y.0E"2Y@V'W'5P#%X\7$/5C%5<(H[%LL>\_ M\VQ=QL\75RRBWB?0A"W%&(40[9$9UU][4GV\W5Q\7^23L]8?-XM,Y M77'TIBH0GQNL64E=7EI1(2-X*?>FU4ASUCT8,'"5ZP#*HA1(TU*A63W?D=LJ M 4()[92/RBDGK,-7WZV"@1!'U:5JD *R;42786"\9$:I?-RK)RDHBZ!::@3U MJ&&ECD"-/3=DV^D'SZ\(+@Q@A#K/6H-*BQ(U/_2 M$FZU)T(VVOAQ">$%=,6)ML):1D/N2!^<$/?C= G"F'YB[_!"8YDU#B^T0^?_ MH? "1,L1EY H1*&<](K3 ]0LF#&C4H4LQL:B;AQ>:(?1I?B*)@"S)@860G32 MFB"M/HQ*$F?GO=^H@+3..XW=('HN!)BG+3<'N<_)GN\>+" L4I;C(DD3 0ZL M\O(P2F/]F+LNIE[Z2X%TR:Z=]UQ!5((D':ETTE!V ,\+3+-$_<545J18:N-?U9C^.IO0X\8@J#Y]R*I2/J)<-I^#X M'0(&_V2[!YD'*\D=C2OE8)N$.'?M5N_'D#_^KMEJ4](5+R8>3:S["D=33"E(&L\V9?O_[T:;G-FC?5=2Z&0[9^4X77QY:,QO=63ND4 M3/!::$(UD(A6^_TX9/0]FJL-MG5S"-$/A=>@J8;;/[?U?V[1,X]?\H;5@>HC M'[WE\=^GSF<\^IXF28QCMU2:::H%0#2>@T(.66>$W9\Z"Y":1?1'&>79?KQ/ M7%XA24F,G C/)+#LK*/OK@617@3@OGMG_]*M=7N+Y['_T!^->>I#$T! ME/0:! /'DN'XGQ2L%L90H&/V8&[7N:V7G)M'J-KA<\D1"%27J-^J5_J*]#Q%A@'P,EGD M& D!EUO+M,W='%R.]](8K*/HH[LQ'9H6NF0TCK2#9R(*G&T\]N3UE3-<$>' MRD#!2ZU3#L$Q 8E:$\>MI&BX4[F_G$Y+OA,R8TG]83_O&8OAA^LJA8J5!"-\ MT@:23\82FJ@PTEJ7(J&=I=P^+#V=G= 'DM'%>W8U?W1EI45BP%G@7 .S HU= MQN\568@X$2[4$N@HM&.B'P:L^;,#1\*\MC$8A0ZTU(@80ZTHG"66 IGGYH=A M9-\.BM%%^WKQ-:]R^33%4%_=H'-['19??UNO=A_MZOJ_Z\4I'=_B*97.&Q$M M#Y%X!4ZAW4MT1'HSC1:3(:,:?9TT?_]X]G!P344;^VE]NVI2 G'ZQHH!2R%Q MFW1&4!*GJ&=,.NF-TYYU;X8^7"^RHP34_5<^0IU9U# M%G'NN J&<,08F*BD0*-,M=]P]=P7:['4#UEX!JV4N+3I\7FZZOW;YOKO+"N%Q]>+V^65XM!SM5N=&['TZ@?O7^A_/!-K>?YE!D\?U)W_4N M'_+]JP$I]HY*H\7(9/" 6@#RCA\O M&(\<34D.P<9&.(Y1.#(1>];SP'W6)2H/H+BO]Q#D5Z?-7CE=?3T3%6QP=\5U M<,QQK[CP8)PWB47%5"Y/AZ);4'+9.U M'E&5ROL($.@,SX,H*L\&7.D)V>AD<5\?_OA?RWJ#[__X]67]I;YI;B*=>$!% MI9+21R%4$.!(ZUO&6.R,LWGHHPHH_=]\BZ7ZQV7S-]L$^*WHJ+W3BMHK:Z%C" ME53Z[+R"XTYI7&%%L Z\G[/9/6EHM""HT]#G <;&S'FXH_*&QGSD)3"F0'N' M[D=21.7:/YPI:89-&>9(FJYX3I]>G$.:\4W]>;W993_H[5WP__S1.O=PY7_] MN=C6__O_^[]02P,$% @ -8A=3WIU/"M+&P$ 0%4- !4 !L<&QA+3(P M,3DP.3,P7VQA8BYX;6SDO7N3&SEZYOO_?HH\LXZU'5'J 9"XVNO=P-7N6$U+ MVU+;ZS-Q@D%5I22>J6+*)$LM^=,?9)+)8MU8 !(@4W,_=*OM,___R'__D_ M_LM__[]>O?H_ZM?7E6DO;V^:Y:;2JV:^::ZJWQ>;S]6_737KOU0?5^U-]6_M MZB^+K_-7K[9_J>I_<;U8_N4?NG]\F*^;ZMMZ\0_KR\_-S?QU>SG?]&5_WFR^ M_,,?__C[[[__].W#ZOJG=O7ICPB ^H_[O_7LG^C^Z]7PQUYUO_4*HE[+#BAD^./?'OWYW^O^3T,AQ!_[G^[_Z'KQU!_TCX5__#]_>OVN MC_/58KG>S)>7S1_^QW^IJJT=J_:Z^;7Y6'7__NW7GY]5)_[8_8D_+IM/G=]O MF]6BO7JWF:\VK^E'7*]6]Y[0.20ZAR#M'/JO+SQX\_U+ M\T]_6"]NOEQ[>_XX0G^"X,UCL:74]2;\DB+RF*L/'YA9[WO?=)N\BA\_,K/F M[8MFEU[S?-5TE+]Z.__>]6%K^6&]6- M9(8#8(USI";&4<*TL;.^U%FS?/7;NT%C_ULG5?&'&#WJ\MM)^?E M=WW\-J+_T8MZU:NJ=K(JN5KY/]+TO_[SH/'_^>]_O O^7K6TET^]9[VRC_/U MAU[>SB;]? [K[K?>07@KM?^KWD,?5A3[>6I:VIK_'67Y;2K70NY M]R++U675KJZ:E<^^AK\T7UV^4,.[/_''R]:G%%\VK^Y5=I>%G2?8]BRM8>NQ MM^0I?Q^!HLO'KFZOO:2^:-45?2BN_]VUO-U\;E>+_VRN?O, 6KW;M)=_>?.E M^_E;WV[6ZKO]UJPN%^OF[6IQV?S:M9/W\P_7S8P0HZ7@3DJI$4,,(&AWHB4! M4,\V^^[U19J<66H,;3;/) WIR+FHMD%<5(/^J@^@ZB.H_MS'\#R-)EGW89W( M#U3M63N9D35>I/\I6Q='^J>)O 33Z+^F8D8[R88:V?_EE2J_+=8SBZW$V#DM MK."66BJ!V2E5C" 0U>F=0=\)>[K#H"ZJ;5C575S5;1=8U4>VPV'5Q_8<%+OX M8GO!<[P!@5W?Q"L_KK]+J;$RO5A^6X]U76>LQ(GT5^=TX&$G=?;:.$'/]%BG M:6_FB^4,:FH51UH32AGC#DI(!J5>_JEZIF1]A7NFIPFUU7:Z7B6]]HKW*B>I MN!R]RDMU-K5^Y3ECR_0KHZOQA^]7QCN0KU_)5!LO]2O77Z[GL_[Q;Y;-GYJ; M#\UJQNH:(X2 @K7#@E(-[;X$8#D)Z0]2GEN8XW\#^4\ 5J^JOT'D)P#"R)WD MSW'BEK8FCI1;-'HEU9^W6@*[M"1CKG;K(OIF<#:#[JF(-^JGT/ZCBZ/O%8"H M0=\G/!'9$RP?$_]Y&3Q*>3N^]F.9]_[W=E>"4)HRQ:VB$CJ-M+$.#R74EJ@X MYH4_MS3S.M3US*M3F!?A3RCSREB3PCRO))EY$<;$,J^,06.8YQ5E8=X^LJ/, MBX]_*LQ+4/Z(>:G11S#/5]3 52PQ!D@ PJ"JA338IY!#&=(Y$TF]B">7YEX] M< \G<2_&HV#R%;(GB7V=EG3ZQ=@3S;]"-HTB8*7)I_=. ?2^)?A$/!_"MC3A+_O)1T M_D5X$\V_,AZ-XI^7E(=_^]B.\R_>@LGP+T'Z8_ZEQA_.OW>+;[L2#+4 $4$U MD1(C9OW86PXE* !8'/["GUN:?FR@'P<)](OP)Q1^9:Q)89]7DHR^"&-BR5?& MH#'@\XJR<&\?V5'LQ<<_%>HE*'\$O=3HS[)^Z/5BV?R\:6[6,X4<%/, &:M%J;V M(P_#G-A/NB 6-"28C-C2O=OMSKW^<=&S?K,_9I255_AMZM=*V?L)_SO^OKOOU8;<,YV\;Y MTO5SJNYOS*OQ5]@1CK*C9)\,Q=7V&3O%$ MU7S2OG&WWS7D?9A^K_A\!9VJ<\SPBOP5]I$Y7"G956:KM:@>\T,F]8]5_UNS M^/1YTUS)K\UJ_JGYM>GV\O@?ZW;9YP&W\^OWS>H&S6!-+6,4(*@)]5&);H73 M+CIN;'R/^@/$5+C''72^FF^%5JM!:76]^-A4?_>]F:_6?S^V"_X!C([IHG^ M<";;A1_$?%$-X5:[>*M]P-5!Q%47\ADZ^O-7\TN)P/D5!K^($TH4?B37GDHD M?B3]$TXT[OT5U7Q:++M0U?RZ.V<9SHP1U-6F5EPS+8@F1M=#B,:%;7O[(0,[ M=W\_[EMKWY? M7%_+Y=7/2S^._[3P>N1ZW6S6=S?V[!?Q.<<0M@ !*7_%U):.VA8+2R6SJB7 MCL8H4V@Y?@XZ^R7<=TJKK=3J3NO95O9&.7F$7&5J9!JH*11;>XIW.O4Z*[=8 M+C;-Z\77YI&:[7TBK&9"22UYO(_,0_/97OABIY=,/);\Y:^):?"S1&#/7IZ4V;M0 MKY>]Q=>2,H(Q36 C& E#:<*#>RV%M91:PEREEN8G2\T MW _?JUYOU0M.NHLH:R6$X?-<_L?Q,ZOU10@:X>,1A):HC6DPM$AD;?EW.1M% M[\K_97XS7/$@D7*<*T0$PEI#8.J:#"H814%G498J^ZPTO;C7H#O5B1?Q9*^1 MT5@M7ADYT9I2#Z?FZU.&IC%V5-5,GK/CH@MG;087,_#V]=VI%*I&0DN J2'< M 8"D'HIV%NNHD7Z6 L^;IZ:?,)3'[=$ +6-TUH3T?,?[A/B6!L=XVR=/Q(20 MPC&8ZE<&]KG;33?7>M.N-HO_[#_1V&_=UYJ[Z5?+B:TA-S75B@/ &$)ZD.2$ M#KH/XB1"2K.R%UC-#Q16S59B-C9FJ(W1S#QM1>3-0']I-A?5H?1JI_VB M_]YKC^-]"Z :AM!M0UA,A0/L#N-XSGKUR& MYETN\_[W=F:PU4X!":BD0#%KK-P/&FJG4#F(ARHHSFX4>(Q]8:-+8+J$QZ>@ M^%39O+.VVPHCJVK'Y' T3&. F^:HP5YV]U -X-6 :&AS^")401!"#@; MU$@C06'B!FDHSUQ8G+EA9A>C;G:?3\?=3OKDR=N)S,O>J!K[8>D;%^5X_B:X M6H[ W15X,PPM$XHSIH@V@#A-4+T50X#4V=:5C9%0GK^H-'_#K"Z%W^PNGXR^ MG?*IP[?3F)6]4=7UHZ(W+LC1Y$WPM"!X_9^=&6.% DA0PRAB2A!BX2 &V9(3 MQL$2RH.W+@[>(*N+@3>WRZ<#K_\[DP>O_[-YP1M373\L>*."' _>>$_+@%=^ M](C:*ZJ5M(A KZ/F&'L-4NX54@<3G7 M3X'DOH9^###?,SH;G=.J[T=$=&*DHS@]QMT,L/ZEVYA]X=ID\.BUI!$PQN+)0RXJF'".Q7L4?*#!9K[ICRKJ-P;/EY>+^?7;=KWH MB+E?A&94;2Q%PC I:DJELQ1"+C4 T@HJ<>A.^AQEE6MM>WF[3?1;@=6@\'QW M"P;8=J3I975]&@TP;T@/=\KG]RNZ,6XWX@L%:^F4%HY( S070M&A$.!(W+6Q M<8\N/!2[:VIIAX!$^A2)I_P6I8+H/&=UW/,AA"QQADV,(9'BGZ-%B@>A7%"W MZ\6R6:_EY7_<+G8DZO:8"^HDD0)B+A65!%L%]Z49@*,6E*2649@4@ZSJ0%?2 MT1?)'H;!XQ3VQ5$DQ;DB/'G&FB-@&6OF- @S.HHV[RLVGCG=+U?-L..:.ZVD M95QS;1&FQI-**LRTK:;J3E128C72S,BQ67$?X^ 5;6'9$=M3[H0,X$:Y.@U* M98KEN>%=!H="Z?2@J!T)E>!6&@X@U)(JPV4MP5"6Q#3JD)FT$DY,H\2<*M&] M, R5-VX0,=XL\Z+C0SZVURO300N=H__;;G^TEPN/BZ:JQV:B*!: MUEP"@05 2B)%V+8L!6!-@P9)XTHHC8U]2XA*0T:Z%D",DQB62HT(564G45X''&,YPKUI#%_&!/#<'$FJ%Z$$V:WI M'=;@ &((,H *:(%RCC/,X5"(KBV9?6U6']I0?D0^/*8M'.H(;A+RW3O[_ET< M+6(-"B-%06?B*#&]7G,\D=7X$I(A6F$GL**AK/93-&(-QG,A39G%\=/KZ2_4N MNU\T=TKCB)+)X3#0G-[:./[L/>U_<2#QHIH'[W,H@J8@YXX0*Z_STP!9YIC: MDN]J$O;>-9?=><2+9OVN^;1J/ODL;'LSJFO\/^;=/8EO-I^;U:_-I]OK^?9^ M<\%T[3"2F@OB:J2Z_03[Q QSF\3"$D). \CU7F]UVPFN/FX5]ZV\[317JSO1 M2>@L4DM1/#UW]21"]DYV]>YA-;F#:NJU5[\&5%-)]":8_#*/2];VU"<_]KX)'EQZ-+L M3E^?N<8A=[R386 ]J8EQ^#SP[]ET];2 ?,FL(QC,YO,T8).9X(*KJ*OD?8B&5X%HH ME\K:%8NB.Y_.-6?WA"-'>9/NWU00,R*"1U09ZT8"2)P/2=^N-^V-SQUF%!%' MM06<O%=AYIV?2[S^?7U^WO7,3P=4 MUY2JO:BS0>J>-6&D2G-S+ MY:X#GMRK/O0Z_\U=56^<7VZ\5.O'\5#]2/(ENN2DK"WAEJ9R03=XI?[21O!Y1# MK;P)JI530#/,V'"B9JZH2>(V=XS'65S$T5!0_])NFO6=H.X\):.1PQG;XD?;M:^>'AS!(DD+&*"F"-)'5=D]U!#]U87/&XO'%$ M0<63PU[;<]B"X$)P<8Q;_ ((D8%;8^HBC%\GJH0XC@U?5/>J=E5Z/KO[S/KF]V5SM9](K!VC ,BC*1<4FPM M&](\A)P.G-D;541QBAVL8&@[98$?"L;Y=IP[)S,LCC@'3O62JD'3*1R[:B]O MN^7K_0#D_,[=DU/@77M Z2ZNGKU U* G[[%(GV!N%F/.2]L\(;097Y2XG/'] M:G[EAQUWA,)[@7EMR5M2V.L*;YL#E84G=1[<1MIUEWYT@<_MS]ZZM??CYM MJO?(KR,97KJWTTCL1NAO<[UE<9#YE^;ZZGW[I_FF*^;[07%: \RD]FFC(QHP MC2@#0W%62!7'FN1BBB.G4_9JT[ZZV6D[9,]\>]%$MVJM70=F+>.-#+MJOS2KS?>W_L79R.55EP1_Z4;>W>0^1;C& M!A-&%*"TK@&UN[-T5 T -W%)S:BBBB7M3;?SP?_H MJOFR:BX7VXO:NO'"_/#FMFY.OJ;XP@]KCTW*UX!?0$(R3,N/J[@PF)VLQN*P M-LBZJ'IA^\';E^T!9R>_$.J834=XE\7=:9 O3RAM@;U]T4Y+I;1/?20!L*ZM0U+MBZ8J:W'<>OJ>WNKO]AJK0>3?GQ9M(;X=P5Y6 MVZ>!Q+PAM05?T[2[NW1[\V&Q[)'P:W/9?EIV7ZA^OO+CR,7'Q?SNEO3MG3M7 M?J#YVO_VXKJ???,_N[WQO]G_D9FC!C@JM'!,<>F@-&8XR:C6ED:MEC^#O,*C M1M-\;%9>8K59S9?K^64/X>Y+8.3(\1P5%P;=B==9'*+W5XX=1'-1W<53'0:T MH_AP(]E5WW4>!%7MHKK8_<'S7%26KUZ.= %G? FFT6&@*3HX\[JGBF"C73*:D=]EHMKZ/C^X9I+-=NT MF_EU6(,/?&146]^7'K[PM/LK26T]U)*P9E[ C;@6?HZV_6*SCG1E&BTZ5O23 M1VU'QAS:C@^3A>75NTU[^9?/[;4W9+U=,[Q?V2YU]U72,(>Z-5Z$T;N]0[@6 M+/(T_FS%%I^=>_VS5#^__OG]S_9=)7\QU;OW;_3_^IIFP@YWC MGUIZ+KP74WW9J@F_-3'2FN.,*.M*Y&SS]ERS[<%'%U4OJWK[@CW9+DJ\Y\(3 M-$AWZOP7(B;J;L>^(^'M???D]?OV[BA"3"B04FI?%K92< ;H\,V/6$4"[R-* M?7KQ7&$056W:ZG)[KFDX!)+\>AD%I8T:!82=N,ZO05UY+#SAR#-P&./=^1$Q M2GV;YPU*P<7V'7GIL+R:^O(A-U9PA3$AU,'A0@IBL U"#J&2 MEY>KV^9*MSVL/M!8>9'5H++J M9+XX-BSI<\1A6&?Q.^UT+#6_'HZ/G#]ZV]<7U:KQO[GH=RU]:)>WZ^V?FE_O M3B'?W@1X\#>&IO#3R%.V0BU\HF,J4P43.(L[]9%+,XI52]BGC$G41W17MJV(MP<5,?1OKP,JHLP"D40CCRTI M*5TWT_B64C[,A\M63N-K\!F*\V][^#]9K*T)H!8( 92SJ(:4\6$_*Z%81ITK M-+JPPM]P?E[Z9,?_9ZTG:(SG=__M"]' #32R&E@9VP0 M;=:7*PXQNVMLYM<_+]>;53_;LG[77GNV;?Z]V;SUK]OG^;JYDALW7ZS^M3MO M>68%D-!RH"0!2FA@G:3[.5L&(X^ +2"@.)H.SAM<>ZD7U8?;3;5L-]7W9E-] M&23G.*ZZ1/6$(>[,]1*'O[W8ZD!M]:ZOFU]V];*7?-%52*>Z^M>C%5*$D/&V M'J%GP3J:!EE+!MB>['V/7'7<+C^];U8WW;'),\61T]@)3&H_W*5.*#4L2J2: M618S#HUZ<.$Q9Z?EE?][-[N#;?O#Z9='3@O+8%48]XJY%$>T.X,Z(2=>67Q@ MP1'Z)#DU#:ZD27^XB#@]_K1S&H>YLN\SIIGD ,+L;%($47-\-F<\EK ]!,: MP\LH3(B'9S,F3_QC&BU/8%X>.1XMA,*XV8D:"YM$]V*&9"6- M2QEU-6?&S).NO#AH2G5Q&H@9&<.30Y]QC@0MS>M+Z'9P[B]/?O/A>O%IN_R( M>(KYM,F8NE98,\4XW>/,U-J&(&9\*:7'/8.VZN/^_NA^!?/\RZ([:F*+GW:O M-Q _&=P]CJ#3&ALY5-I[>G0HW$S]?[M:B>&V'R\K.<-?)"UX%?-(< MZ_(T,LULT3SSD3./2PDG>LP0= 9!(XGTI3A)I0-P*($A)&).*XMY;A234H\L M2Q[ 1CD4.*->R)S(+/%<3/&!_#<'$B ^/H<2CJ;X<3 MR>1FLUI\N-T,^V'?SKN%.F<[$"CI:+(,;D\#0SD">7@Y92YO0B'5;51JEWVQ MVQ4&DC!H*(.U$K4A&&"%A]O?&)2 QJ$I^O'%@;155*T[21?5W_P$ *R^S'U'BJR^,B$7K+8Z#NPI[MZVP7LU%]7-OX&EA]]"3(XA+ MMF\:8$N7WV9ZC2)W/5Y=+;KII_GUV_G"C^_T=FK[H/09E<)96#O'*9'<(5R3 MX?1:IBV(S+@R%%@<='<:/=\65Z\6RV'*/W+O8@9SPZ!S8E?C,'1@9Z>N\G;N M]%U4AX@Z\7[$%RT[0JF,?D^#6SD#>KB;,+=7P?L&5\U\?;OZ?@!11:35VD!. MI'&H]@"E9BA((4YGR^93=V?;^X@-@_&E!#4UL6UJCP2%SRWMA T)FT^9NGN/ M]@O=,;[@A%]@(O;IVK.)6"TN. (7%-.#/SLR 4NIGC :EJJ2M+V&0S4G?YR)WCW M=2_ZD(F\]@=F;6=T/C*%.S!]>Y#7B\T,$H<8 M,37DP/G!M*ZU'+9K,H(9B.%IAN(*(W106#4[B7&TS.%G&"!/;&4<$_E;LX^>YOWA&?>D,MG0:Z!D3 MP(M?-B.]R'6CW,Q90R @UA&'F42\]H/AH5A,D$Y,Q--[D M,"B=U-\X1#U]9]RT+HH+6_TUSMEID"I?.)$7PD7Z%+1IR>SV4/@"[7+C"_EY M^;%=W?1+[/?K08"ST#'DN@V95G+!:D"I((XBB*W1+[6P? 65:V*#O&W[Z@56 M!PI#ECV5,C=BZ\W)34[:@O/@I0S;61,2VA,,RF_+!';:Y(VG+?4"A6'HJEG, M^K(\]M[WYU5;(S#51&AC#-0$"R7%[OF&2DM#)I?BGUIX#FD04_VYEQ.(D01S MCK.XK"]QS VVY(F$9CUD-.OF\J=/[=<_^L"VR8S_Q<,P%\WG^;76Z+(;XOUS#^<2^& YI)#910F-=J6@ !E(F@[=,IS"S?R M7LZ0/ORY4Q31SJ,]>KFEE[0G<@@3X4R.YOX@\F<:?*H_YV_RR BU=%'=>NA#3]&K^Q=ZJR:V4P]V)K!/ M+V%*0I<>X$>V'GT7\K$./=:5\S?N--D/N_.TN,.;]<'0X/5BV?R\:6[6,Z"4 M]2-'"@X#/B9QI_DR?F;>YKL M=N2[$-^D__?M?.4;S/7W7YLO[6HS$XIY2 #'?$E*<.S_97V_I&F)* CV*R<6'OCP B%279L.+)(C>((;X]R(R@I6 M\^6ZWRBU*PJINCLJMCNE7@##E2-.#T4Y:V1TAA!;P,FRA;VP9(K$FQ>11I3T M+36E"+8L:W[QP(F77=V:XJ2T$0D+)K50:4#5\-*$. M\Z"=,$D//LTT9R>HVBJ*G=F,,2ET/K.0/TFSF"'6Y)NXO(O\Z'1E@D'GQT"Z M]$=3D\GQAS?^7YM/BVXEU'+SR_RFF1DIL#9<2D"[8XB%DF:8)&&0"AP'@,B' MGP8"=Z*J3E4L"&(-"X5!0:^2@!!J4SXHW'?@*!@2S9H*'%+E/P+$*!]B/HY> MMBL_:.D_DKS;^&1$=U?$K[[K]JJ948T@!+76&&JEF, =DW:E:D2"/V;D*.M4 MGTL/-%Y4O4K_WE0[I54G-?[3Z2B/P[^AGLK>Q(^I(YS-^6'UB$LO?&'-X>]4 M0)4IFB>^N>9S*1QC[^???K[RPZK%Q\5E7_(NM[($UUIB35TM+;." DR'\BQE M*@Y@J:69< #)JRO_>JUW_WJ]6#9PACBJZUH"9JT?V!&(."&[LKAF)NC:X'$EG 8\ M.TD7PR^J3ESU9AF=*"69& J=TOXE 2?>NGS ><*0H[ 98^!40#,JAD>0&>]( M-&"T_^6;U?OV]^5,2NZ<(X(97 /HF#1VF#3F-4>1@[/XYY\8+IVR;KS0:4L$ M2XQYD5@IY-LXJ 19EATH=U:$X"3!N(G!)"6"YU"2[$8T2/JAV9O5VU7[=>'C MG5FL( (8.,+@01K*(:1&7>(!=TM/+J0$R-E/P,XPH0[ MF!TS#TP)84VJCQ,#3G(8SU%GG"_1Z'G;KC?SZ_][\:6?$N+&U 1S23& !K* M07=#YK8P"UWPDMH119P8.UMQE5>7-)V#RJ<1T*EJB'%D9) MG]%W8B+)$6?,RZPHYDD<'0+MR &#PXB?:?Y)IIR_P:?);D>^#!%G 6']R8.!A^,]@(-FE\V,@77J;X2T)Q\#[U?QJL?ST[OO-A_9ZAIV0"F@M M-/9)!:?=2:/#\XD P:=RQ3VU- "V8JJMFO!V'VG-RXV^G"N1+3[,D!P-_5[( MS[3R-%O.W\03=;=C7XCX/MY^N_SL7X"F7_!**2:*2PHAQ8HY[CD"]@PA-KB- M)SV\<%,?-%6#J,CEZFF&A7?WQ;R* T"D33E[_$,'7NCUD\PZ/Q;&R7^B]Q_A M0_@7!'V[ZBZXV.ZS[9BTF6]NUS.$&,.,6(X4!Y1I*9'9%P=5Y#+/Q$).\Q5A M)Z[:JZNV\F*_(J0Z&?H=X00F)GU)B/8OWY>$IRTY^BUAI(OGQTR>,!Y]3\CB M2\PN&=]@YY>;Q=?&S#?S7>DS64MA%$.6 5_I3A(+A^(D$K%[:A,+.0UV#L1U M6\OG0SN*WPN3YF0H=DY@8A)VHOW+N>/E*4N.8F>DBU/!SM@PGMC4S6(2MG''^%6 M*%'*&94$DD"/\F[HW\=_E!II3DT%%HGJG]S9G^I".!K>WK%LUC[O M@353F#"HL$98.><*:II%1&[NV/>_9IT-!KJ@91L6B(="L4#>6,2D)#H$?Y MT' O_J-H2'-J*FA(5/\(#6-<"$>#O6E6G_R8Z)]7[>^;S]W5W//E]YFM,:HU M=LQ8#BP5UJAAXYMDB@?/IXXIXS2H&+156W'53ETL,Q)M#&5'>0>3&!)K7CZ8 M/&G(4:B,LW J526@H29%#&#.0@^N,)2(I-4T%$FOC'Z4>Z!Q%? M:-J;F^[@C_;R+^\^S_T;\^9VL][,E]T7Y!EWEOGG^Q(I-Z+V!>GABA<%D0E> MDIVAJ!-]K>DE5KW&BVJKLCJ0&?W59I2[P=]N3F5LVA><5$\S?LDY8M#Q[SDY MG)T*EO($\_C;3CZ/(K#5+#>K^?7/RZOFV_]JOL^,T\[*6G--K3,6,Z2&*5W% MK(J<;(U]^HG@M%55];(JKRN:1K&F!0.HH%]IS FV*B-D[IMPG"N)ADT&):GZ M']-CE!-!F\RV7WW<8GTYO_[W9KX:3G$FPC]9 2*105Q(JRD=MKXH@&7XAK/4 M @IC8U@ZL156=IS$N3B ))F69-#:#.^ M2O&7.]R5Y?SOK&?*0F,!$XB1NJ8$:<:&E;;:$!I\$6WJ\POC9']KP6'3Z)7% M7_$0;=W++#F%:W$H23 LYT4/#XQXAB-C;3L_1D9'\,1U#^/VIA@.S%5)V:<&1$6O,R)LJY$H>&0$-RP.!>R,\ (,V6\S?Z1-WMV!KOICQ]_\_&1NION7H29HMWA MGI!P+(QT!G*CP=#(I"!P]K59?6A?ZE(S:V*2:ZPH1U@0;(F0M0>-AL8I*1RB M,0WS4'YX_W,01K7>QU$UNT"J[FVJ+N]"Z0Z&V#?J+_M&/>_C">O03URM8>R< M7GU&)A*'%7D70&7O5:1^IB+W=+ZHY/&:+(+F+.8?X?AI*W<:T#]QS.TYFU-< M=_*ZF:^;]5V?)1S$SBHJD8**\5H9U /$ (W!BXO4GWDJL8+XM,Y!Y'53JSD5 M7(#NDE$%$'$%OX-LA9PMS;KOPY%&F6C8-%I7JO@VRTL3][Z_\=WTO-N[VY?V M>C'_L+CNF^/;^?=NQ+,VMP<9'&-."JYK!9&5W1PI,D-K0(($K5Y/*E@2RBT7 M-5:2$,4L9U!8C&KGDT@%6.F5&GNMU;9.XE*9O!:' >=L[L;B:+UN?%[QP."+ M:E#\_:+:*;ZHO.2S@2O&SR-8*U(MTX!>F=#:$[S6L0E"]\H^+>3[(./7YF:^ M6'K'WWR\^^8TTYHX*J71!@((B -&PEW;-LJ:H*MB,L@0A+$:2.:'0I HB)6U ME#DN.7.PED04AFG7PJI7U6K0%@?3DO:'YG*3<+X8:-<7U5Y]-PX\^,Q]ZF0Q MU>BCB67QVIL&CT\1Z*.$]43>9F6U[S(Z">]_;V<24FH-X Y8!:%UJ.9B( 25 M8;?OI)8-I!"22H49(,1R)XWRN3WET$E+C"G]]1X!! J0.,;(&?O'!T+UX2Z^8&(FA)="D:372S"3O\Z-C/,I"+(_X\K+(EOW Z M?7X%>="BA/32@?9$ 9@2/X(FM3)2,$4[>;DX&E5#/R!)X^(;P]($)TO0U/G&,(,>XEQB;:7@G&!:*[AOZ]S_ M3BF8]H43BY0"&$HE-*$U5;2NJ15", (UL*6W^7N6HG(L#;,W/TJS.WL2DG:J MIPO23ETFCD95SX^'T;CP1E TP< A#-[>QI(.I53QBB M7ETNB,94SP\(T:CPQD TWL?<$)4?/73V6IS!VAFH:D&94898!X?).XNQ#=H$ M.4X!LAIS"OS_!";=]_'N3G8E+: .$)Y89R^_]RLFGFGJ Q4(^W.2]9R3I?& M:U\C4X?L/7LSD#:MNGXLW";&F,C<,8[F!N],=W-\LH8>_H[AVD):#TN +!2" MSS;M9GZ=E[4S;80UAM42^AP=020%8HQ11#B4!.FX:U7V^L+QVOV5ZKJ35WW9 MR2H#VI?MSGY^'LJNMKK/LDLF MR=M4LHZNJQ\ L^-CC&%N)D?'K?K_/L.U;]"<"5,[WB\]MXX/#9U!JN.V03Y7 MBH!6.,DDE, G8UAS+C$1L&:8(@58U#+(I(V-VVRSW3?K;=YY?;><> J+RY\Z M:C"7L]-H?Z.C"%H='NM*:!MRB^785N!BI@&[DH$UA9_B<=#\86EW\0B[+10MJ:UUE1SBH?!A4/,1NV* M22@>*RQ90)) M_0@5,\Z8(M )KCQ:A+6X)DK:XI8U\\X8Y!)&J+!"3@+E-1RO'<"-SNIE 6+Y+,S'P"S.UF0?Z??%1+JX$CZ157"CP._N+ 2V)?@6U;T M]8MF%6<&&\AXS;D7XK$[?+ST68N,VC(77"CU4+>04H8Y)=(0KFK-D.3"T1HS M4?XPG=A='OGLS(B^W$Z61-_)EQF'.C@6?3&5\ .A+RJL%/3%^Y8+??>7+1O+ M:J@(@A+6QH&:(K?;TPI](HJB3F>,*UDCCJTA2$O/!0"1_X?CFCDCE/1&E/[0 MG+HW([.]>7A8SMDR4#SK#HPH,T?P,:U2?@Q()L8623BZ1B8,Q_&QA9 RDX.CL#G3&&/>W3B%E6% R> &AHMP=#%;65X MN@S$:ET;!#@QCB#NZ0])S2VUO@C#2-1I3B,V,GS<-=@S;V-XTJ/8UA?LZ81; M67@,(:TITI'05O-KB^5()VH+$8$4&E(+I)2V2-0^NW* 0L+*=70[:56OK3H4 M=[85]"^Y=:0Y93-Z&BTK7SAMH1-V\^/B= ?;_WD_F'ZV:& ML*U1-^&H$!),:LX,'!HAL0K$)/EI"OP8WV+@D#.^SZX9EY#6"CAND1_P U5Z M3><@NEN5_7Q[O:@^?'_PXS_W\I]OOJ>LI#!2GK]^XO!9K&J*D#7)W2.X+5M; MTV!PX1C;4[[_8;1>KS:S7_U+WLAOB_5,&]J=#XLEU34QEB*#U#X%@B[H_,C[ M3Q0:<,PA@%@ZPGT>)63M% ;(N-K4K/0M#^^Z.Q77FT6WN>5//LN\737=G)9/ M=[RX0%9&6G27'2OMAFG\D(TQB MXJAR! *J; VB;OK-VU;WTXUMXCG9I( MBX]5_;#-)T4]9.0(:KS!HZ:5RGB;:5HI MS-93SBOM[8J?5XIW>AICFGSAA,TKI?KT$M&NOUS/9_U]Z)_;:^_9V\:_C9/ON@W:3T]HAX/N90HO#1&-M,8< M"8$)4EP"2)"A1B-I#>11=YNGY#YW&JN=R&JOLEHLJYW.,*IE-/DXUL[C;V3> M-%5KK]K+VRZ#FW?M;6(6W]-V.JL?=")=['W7 $0-^HXAV(TG>H;\3IZW:R@0 M3UOJG8M-=[\VR]O&^5 /NJ=%LY[5 FM.G*4.<$F@%H[3H5$99G'DXG/3_M\7F\^%?F5FFO7',J>YJ%*I5+0#;3SD+ &+1-5*-U 354EBD$:%6 M<2>8(@8I06I>UU')0B+@GF-:U>R"R#*$SU<_HT;X9ZF83!, %]6@?@O1>TM. M?O3R>1B/-%U&E0*4,<;>[7+;:[]PE%-]^Y*[@OL%_%82#E1ANA&+8<@YISN6\_ M1-9UU$K69TMA0!N @<:ZNZ-(^A1&$]5-'E- !&.EMZ;M6]*N 44LJ\K@8&BN M= KS$@D4Y%NAO.@96XZF1&.MG 9W,L3Q*!'*XTQD#M07LUW&,T-6P1I) IUO M* SXL@P;FHL%6B0D/X>/EU34$/E43B%-H(5*.T6<48>/HDF.=5VI><^#(RPE-BGW3(,J8 )Y.8=*]",Y=NN]TOS9?_%OT M>;YNWJ[:3ZOY30\MC)&L@>O012VJ&1:HWK8*SS(*9%3R\GPQ!FA)_&B0^G[= MYV2$<\])1PA@7&N"S"G63E1WTJJ=MK0\9H2;@8G,:8Q,6"21X&&9G.99AXXE M->-MG0:#<@3R,*W)YUD]U.S3:_OUK]*J)'%1!$#)6;4XGK?[7M%40.RD/(H M=@;63!G .;';4VS>6U9^Y5/[7^OOFV43[X MO\R YRM$P&#,-<8*"U73H1$*8Z,V$[U4%K9(VAJKFC-'H(9"($V9L+X\S:$M MO;-X+Z\:].T^'U6=Q*K7&(FYT>Z&(>Z4QL;A;9RG1;CV@EE'F);+YFGP+%LT M;9F7,?5LFGOX5%NHWI7N2S5&8*6<9<8AIX@:D@I8.Q#W#2^P3(NTXPAX?OM< MQA'-&4!$.V X1TZZTF>+O[N]N9G[A,(G%^M^\+2Z&SQ]V0V>NA557Q='UNN5 M-3UP1'H&OW,N0S@?\P*=.S9@S>S]-!B8/:IGSX/)Z5K0ODIYZ7/*]:);*+E? MO.6?97#M!\[*CZDLLMSC%]9$4B((T^BE\_"2GUNNP1VH"5F.F,FFB-UZI>U* MVYP7:5O85KPG0GT"**-=FTT4SJ_"' U*M#)7SM0RKMSA/9MZ%?$QY(RN_0JR=Y?-6)&[?\O+QL;YH]H5YW%G:CI8Y0W!)C'"5(*TAJYOS(:=]C$T6C M;HL<4TYA@FRE57MMU2 N:5'C*$/#QA>G\C(.,:\/,8JYTL<3X(MR3:RNA?Y,P.J-'?./XY* MU-V.?2\26OF.(TJA;FD-Q9Q SK"5YHXC!KJ@+"3EN:=KZ=%W D1;%-':"[B3 MW-Y/=AO @^A?:O.1'DVHU<^E(X8K/".$_#1B,GLS,.)NE.%AF+''/IR% DB[G3 M&(GD":4M\/*-YI3]^+'IEJ$VQ@^(WGP\^ F<*200Q+6 5CG-@(6N.^1A*X(3 M&;7Q*G/19V#91;477'6*N]41!S\>3;=1-9',NU-5PG@"IOI_*B8><3*.DCFJ M9++4=+O<+):?NM.,VN5ZX3HVO5MU]5=WL MT[J_N>K-QS>WFVY6:OVO\^O;YE\6GS[/N.6N-EIRZ9S_IT7*R/V'/6BB]NB? M6-JIV'P0SD5U%U!U+Z+J,*2+J@^J(\<0UD75!W91=:&E,?Q4-1['^ E6=F(? M<,)Z+MI7Y*F1@+[DQ%4_K;[FU,$_TQ>=I0Y"^ZJW\^]]L>_;OF-<-8/J9OU+ MLWGS4<_7GW<_N9I119VN27?9GC%$UQH;-DB@,.RBTR(%%^YG!JW5IJUVFJH[ MN1>5%]P!II,\_/PJK@/)6PUAW4$(J<,!<8HP0R%?'ON@)&,UBATH5=H M<1H"K;D FG=]!76<<6R4XHSXF*DMN"'WWH5/@\;M/26#RK-=8Q#HWI$6F]O_ M:336[%$]?UE41M?"#UQ9SS]]6C6?^LSKS<>=FNT>%"MJ)HRTFE(%)=^D(R+*8.PUZY0GET9DJV?P)'IBM%LO+Q9?KYN#&I5VQ MIEE?KA9?!BE?VE4WJ-3S3?.I77WOE[5 80T4W:WWF%,&ZF[Y[=#H"-=1QT:- M4U)#AB650$'""0+.]PC569@@XQNQC8\*35.(TR'VB6!^.&D_H<"C[?YG? M-$^4."Q,IEQPCD4M!5* X.V!T3T?.*EI5))ZO"1CG!^8&DP\@@@P4"I90ZA0 M=],8 [;T$L-.W'-M/&E?PTA?P[A[.DOCN#K&S2+,/&K4$2;F,7@:S,L42UOB M%0Q?\OQVU5[=7F[>K-XUJZ^+RV9[FCVV6%#'!((:8^JLP6)H3MVYFZ'KGI]\ M.*F9]BD2%\IJHHWB5E""G>/,*.Q0U"$+25EEKZF:+Z^JG:SH#0]IIAUGT$G\ MBDWGHJW*MBSZ*2N>61L]RK7S+Y >)[_-]/9$$V,MEU>[@M;#[0D:(\(D5-8R M3RGIG!I&/QP"C".Q\40)_HF06\X1Q=+WZZZ+Q7!-#0<,UK+T!7]/-HCH+10C M# Q&2&'O,G#D9!LLGG7D.$Y&.#@9IHR)X3%81CL2.H9ZO[CQJ4]W\*51X',OIQQ@FF#A.+6$ M^4&C'RX:)GGI ]:W$K?'XVY%=K_N9/H7*2F/R6IVV/#JU#['42J+Q45&6P&^ M'1ESY71]&B.OK!&UY=[1K-0;+C]DA%IJ%0!&$V'K&F@P-,5NY7-&[NU*U 1 M:: %5"!2A7P&WB_#O+/--0=ZE,S#2 M^Q^"@K$QQ7$PR;&1ZSQ>[_?5U503A(4PQE)6"V*XI_&V14I8UR[#6H^[PKCC MVG(B.;:0*&2YHK8[5,1!G_!R4/H(LR.K%%ZG[LH=;_"HA1]EO,VV^"/$UE.N M -G;%;\*)-[I:; M7SAAJT%2?0JZ3N)^F>U0YJ,Y_@>7_4 &_5!:4$P8VJ B.BC3&U.^+QO NEN]QSAQ'"G#G$66>N(+5O/2>=_S#?35D]_!$J\; M*UI#QRDYE M[J4NT3?VPY%V/QQI^^%(.PQ''@BUM=:"8]_8\@F2LD8$H=I*0KMKM"6Q MBDA!L+1$GG/$_^02D@)=S>@J2L\F3ED[^=*%'Z9BQG?RIZR@_+WXR(H:U36_ MX%QDWYNK'J;;N6:+,*#WS.OFF.XQKMN6-2 0:2>AT+CFCD@R-'C%C ZZP2B? M&J\ <(F[I;6,4#_ P$(X3AA5Q"%%2I]T>:SAGV_\]S$(DZVY4%0!CIY6UW-3;.3P%@! J MZ,:=0M($5IHY96N,(:F)X=)8K)R0UD&!0.GS8/ZM67SZO&FN7LV_-JOYIZ:: MWRFM;GUHU47M];R?Q=M\;JJ/\\6J^MH=4-CA9MU%7+6[O]2-$+P/ M_N79K+?G/75_0UW/+__RRGOG=:[[O[JEV4U[U5RG7MY^FG %2N]X^3/4P9B.3;$T(1(P(&3I&V?>W=[M#+JI!^21[C3B[(WN*0G4Y MW=ZA5, !/4)1K[/U MWOKN7MYG.[6OQG<_7;TE?2@=JWOH6MU7?[K5E=+M;- MVY4?E_7'AQ^DM1A+U"U: ,@2*@A3-=^C!X'10Y[,&A\%^;]<:+ MV33;89U<7CWXG=^6B\USG;J !+):(TV0]=*I8*X> $DTCCK]H:A0*JBQ $&N M?19B-10,*UQ37M?446I+'UAST"NN]J)WG>*\&U)O^\1'/[OM0LHSZCIQQ2?U MC-.M\\Q]XET4N^F_KO8?_687W'1'I8RI0Q3QL#N)A6.L"4 ,&:4-\"!)P!]F=#_ M0PEL:BFUXE@/K98"1=/RTN-E,L5J@(RB" -"%)?2J1IR10A'3//BYU-T[?5. MTT75J7VU:5_=[/2FW4N2S?'8A/!T9D>N#1OM<^'D[*AQ07E6'NNG0<7L43V; M_>1T+92';K&<+R\7\^N?EYZ[_9*X[6FSUA%3.T0=1,1A20C&0VOLMN''\.^Y M,B"G4ANLF;2(T)I+Z[AP2)(:"NA$Z?4V>UG5G:ZD@Q>3/0PCVBGLBR-8BG-% MF/6,-4<8-=;,:3!I=!1MWEWJX,L^$_-S8=F-7.N=K7PF; T3@)%#-"[+^H:^B%CU+&YQXHQH';* M:2< )$9 CDFM.0'8%P^5*GU*^&\_O?NI&L3=FSG;ZHL$^!@_PW!\(BOCX/K; MNS0/B]#U>8>.L#*#K=,@7XY VNRO7.ZYP]?[TR>=;SO"60:)A@989@T"0[/2 M3$1A*J9<"@W4M:-"U9P@I06F4G++D5.6UKCT39^'.Q8>36L=-L'7J2?>9JV$ M7%.*9?R/_&2$^I9OFO#R/\'FWUM5A_:4)1&%EY[>!#?E1A/#X(\3!ARNJX= MP SP6D5]23W4&=RH[S3UNRKN6O'G!RT\#J*YZR",HV%JJ5:2"U5'#M2=[L$F#]M\7F\V+Y9MG\>S-?_=)L]'RU^KY8?I(W M[>UR,\/"0*8I800!3WM@ '%#4W>LEB5P^X(D)!AAP@]0F2+$$LF-8#\4^M_[O+_DO'LMUX K^JYIMJ?M,=6/>?S55UV:XW%]4VE*KU M&=9W'TP)*H^MP)RL/F'-%2/X126O>TSY2NR/U/+Z?1:]![SQ/[GH=\_[BO6A M5EVL_B_M:U[[FI\B^X]7SN@>(5/=_TC]1*Z0DWJ/K'YG3M8_;IJ55_;^\ZJ] M_?39+;[V(M>/57($& ;2^6$Y@PX0@/4^DQ1.X2+9?+ Z)YWU_2]CLA:$2F^B M91I)92 G&-91!PR5[FGZJ/J.YL/M9L#31Q];W_&LBXP'\E5SU@'#6>KWS/W1 MO*_^KCO:A5UU$>+$_]9N_!3EZUD^C!^EYKZ,)\W#]8#Q92:7EZ ML*ROQP_7@^6-/KT'*U +8WNP&:9*.B6UL%(28A"A:G>RD:Y!C?ALTV[FU^.Z MHADU"&)=2Z6I(-W'4U_?2',C!&)(6!C5I^SUE.A3WG=/GP8P$EI^L-'3;L+A M802VQ4A?"LZ9N_EBU9U9U\P8 4@Q8!5AU!#IFS?>-SSH<)')C.>D4(R9!C7K MSFFV @@A'=78F%ISS,E9Y\CO3B@]_?QX1&45FQ-Y0Q\]YI_I[FKGN.W46=IMD#&2U98 RPPFL!]+X_$^?3F 5X;AY[ MVIW*BQ55;.XZ_E7XD;J:C%%GG:M.=?TT<]1WZ@!B1B'=(:HFP.>]G Q?W^I: MF:A3J7-IHM8@9A&7FBJ"#/ FT9I2(CAU"+#21U-'=3[GGX^.J,M3S$.7J<9) M]#S/S3__ #W/L8HJ-N<<_RK\<#U/GJBSSC&GNCZVYSDHUR@_OL( ""89% HA M,FP3% H8FF.2^:!_M0YS:;C5W:$9L!:6:^92 M1H\#?AF/LZ-\:O@= ]9XRZ>-S(1X F&8ZE3P!L[;#^OF/VY]D[9?NSWL^P7Y MKE9,2:0LAT0X#8 RHF]T4BO 8.BBZ6>?7]=4 %+7OFU#HIQ0EE*AB;+.6F!A MP8G?.TG55M/9-JP\9\Z1%C7:SVDTI/%A/-S$E\>7Q&:S/8Y,UEQ0SNJ:"8:% M;SY:U$.304+$'9#X5 %4 F!M#;!&E"#,N.& /#AI-X^&&2 M=4FTR>_:.-*3.J)-G-=OFDW0JX @K MD^E3P,4L_#G+>7W/^A/'H$A/)TNAV#A>YE"2,XDDVIU<11C27'/(K6*D._:> M4;AK.L;_7SV"0KL2E*@9P(I(:F!_8I^S!-8($P>EL,5/MGL\3$@ZT2[1O23P M%#!N[-#J+"?8/6E+.&LB;9PD9V)C.,Z8)$="^6(67Q=7S?)JW6=3 @ )E744 M0^C;B&\1^QE.0X&5,5RY_V3FQX; "*P=%Z0[.3U_AA(91R$N!;: M_QM9/^[A?)A+- #0,1.R=X5PQ+M3>HD5NB;,ER:5P))A9B$ASI2_7O5AAOTZ M^8#:9!^3!B=E+!P[/@EQ[Q1CE-;?_]0N-Y_E\JI;#SNX=UHO^K6LU2 W,<_)87AD#G1B MKU/SHTB;RV9++WL6DDEE='X:W"L2V7,96';W4NFX/6KB;;/JKTR>D5HZ93'V M_ZIKX5NJW']QL1RQJ%NP7B@*$>2,\P7QCO84* :U9X*B6BBN4>F='$\TSJW MRBNL>HGC,!CK;!KY"IHZ&G;!?IZ$=_>=BD!PZ@.?[ M5C5OYXM'\!02=P<86TX@-49I[0L>6IM1U*5P+*!81(R6'#N&K2 $4RX%\VV[ M]CX(BO"["Y*.E>-BV >AF=GQ8!S=FS/OFXZ_-I7?WH0+'J$\I'41(&H808TC*H:5J)\C8,>]SY6Y7.5C? M)RA#F!,"^;X!""LHKI%1I6?FGFNT[<=JJW?\H#?9\?1![RG,S@/'EWT^V:CW M&=,B1[UCK9\6';-&%C#JS>->*!_5[7JQ;-9KW=Y\6"SGFT6[O-OL@BG$ ON, M!0A,:U+81Q)(A23A!D/!26 LDR9@@N=!UG5 MH:ZS;=XZ9M*1]I?%VVDTN#RAM 7>O=%-RBS6E]?M^G;5O&^^;92/^B\S80ET M2OOV## "G%.^NT;&-RZO)&HU=&"1J*:J5MQ!TH7*M42."4ZHQPH$5$2=SI^0 M:,C+_[A=K!=]'<3E%+DL3>95:3?'DZNZDUC]N1-9]2K/3[$GK(OCV1CO)TNV M44&]S+CQGL5?V=M/<*GYNKGR0KXTRW6O1*Y6_M5M^AO-U?>[/^,SGN[WY._S MU=5V$YS5BF #-&): J1US8&#-8%0:N"PB%L%<3)5I9=-'-PYV\M\]:'361T& M4QU&4WWX?N\/[B*J^I 2M]B>KHH#%VA,LG8C5W25U/ MH\\X0]S/7F1\6N=?ZGFNOUS/9_W3_4!Y\671E=4MZ\566*<& M4H#OZ$+ZC]1GE\Z<^S:^EQ2U$#_9KN,L/H53<40]BTE7[>5M][;W+>*L9MU3 M4LJT!]U(%U??.0!1@[YK>";2)P _UI/S8GJT^C;/FY&,S(/=E\)RB84T@"/F MZIK42NS+$H;91'!&E'!B?"9LR1[I8#1+"YDWCJBG]RT9KX7\2X/L8%GUL5U5 M3YN:'[M'-ZOG<6QR"$Z)X7D0)SL2A&-[\^6Z_=[XM^;CQ\6EA]I\>76U6#67 MWLOU;M^JJ9%U5#M:2R:0XU@K,!3+$0HG](<+[W5&;F3/ MYW( O4]M0W].*R?0"V0-IRWTRL6DZE=? M%^NV+\TMEO/EY6)^_?-RO5EL;ONO9[N2)7!4Y\B,?]H6QPP'3F]UX@S,H>4?]Y8O#K3^ M-'9@$.3%L\.$O$Y.H+O('5%;[KV+^QB[G7,?SO=3AC,EB656@[K65F"UGW;W M8YF@T4/:DT\RGY-\I&>D2V'?),L9E#)G<[8S.^_9<.2S7II=T_@TEZB]S?'" M1"[.2/YP=Z=N>?76OV"_S&_VA_51)T3-'24&"5S7V$BZ_YKG_R]JG<8Y!)Z0 M3FG'?IZEU@*77DR]PM)I>9X31@OX>6PUQ3FK;QKT/J\%#]=8G+\^@B8DWFW: MR[^T7_H,UF>VOFRO<#,DL[ZOTE;Y(01Z*% Y&70=8H9B2B_%Z\15 M.W7]:&W0ES(D'NEHP&3#Z6R; MP*Q!ID#:[*]4W)C@UV:]62TN-\U57_I0%N!0U HJH0 #!@HN]GT&%>*#@OHD=< 995AIP2G6&C/(:RH8V2]I8RKH2+G1A9R.,NN^QVZNZK=/^+3JFFN7MU^:9>5A]AZX0G82[FHUK>7 MGRO_MYO=U_)JW:R^+BZ[)1"'#_W0-,O*%]XLOC978[]I'7']N4PT1T5-( _- M$D:;^04>E8/^MEQLUK^^^VU7)E!M#>.'%L3_BL!##!3#:@&W)>93US[&G#9'MO==UXT!D(Z%;+SMI2A MSDRYROWK7S(B(S.UI8*QN^[2[9)5P><\))]S>$@>9K\$@-N_]!.@IE+;*E = MD-6. >O?D@@=(WI]R%7S*+8EQ[.,9MO:Y7X+KMM_?7J/'1^3(-3=]+ZYGIPC_'N/OJQ_>WKK;K??2LVJW_G5Y<. MQW/%RA" N$<"$84.9T40&WOR]OTU!,=G4]= (\C0CE%E&F, M./&$$ZGK1IU,JWC;L:D1EQG+$WS_JQ?WT)C/3EH_!)7MA?L@R,=!'V0Y3.3% M]EOF_HBP\\FJ:9YG,%UB4ZF?M5XF&]-,_-IQU/AJPTW)9G[U?.O[ 7>I@1-> M.:")]L)C#X27=>/Q9?'+[_GF2]'XUD,_C:9,R%-\G=4M\5Y$3Q0W$[D)N.U9 M[/801[Y@T8BV,PK7,^_S4+J^C7I\5V,(SIHJ7WT'^5.UJ?H\A.!XO^?;@+#: MO?M<[!8WIW]OBNWN7;'[__)=K"[^=5W&G-!BZX'1TF#A/;92>5SCM8RA-+&< M#N=D^AK^8;O+[M>; ]8TQ9VP:YN)],_1I_T'L94]=;(A&A!^6IUB.-I0O^,U MK@,8K$O.^(SIA\$\W,P,>"CF-D%GXLP^Y)M5<>6+S?Y'\??@)=K[Y^"W_UZR)\>_$US^Y*(V;B M %L.AXF]XO#C8#)769E6GD \,>Y/XCJ?[;^ ^J_Q"M.E5E !"'2(&A"'@GH(^ &N]7B*/>IDD',_^O3<-FAM M9*FTI9G3;("GCXAQ]\$''0PSV Y/& >SWA=_W$\C;(^W'AKS\)_3TS#09GG' M?FGJ$_UBM?G[XN8^/SZB='PRSFH/!:'*>VN5(5QJ)JH72ZG!S+Q6!;!1&UA8 M'IIA8=E-*39 :*( 0EP)2+$8/3Q+5*)0 MI1,\7Z5J84L#J6K+4%.M"D'*;;$NKQ0=WV?.-V408A;;;_'Q^DOKK<*A#<"9 MTIA0RCB!Q"E-/$.2)JUO>VEPX+5JA;&Z57>1'6"6>;UJS7&11:Q9!)NF9?WP MW4S21J2A>OR85 P[4-/T[M'>"(39Y"86A$&"- MH*9 6BHDP?OFN,*(IVA>ZT8&UKDR0YN59UBO:HC972 [N[K?K-9?RU((_[I? M;,*WTV2N/:W-I&T41M/D[$3 'BI;Q#6N?+W$SAG)ZDSH/&2JNQE%SP,M38[> M;[XNUJM_[[=+UMOB9G55)9#65Q_"X*LKHKR_/M1;_Q1^4JVJCLM:)Y CAD0 M<"&H0JR(JR61Y]Z(IN5O^P$CM!-$<\ E)U0 J"62C$*M/2,(N@$#C%/\<5*> M6%!6##RU(6:3CT] ',V8+!W4"_EG)ORXG3L/=1C9YF+*Z92F.^\6N[#:?'_] M_FY?YVA[20@1A -A*900.PIAB+[V(@*]=&EYJF<:8(([CI4G7F/*-=;E2\G6 M2$.Q1".<^#GMD%(0;+Y=;E9WM1[$Z"J]S;?;S]\6Z__\5MS<_'C_^SJ_ M^G3_9;NZ6BTV/SZ$E=]Z%W^XV7Y;W;U9AQ5(OMVYZ^M\N=N^OS;?XG;:]EV^ MJQY=M]09Q1D07G%(&"9(^6IZ(6"8(&D9JJ%0.DTQTH)* 2B%C,B@WE :ZQP@ M1!DY>%KKQ+"++)H6R^*ML\JXK+0N.YIWD54&9@<+L]K$BVQO9)S]>S,OLF!H MF/_1U,3:-!,.C*:IM)]A3*3FWV8P' 9*WPW46V=S?E./D'GXI1GP\"2[.#FB M1EYRN]D]Q%H6ZBD?3&) JJ1PM)Y2(5PW!Q4C G5Z.W+,Y_'AA)A!7 <*$H0 M$1! I3T%UF'C]/#;+:3% M-[UZX6^.BI)JPEE-:<5'H[<.WM[='+*2;V^6==E9 #QABBK%E:)24J3V9Z\0 M9)0W6G:?^;RS4$@A"-+.4ZZ8IHAH2SCEA@@DAWX#*X ZV1,(L-H4YF])W'DU M&8FS-"V9DJZ$%PR&IZW=VP5O/[P]I>^MZ?AFP+-V/J.L/9 R@W<".AI0]#9 M$C3UPV[Y'\7-U6K]=?MF7;=#/80.(V?" ,<,NC#HR7ZH(ZN$:"RISWZ= $X5 M@(Y[XB@5,BY64;",6^8<-4._2Q4P936H+*!JHQ#M6&N@IX,3EB:GTW&5(*:# M<]9.2S]\-@^XZ_K^RG-FOB2EG2B9@9)VPU_T-3BFWUEZ>ZR5C836S )(+256 M2R=MO?9#W/K)=Y>.2"W@7!A.)2"0>@$UX2)NY#E&F#=PZ,*CXVPIO&W[!,+$ MHV2ZK:9A!L@T\MN!AA_ZEM#S5:ESP!\"$/ M4SK$8%_S-^LCVDM/E'%06PT$PB&FU)S"6O"$=;[Q4J5I@P)#HY@PFDE-0S.2 M4B9L&"E2:X?MT/F@IT*4'8&&GYV(5T*,WAO;#98X4Q"=YB5FSG'"TF@*KMNM MEHZ32H&'(.)AXKKBA;Q%'-8 M O[GM]7RFRO?7ZV.&N;;2VF4!0H BS$&F@@>UH7UC%.8-=J53&D/0D&) G&+ M55%-L$;Q&("B2'C+B$\Z+=O"A9R4KBE!QMGU>X2953BS&FCB@>,^F&ZV/!F; MY#3WT9W?88XFOT[:F1"_3\KG$:CW:M'CT\R]L]7XU8;E,E9(7JV_?@CQ_G)U M4FA$*8,F!U'M.J#T,>/P;0%S=-)Y%>;%=AJ?NHW1_5 M?QZK85@E"8*(86=V5!+V(_O'_K\GN\W4C+TS MJM8S_?-0N+Z-*@8=LAWVL!XW&>8> ,Y020DQ$"$+C-S/24D<9:VWH!XW1(&7 M2.DP_[FFUED)K6*QUB!GUE@VZAVE#KL[R?RUV)P9DKI.>RMST;!S;#7=TFA+ M\CSTJA]3SFTH=..G<>GL_&O,*W[,[XK-R[K(E6&"!2DT%AJHG ,&U9/,().4 MS&G6(B9,R'A47EI =9!AAYVPR$I! )< #JQ6%;JR\O >;V+]Z7YH;:9=XS.: M)F)[?-D!X'R$K!%U9Q2M7^KG(6T]V_2XC/( C"77;SVIQ/%F'5:]Y=[*M@)Q M"2C22F$JD%"%.LPQ^7^4F[CV69 &((UHY;:;T67AM63UDEF$J2QN3&0TB$ M *$($>XI,DIJ*JT2$%#I-4)#7T/\F,<-UIL?V9OM]CZ_RO[[XO;N?V?JJK@K M'XXZR94_L"5QOZ_W'FFX^3=E9R3N!.:_O\SV?)0TE=%SVX1#=7RGZO=-W._W16W^>:D,+@QUA(,(6;6&\ZT ME=7&ON1(&>]2U+9QHT9QJ*#'!@!-K34*!WN=@\PBH)0=.DVXQYDHF_U1VDPN M)V$S32;W$+,XW[(:9/9[0)G5,"K&'CL)B8'QIM9PQ[8R==H]ZL=V',K<*84MMMOMNJ]=4!1!QI)]LS M0CO/!=-0:*\,1 Y$),XY0;DRLIUV]=?^X-N[MW?%NBRL'>;CZ@ [6Y2XVVI: MC_RG:MTTU+?7P"/>K )<5CZ>H3(V)K:18O;?37-3T@$L?%%AAV(S57F+F Q= M[?*WJ^_YU6-0_CZ6-5:W<0.I*O+M_H@/\T36V28 -K-6G +.\0MA.H,?IIC3EGET/M9?TRI!?2TN>ZOM%5EF3/>C/ MO3VST?L^NJ.!(QBUU^?E(<8U_077,0'_C5\"R[_LC@\O'DZY:\-(]%N>0N ( MQ](* H4%P&$.M&_\8%6[KP\G(!'0R8NBD]W8>)Z8,U.Y(Y/SF)1=C7C\2E4? MG#2=*&]7ZQ "FDU^M=KYQ7)UL]K]J.IA(XO#5*1.(N7"7%1>,5>W)YQ-2LRU M;V7@L"@"*^N.E-"R&EN[AP\Z<-E,=\:A,4UZVC(XB/Z\2- 9">I.ZCQ4J <[ MBKZ'6[K3/AZ#*4MJ ^T C_^!%30.4$+%H:$@@$D9MA:?'UA]2K=]A)14)[\+ M:(VWQ?1EO%N MN,'4$,0D%H(XJ?;-">E,4EJH=2/CJLE%%J$E5LWO3F0;;1F(PTX*TY2^$93F M2$]CO6G!Z!Q5IXT99[6G-2^-:JVIJQ IK8KUXN93OEX5F[^MM_DRK.&NWA6[ M?'MUGR. :%VX5QL+M &,&^R,=DXA4SZ-!)Z /4K,*:'IQ*BPA-) C;*G"AF,"9=T4 2[I8'&K M!H;.Y 5,OT90641UD45I-:E&O*(VK3AIJC>'Z"FVMH^:F"(,6V=MK&HF ME0,NGD@K6Y*"HJ1D7IOO#ZPTQ[5!F9)*6Y5UXJV9P Q-69JZI+(UB*X\0\D9 M4>E"X#P4I9,%17_#*;$FVX.=S#)(XA @$G1*"R(51D8#5&]#2&YTTOYBB\\/ MK"1/]N1;+(?:D-9,1P;F*TU&$JD:IL+:$T+.B$@']N:A(5T,>%Q#K2L7[12D M?J"7<0IE3.(H:X&3&LOZ8)8TUNOV&M*P@;%5I-6BIQUU;91D -8Z:LDD:YWG M2&FL)XD7AFL-T*IPUK#3,HPQ*6F#U)Y&KPEBP)DCE*VXZ'*.^^WA M73F$C #&@%@(GGBLD%/U/I,26L.N9[F;MS2NLAQ=\-NVSXQV)#9=<8;EM)/X MI-$YV@GO U,-1:D]P_/3IPZV-#CMW9:A1J>EZK=]_K9>%K>WJ]TNOXKM;6L0 METQ"Y@&7@A##E2>0"52W29!K?D2JXR=:'YZ[NCSBSFP@T_G!9 M0DTXF].=W_/B-3ZU:>*U?S[L_75V BXKT<4?FO'Y3#C@-"JO[4XUO6LR7K.X M;HH___(CVWW+LU@S9+'N_/3D:_2\=*BI-UIG<)*I/UN*(09>@B=XJ:V_K;=W M^7)UO8H_#W]_Z9S$$#/BRM<0*%/8@[IM!0%J[!%Z:W%@S]!LCI45_A;K\#L' M].%W;I/4K;\^:. U)J$_=5_Q1;XO9D)T@CN9A/!V;N5S\!*-0J&7AWWE=,+_ M]^YWFO+XDO_IO1]FX(?ZMZD85CBS+S70;+E'VCWWTI[\ M]JF847CO)3-SD>VQ9@>PF7F-^]$2-2_QF)BWZ=P=\TWC=#>M05:G)_ZZ2*CZ MGF\67_/W][OM;K&^"B#4;2S2?FFI)()J2)CU#@&OS>$4H>82);TZUFO# TOH M'E=V BRKD'67S/9DMY?,47CN23);<#^:9+[$8Z)D=NZ.^4IF=],:2&9/_'61 MS#?K("OY=O=QL<.V$% M6#)K7-DF ,M^66RSNWP3W^OY2W?);$]V>\D>>)// ?02;56BS"N[TFOD2 MD8F:V;D_YJN9W4UKH)D]\==&,R_C*VF:&>HU8E9CZ;FB=1,8.=I6$U_]\,@K M[47IA;+BZ)?::]_KI*5K6Z]\)6K7X=K90Q6;3I\:ZD]CSN:G+\VAG]&/1/O; MU8:JZM@9'3Z+$?7.:6PAY@#ZZB4]9[6&234NG_N^0]PZC+1WBE*KE82F'MS!/7R)M5^RR%9W-!&1H)M-TI"<21Z@3]5JERRZ\SD-K M.EEPMC!4&S82'O\K;K['1-O#-%QU'M0X;15PUB,ID*&2 H;WD\9+P),R7N=; MDO'1!FZUIXQ22(.-D&FH!, :&F;-P&IT /?T.&&K ^ =:6VF1>,QFJ9*'<@< MZG&_EWDZHTG]\#L/=>K)EJ=O]_7&4.,G69[2) MH2CMJ:LG7^>*6,L4C(4#J*!":R[F40]?V^-3]OGT+QIH)T+!D)89" MT]^T?T+'&6UI3]T\]*0#_L26":G]I[L04@G %.&"N9HPQ:);E "GL, 6#&#+UYMR_J5Y7RLQW* M*;:G\+R8C,=>JJ!,3ES"(;I1"&QW:*XED$[0_"GX;N<"&O*^3Q<<_S(OM^FNLF*=_18$YEL& MP45P'Y#WY#T:,OB2,^F[ V;@6WHWJ1APP*8E#OZ^V*QB)C7N^99U>)CS'A.- MI76 "$^H")-Q/Q>)UR(E;_#DXU"@L,*F%$IG* W&2,J4\1@93J49O.1PC:8.DD@:)&7PF(PS&8/6O,TC8= >?M'3^&FO%G454^3Q6 H;IA; )G[84"0F(-T'^$#-(DZ%+>SZ: M#*T*:;4A+5TU!N"KDVY,4D+K*2$-M2.1O?FI1ZH!9_2C%1<)YV=;?ZH;R9)(W/=II* M]43T4,7.7^?NW)FT7KF?A\;U;-/3RNB],];N>-O;0^$> AP5VDM@B#.: (4T MJ"E7*^I&.,IVX*;Q<;9T-N>A2)VM.'NLK2TK[53'+#:;'\>[451Y0(7D MD",&%10..KF?-2($@NSR>]#)HIWX/&I*"0X8PMP@ :G@1AD)'0":2:H484G% M?D]1-9Y(50FOPX7W;1?=2:6QC?@,R%]R!/7@=9B_;HKMR^R-(#T/F6FL/RT) MG:,(M37EK!)UXJ>='/UMO;@M-KO5O_.K#YO\=G5_>VFY$2PL32"W!#/!&;.' MN22P[7#@_YG&(/<&&T.M]XXZK[1TRO(0Y3G!!0%DW+#H(CN!F.TQ=I&I-O2V MD:J!F>T4,*61.H)Z/26KL8)UX'F.*M;%G+-*UIFGYFH6UH]A >E7ZT4@P!3; MW?9='K23<0<45-@H+H 2V"E2SS(B,+]I:7L[K4C;S )R6+]^+C\:9Q /WX8$.P@T0@KJ6B( Y6(ESVMIU!98FQ:GOR MH<7BX[ARR_[[?Q,(HO^=K?-=58'PJ$!7<4*MZ@FU/*= @[U?67-W/G.;3O$\ M)DT[Z,^\4-G2_G8K#;W8KK:?[C;YXNK]^G3S"UXJ@[#CC@+J8T2LD8?U-1 I M&,-=DB#GFH50HB RL(0EB@6C_5(8J C@%H!DBZ)M$J(J+N[F]6RW,&]76R^ MKM8=*K3T1W:;]<=(+'=%H QEU?Y\O=ZGO^H5* Q=?\$BID-?-AW<0=(D(23E0]6SFCJHLT MOM:V 1:%* 9Q;! E2@HGPS_9H!::HA!)#:Z/#RLH]:6-G2EO(Y!C]51X(1BAP3EM!2)UNE59QG'BN*:5IKP!W6%+'H*282&DT@\QPZP@6F Y] MF:R;\&;R.2'7W3;GCF"S/=JLA'O0U0>_,G[DF49LPQ5TCSTT#ST=RK@S MJ_#>.6Q>>^%-O[3?XY_V.G SW_O(3& MR! &:^X$H,1(SB4J9[?B0A@ET^+1E):!Y]9;B GAFL92VT0(@3 +C6ICO!T\ M&MV#S4JTV2G:,$LM\Q:YI6S6 Y=KR. R58EFC1U2Z2GF7X-QTR: M0D52*B#9+Q'*7S*UVVU67^YW91IQ5T3MRL>NB?^ G3/*TX[%>6A+2^Q%'^,H M31_^,U]]_18D:E\.OWXK\-.W,#*V)\7Q8^)Q>2FT1@)I%E^(14HY$$*Z_02A M O#$\Y]I;7N+@!448ZT,I0 IZH$'S !DK0@_&SRB*F%DO^]!_[K8OS%Q?-EL M6P)O7[JYY[YH)E;3=4*:F-4X#V]['!]2K+">/O91;9XLQQ6V)";/"-\P/3(/ M81S(MF*,,=V#L-K5S7WXV1,@ZNJ_[K>[F*6\)-A2)C4Q\9Z=LQX2 .IIK975 M/4AL Q0..DR1,)!82C5DFD/)M<$A)F(VC-SJ([,C=T(_<[D$_H[G9$?<,=/=U]+>"YCH4'N6:RQXQU5&BLE:B60A(&4 W.I;6LI@.:*<.XX)2'T-P&$ MLB"6GY4*I"VNT\_4U7-^_-"W?6]T"GY'Z8A!P]^]!3,0XI?93 ^!._?+C(6W M#^N:A<$]L=A4:-UBLXZG<#_DF[+)*NB&V&L)$�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end XML 73 R47.htm IDEA: XBRL DOCUMENT v3.19.3
Held-to-Maturity Securities (Details 1) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Maturities of securities held-to-maturity    
U.S. government notes - at amortized cost, Total $ 13,043 $ 13,001
U.S. Treasury Securities [Member]    
Maturities of securities held-to-maturity    
U.S. government notes - at amortized cost, Within one year 5,079  
U.S. government notes - at amortized cost, After one but within five years 7,964  
U.S. government notes - at amortized cost, After five through ten years 0  
U.S. government notes - at amortized cost, Total 13,043 13,001
U.S. government notes - at fair value, Within one year 5,086  
U.S. government notes - at fair value, After one but within five years 8,039  
U.S. government notes - at fair value, After five through ten years 0  
U.S. government notes - at fair value, Total $ 13,125 $ 12,945

XML 74 R43.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue Unearned Revenue Recognized (Details)
$ in Millions
 9 Months Ended
Sep. 30, 2019
USD ($)
Unearned Revenue [Abstract]  
Deferred Revenue, Revenue Recognized $ 78.9
XML 75 R23.htm IDEA: XBRL DOCUMENT v3.19.3
Net Capital and Regulatory Requirements
 9 Months Ended
Sep. 30, 2019
Brokers and Dealers [Abstract]  
Net Capital and Regulatory Requirements Net Capital and Regulatory Requirements
The Company’s registered broker-dealer, LPL Financial, is subject to the SEC’s Net Capital Rule (Rule 15c3-1 under the Exchange Act), which requires the maintenance of minimum net capital. The net capital rules also provide that the broker-dealer’s capital may not be withdrawn if resulting net capital would be less than minimum requirements. Additionally, certain withdrawals require the approval of the SEC and FINRA to the extent they
exceed defined levels, even if such withdrawals would not cause net capital to be less than minimum requirements. Net capital and the related net capital requirement may fluctuate on a daily basis. LPL Financial is a clearing broker-dealer and had net capital of $178.3 million with a minimum net capital requirement of $8.9 million as of September 30, 2019.
The Company’s subsidiary, PTC, also operates in a highly regulated industry and is subject to various regulatory capital requirements. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have substantial monetary and non-monetary impacts to PTC’s operations.
As of September 30, 2019 and December 31, 2018, LPL Financial and PTC met all capital adequacy requirements to which they were subject.
XML 76 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue (Tables)
 9 Months Ended
Sep. 30, 2019
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue - Reporting Category [Table Text Block]
The following table presents total commission revenue disaggregated by investment product category (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Variable annuities
$
202,131

 
$
201,075

 
$
586,421

 
$
597,613

Mutual funds
148,672

 
155,579

 
438,714

 
470,665

Alternative investments
5,467

 
6,331

 
17,526

 
18,602

Fixed annuities
41,541

 
47,117

 
144,106

 
127,288

Equities
20,149

 
19,082

 
58,213

 
62,071

Fixed income
30,917

 
32,144

 
91,480

 
93,368

Insurance
17,004

 
16,155

 
52,085

 
51,993

Group annuities
8,761

 
9,064

 
26,030

 
27,576

Other
351

 
328

 
912

 
595

Total commission revenue    
$
474,993

 
$
486,875

 
$
1,415,487

 
$
1,449,771
Disaggregation of Revenue - Reporting Category & Timing of Transfer of Good or Service [Table Text Block]
The following table presents sales-based and trailing commission revenues disaggregated by product category (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Sales-based
 
 
 
 
 
 
 
Variable annuities
$
59,948

 
$
57,491

 
$
168,234

 
$
168,487

Mutual funds
36,358

 
33,319

 
109,084

 
107,910

Alternative investments
2,009

 
1,822

 
5,976

 
5,457

Fixed annuities
34,309

 
40,040

 
122,516

 
107,709

Equities
20,149

 
19,082

 
58,213

 
62,071

Fixed income
24,950

 
25,757

 
73,749

 
74,587

Insurance
15,289

 
14,433

 
46,762

 
46,877

Group annuities
979

 
1,273

 
3,426

 
3,615

Other
351

 
328

 
912

 
595

Total sales-based revenue
$
194,342

 
$
193,545

 
$
588,872

 
$
577,308

Trailing
 
 
 
 
 
 
 
Variable annuities
$
142,183

 
$
143,584

 
$
418,187

 
$
429,126

Mutual funds
112,314

 
122,260

 
329,630

 
362,755

Alternative investments
3,458

 
4,509

 
11,550

 
13,145

Fixed annuities
7,232

 
7,077

 
21,590

 
19,579

Fixed income
5,967

 
6,387

 
17,731

 
18,781

Insurance
1,715

 
1,722

 
5,323

 
5,116

Group annuities
7,782

 
7,791

 
22,604

 
23,961

Total trailing revenue
$
280,651

 
$
293,330

 
$
826,615

 
$
872,463

Total commission revenue
$
474,993

 
$
486,875

 
$
1,415,487

 
$
1,449,771
Disaggregation of Revenue - Product and Service [Table Text Block]
The following table sets forth asset-based revenue at a disaggregated level (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Asset-based revenue
 
 
 
 
 
 
 
Client cash
$
162,517

 
$
127,174

 
$
497,471

 
$
352,644

Sponsorship programs
62,861

 
58,065

 
187,417

 
168,074

Recordkeeping
66,762

 
63,656

 
192,166

 
186,116

Total asset-based revenue
$
292,140

 
$
248,895

 
$
877,054

 
$
706,834
Disaggregation of Revenue - Timing of Transfer of Good or Service [Table Text Block]
The following table sets forth transaction and fee revenue disaggregated by recognition pattern (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Transaction and Fee Revenue
 
 
 
 
 
 
 
Point-in-time(1)
$
57,038

 
$
57,675

 
$
163,934

 
$
165,768

Over time(2)
64,184

 
61,266

 
198,103

 
186,277

Total transaction and fee revenue
$
121,222

 
$
118,941

 
$
362,037

 
352,045


_______________________________
(1)
Transaction and fee revenue recognized point-in-time includes revenue such as transaction fees, IRA termination fees, and conference service fees.
(2)
Transaction and fee revenue recognized over time includes revenue such as error and omission insurance fees, IRA custodian fees, and licensing fees.
XML 77 R61.htm IDEA: XBRL DOCUMENT v3.19.3
Leases Maturities of Lease Liabilities at Prior Year End Under ASC Topic 840 (Details)
$ in Thousands
Dec. 31, 2018
USD ($)
Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840  
2019 $ 30,010
2020 30,731
2021 30,590
2022 31,238
2023 30,265
Thereafter 239,118
Total minimum payments under ASC Topic 840 391,952
Non-lease commitments excluded from minimum payments $ 75,700
XML 78 R65.htm IDEA: XBRL DOCUMENT v3.19.3
Stockholdes' Equity (Share Repurchases) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Stockholders' Equity Note [Abstract]            
Amount Remaining $ 619,800       $ 619,800  
Equity, Class of Treasury Stock [Line Items]            
Shares Purchased 1,668,305 1,591,950 1,747,116   5,007,371  
Weighted-Average Price Paid Per Share $ 78.09 $ 78.54 $ 71.57   $ 75.96  
Total Cost $ 130,274 $ 125,000 $ 125,000 $ 122,483 $ 380,341 $ 300,091
Commission Fee Paid Per Repurchased Share         $ 0.02  
XML 80 R69.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation Outstanding Stock Options and Warrant Information (Details)
 9 Months Ended
Sep. 30, 2019
$ / shares
shares
Summary information about outstanding stock options and warrants  
Total number of shares, Outstanding | shares 3,004,402
Weighted-average remaining life (years), Outstanding 5 years 10 months 20 days
Weighted-average exercise price, Outstanding | $ / shares $ 42.58
Number of shares, Exercisable | shares 2,167,111
Weighted-average exercise price, Exercisable | $ / shares $ 33.67
$18.01 - $25.00  
Summary information about outstanding stock options and warrants  
Total number of shares, Outstanding | shares 674,097
Weighted-average remaining life (years), Outstanding 5 years 9 months
Weighted-average exercise price, Outstanding | $ / shares $ 20.30
Number of shares, Exercisable | shares 674,097
Weighted-average exercise price, Exercisable | $ / shares $ 20.30
$25.01 - $35.00  
Summary information about outstanding stock options and warrants  
Total number of shares, Outstanding | shares 733,261
Weighted-average remaining life (years), Outstanding 2 years 4 months 6 days
Weighted-average exercise price, Outstanding | $ / shares $ 31.29
Number of shares, Exercisable | shares 733,261
Weighted-average exercise price, Exercisable | $ / shares $ 31.29
$35.01 - $45.00  
Summary information about outstanding stock options and warrants  
Total number of shares, Outstanding | shares 476,678
Weighted-average remaining life (years), Outstanding 7 years 3 months 25 days
Weighted-average exercise price, Outstanding | $ / shares $ 39.60
Number of shares, Exercisable | shares 293,475
Weighted-average exercise price, Exercisable | $ / shares $ 39.68
$45.01 - $65.00  
Summary information about outstanding stock options and warrants  
Total number of shares, Outstanding | shares 349,558
Weighted-average remaining life (years), Outstanding 5 years 10 days
Weighted-average exercise price, Outstanding | $ / shares $ 48.74
Number of shares, Exercisable | shares 349,558
Weighted-average exercise price, Exercisable | $ / shares $ 48.74
$65.01 - $75.00  
Summary information about outstanding stock options and warrants  
Total number of shares, Outstanding | shares 366,440
Weighted-average remaining life (years), Outstanding 8 years 4 months 2 days
Weighted-average exercise price, Outstanding | $ / shares $ 65.56
Number of shares, Exercisable | shares 115,355
Weighted-average exercise price, Exercisable | $ / shares $ 65.56
$75.01 - $80.00  
Summary information about outstanding stock options and warrants  
Total number of shares, Outstanding | shares 404,368
Weighted-average remaining life (years), Outstanding 9 years 4 months 20 days
Weighted-average exercise price, Outstanding | $ / shares $ 77.53
Number of shares, Exercisable | shares 1,365
Weighted-average exercise price, Exercisable | $ / shares $ 77.53
XML 81 R46.htm IDEA: XBRL DOCUMENT v3.19.3
Held-to-Maturity Securities (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Summary of amortized cost, gross unrealized gain (loss) and fair value of securities held-to-maturity    
U.S. government notes - at amortized cost, Total $ 13,043 $ 13,001
U.S. Treasury Securities [Member]    
Summary of amortized cost, gross unrealized gain (loss) and fair value of securities held-to-maturity    
U.S. government notes - at amortized cost, Total 13,043 13,001
Gross unrealized gain 82  
Gross unrealized loss   (56)
U.S. government notes - at fair value, Total $ 13,125 $ 12,945
XML 82 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 83 R42.htm IDEA: XBRL DOCUMENT v3.19.3
Revenue Transaction and Fee Revenue Disaggregated by Timing of Transfer of Good or Service (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Disaggregation of Revenue [Line Items]        
Transaction And Other Fees $ 121,222 $ 118,941 $ 362,037 $ 352,045
Point-in-time [Member]        
Disaggregation of Revenue [Line Items]        
Transaction And Other Fees 57,038 57,675 163,934 165,768
Over time [Member]        
Disaggregation of Revenue [Line Items]        
Transaction And Other Fees $ 64,184 $ 61,266 $ 198,103 $ 186,277
XML 84 R74.htm IDEA: XBRL DOCUMENT v3.19.3
Related Party Transactions (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Related Party Transaction [Line Items]        
Shareholder Percent Ownership in Company     10.00%  
Revenue from related party transactions $ 1.2 $ 1.0 $ 3.0 $ 2.6
Related party transactions expenses $ 0.5 $ 0.6 $ 1.3 $ 1.8
XML 85 R70.htm IDEA: XBRL DOCUMENT v3.19.3
Restricted Stock Activity (Details)
 9 Months Ended
Sep. 30, 2019
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock units vested and undistributed 50,637
Restricted stock awards [Member]  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Number of Shares, Beginning Balance 7,057
Number of Shares, Granted 9,366
Number of Shares, Vested (8,127)
Number of Shares, Forfeited 0
Number of Shares, Ending Balance 8,296
Number of Shares, Expected to vest 8,296
Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares $ 70.26
Weighted-Average Grant-Date Fair Value, Granted | $ / shares 81.99
Weighted-Average Grant-Date Fair Value, Vested | $ / shares 71.81
Weighted-Average Grant-Date Fair Value, Forfeited | $ / shares 0
Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares 81.99
Weighed-Average Grant-Date Fair Value, Expected to vest | $ / shares $ 81.99
Restricted stock units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Number of Shares, Beginning Balance 910,720
Number of Shares, Granted 287,288
Number of Shares, Vested (348,811)
Number of Shares, Forfeited (39,644)
Number of Shares, Ending Balance 809,553
Number of Shares, Expected to vest 707,986
Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares $ 52.38
Weighted-Average Grant-Date Fair Value, Granted | $ / shares 81.95
Weighted-Average Grant-Date Fair Value, Vested | $ / shares 44.41
Weighted-Average Grant-Date Fair Value, Forfeited | $ / shares 60.48
Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares 65.91
Weighed-Average Grant-Date Fair Value, Expected to vest | $ / shares $ 66.96
XML 86 R3.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 929,536 $ 511,096
Cash segregated under federal and other regulations 526,741 985,195
Restricted cash 52,406 65,828
Receivables from:    
Clients, net of allowance of $730 at September 30, 2019 and $640 at December 31, 2018 418,976 412,944
Product sponsors, broker-dealers, and clearing organizations 171,151 166,793
Advisor loans, net of allowance of $5,168 at September 30, 2019 and $5,080 at December 31, 2018 397,653 298,821
Others, net of allowance of $10,989 at September 30, 2019 and $8,099 at December 31, 2018 268,262 248,711
Securities owned:    
Trading — at fair value 32,774 29,267
Held-to-maturity — at amortized cost 13,043 13,001
Securities borrowed 10,231 4,829
Fixed assets, net of accumulated depreciation and amortization of $364,405 at September 30, 2019 and $308,155 at December 31, 2018 504,410 461,418
Operating lease assets 104,305 0
Goodwill 1,502,679 1,490,247
Intangible assets, net of accumulated amortization of $528,022 at September 30, 2019 and $479,319 at December 31, 2018 456,469 484,171
Other assets 351,912 305,147
Total assets 5,740,548 5,477,468
LIABILITIES:    
Drafts payable 141,423 225,034
Payables to clients 1,119,575 950,946
Payables to broker-dealers and clearing organizations 85,341 76,180
Accrued commission and advisory expenses payable 162,104 164,211
Accounts payable and accrued liabilities 487,399 478,644
Income taxes payable 7,146 32,990
Unearned revenue 85,003 80,524
Securities sold, but not yet purchased — at fair value 206 169
Long-term borrowing, net 2,360,218 2,371,808
Operating lease liabilities 144,194 0
Finance lease liabilities 107,184 0
Leasehold financing and capital lease obligations 0 104,564
Deferred income taxes, net 20,805 18,325
Total liabilities 4,720,598 4,503,395
STOCKHOLDERS' EQUITY:    
Common stock, $.001 par value; 600,000,000 shares authorized; 126,186,912 shares issued at September 30, 2019 and 124,909,796 shares issued at December 31, 2018 126 125
Additional paid-in capital 1,687,021 1,634,337
Treasury stock, at cost — 44,858,459 shares at September 30, 2019 and 39,820,646 shares at December 31, 2018 (2,114,814) (1,730,535)
Retained earnings 1,447,617 1,070,146
Total stockholders' equity 1,019,950 974,073
Total liabilities and stockholders' equity $ 5,740,548 $ 5,477,468
XML 87 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) cash, cash equivalent and restricted cash reconciliation - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]        
Cash and cash equivalents $ 929,536 $ 511,096 $ 768,546  
Cash segregated under federal and other regulations 526,741 985,195 566,128  
Restricted cash 52,406 65,828 58,754  
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 1,508,683 $ 1,562,119 $ 1,393,428 $ 1,625,655
XML 88 R53.htm IDEA: XBRL DOCUMENT v3.19.3
Debt (Credit Agreement Outstanding) (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 21, 2017
Sep. 30, 2019
Dec. 31, 2018
Mar. 10, 2017
Debt Instrument [Line Items]        
Total borrowings   $ 2,370,000 $ 2,381,250  
Debt Instrument, Unamortized Premium   8,958 10,083  
Less Unamortized Debt Issuance Cost   (18,740) (19,525)  
Long-term borrowings — net of unamortized debt issuance cost   2,360,218 2,371,808  
Secured Debt [Member] | Fourth Amendment Agreement Term Loan B [Member]        
Debt Instrument [Line Items]        
Total borrowings   $ 1,470,000 $ 1,481,250  
Interest Rate (as percent)   4.30% 4.73%  
Secured Debt [Member] | Fourth Amendment Agreement Term Loan B [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Applicable margin (as percent) 2.25%      
Unsecured Debt [Member] | Senior Notes Due 2025 [Member]        
Debt Instrument [Line Items]        
Total borrowings   $ 900,000 $ 900,000 $ 500,000
Interest Rate (as percent)   5.75% 5.75%  
Unsecured Debt [Member] | Additional Senior Unsecured Notes due 2025 [Member]        
Debt Instrument [Line Items]        
Total borrowings $ 400,000      
Revolving Credit Facility [Member]        
Debt Instrument [Line Items]        
Total borrowings   $ 0 $ 0  
Applicable margin (as percent)   1.25%    
Interest Rate (as percent)   0.00% 0.00%  
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Applicable margin (as percent) 1.25%      
XML 89 R57.htm IDEA: XBRL DOCUMENT v3.19.3
Leases Components of Lease Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2019
Lease Cost    
Operating lease cost $ 4,366 $ 13,219
Amortization of right-of-use assets 1,164 3,493
Interest on lease liabilities 2,095 6,279
Total finance lease cost $ 3,259 $ 9,772
XML 91 R36.htm IDEA: XBRL DOCUMENT v3.19.3
Organization and Description of the Company Consolidation, Parent Ownership Interest (Details)
 9 Months Ended
Sep. 30, 2019
Lpl Financial Llc [Member]  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]  
Ownership Interest Percentage In Subsidiary 100.00%
Number of States in which Entity Operates 50
Ptc Holdings Inc [Member]  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]  
Ownership Interest Percentage In Subsidiary 100.00%
XML 92 R32.htm IDEA: XBRL DOCUMENT v3.19.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense were as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2019
Operating lease cost
$
4,366

 
$
13,219

Finance lease cost:
 
 
 
Amortization of right-of-use assets
$
1,164

 
$
3,493

Interest on lease liabilities
2,095

 
6,279

Total finance lease cost
$
3,259

 
$
9,772
Schedule of Supplemental Cash Flow information related to leases
Supplemental cash flow information related to leases was as follows (in thousands):
 
Nine Months Ended September 30,
 
2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
14,270

Operating cash flows from finance leases
$
6,279

Financing cash flows from finance leases
$
648
Schedule of Supplemental weighted-average information related to leases
Supplemental weighted average information related to leases was as follows:
 
September 30, 2019
Weighted-average remaining lease term (years):
 
Finance leases
26.7

Operating leases
9.4

Weighted-average discount rate:
 
Finance leases
7.80
%
Operating leases
7.27
%
Schedule of Maturities of Lease Liabilities - Operating Leases
Maturities of lease liabilities as of September 30, 2019 were as follows (in thousands):
 
Operating Leases
 
Finance Leases
2019 - remainder
$
4,923

 
$
2,018

2020
19,964

 
9,084

2021
20,552

 
9,227

2022
21,084

 
8,429

2023
20,706

 
8,576

Thereafter
114,989

 
242,366

Total lease payments
202,218

 
279,700

Less imputed interest
58,024

 
172,516

Total
$
144,194

 
$
107,184
Schedule of Maturities of Lease Liabilities - Finance Leases
Maturities of lease liabilities as of September 30, 2019 were as follows (in thousands):
 
Operating Leases
 
Finance Leases
2019 - remainder
$
4,923

 
$
2,018

2020
19,964

 
9,084

2021
20,552

 
9,227

2022
21,084

 
8,429

2023
20,706

 
8,576

Thereafter
114,989

 
242,366

Total lease payments
202,218

 
279,700

Less imputed interest
58,024

 
172,516

Total
$
144,194

 
$
107,184
Schedule of Maturities of Lease Liabilities under ASC Topic 840
Maturities of lease liabilities as of December 31, 2018 under ASC Topic 840 were as follows (in thousands):
2019
$
30,010

2020
30,731

2021
30,590

2022
31,238

2023
30,265

Thereafter
239,118

Total(1)
$
391,952

_______________________________
(1)
Amounts above exclude $75.7 million related to non-lease commitments from the schedule included in Note 13. Commitments and Contingencies, in the Company’s audited consolidated financial statements and the related notes in the 2018 Annual Report on Form 10-K.
XML 93 R11.htm IDEA: XBRL DOCUMENT v3.19.3
Acquisitions Acquisitions
 9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Acquisitions AcquisitionsOn August 1, 2019, the Company acquired all of the outstanding equity interests of Allen & Company. Under the transaction structure, Allen & Company advisors and staff joined as employees of the Company and Allen & Company will maintain its operations and brand. The Company paid approximately $25 million at closing and also agreed to a potential contingent payment of up to $10 million (“Contingent Payment”), payable approximately six months after the closing date based on the percentage of assets retained by Allen & Company advisors. The fair value of the Contingent Payment is included in accounts payable and accrued liabilities on the unaudited condensed consolidated statements of financial condition. See Note 5. Fair Value Measurements, for additional information.
XML 94 R15.htm IDEA: XBRL DOCUMENT v3.19.3
Debt
 9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Debt Debt
The Company’s outstanding borrowings were as follows (dollars in thousands):
 
 
September 30, 2019
 
December 31, 2018
 
Long-Term Borrowings
 
 
Balance
 
Applicable
Margin
 
Interest Rate
 
 
Balance
 
Applicable
Margin
 
Interest rate
Maturity
Revolving Credit Facility
 
$
—

 
LIBOR+125bps
 
—
%
 
$
—

 
LIBOR+125bps
 
—
%
9/21/2022
Senior Secured Term Loan B(1)
 
1,470,000

 
LIBOR+225 bps
 
4.30
%
 
1,481,250

 
LIBOR+225 bps
 
4.73
%
9/21/2024
Senior Unsecured Notes(1)(2)
 
900,000

 
Fixed Rate
 
5.75
%
 
900,000

 
Fixed Rate
 
5.75
%
9/15/2025
Total long-term borrowings
 
2,370,000

 
 
 
 
 
2,381,250

 
 
 
 
 
Plus: Unamortized Premium
 
8,958

 
 
 
 
 
10,083

 
 
 
 
 
Less: Unamortized Debt Issuance Cost
 
(18,740
)
 
 
 
 
 
(19,525
)
 
 
 
 
 
Net Carrying Value
 
$
2,360,218

 
 
 
 
 
$
2,371,808

 
 
 
 
 
_______________________________
(1)
No leverage or interest coverage maintenance covenants.
(2)
The Senior Unsecured Notes were issued in two separate transactions: $500.0 million in original notes were issued in March 2017 at par; $400.0 million in additional notes were issued in September 2017 and priced at 103.0% of the aggregate principal amount.
The Company is required to make quarterly payments on the Term Loan B facility equal to 0.25% of the original principal amount of the loans under the Term Loan B facility.
Borrowings under the Term Loan B facility bear interest at a rate per annum of 225 basis points over the Eurodollar Rate or 125 basis points over the base rate (as defined in the Credit Agreement), and have no leverage or interest coverage maintenance covenants. Borrowings under the revolving credit facility bear interest at a rate per annum ranging from 125 to 175 basis points over the Eurodollar Rate or 25 to 75 basis points over the base rate, depending on the Consolidated Secured Debt to Consolidated EBITDA Ratio (as defined in the Credit Agreement). The Eurodollar Rate option is the one-, two-, three-, or six-month LIBOR rate, as selected by LPLH, or, with the approval of the applicable lenders, twelve-month LIBOR rate or the LIBOR rate for another period acceptable to the Administrative Agent (including a shorter period).
As of September 30, 2019, the Company had $3.7 million of irrevocable letters of credit, with an applicable interest rate margin of 1.25%, which were supported by the credit facility.
The Credit Agreement subjects the Company to certain financial and non-financial covenants. As of September 30, 2019, the Company was in compliance with such covenants.
Broker-Dealer Credit Facility
On July 31, 2019, LPL Financial, the Company’s registered broker-dealer, entered into a five year, committed, unsecured revolving credit facility, that matures on July 31, 2024 and allows for a maximum borrowing of up to $300.0 million (the “LPL Financial Credit Facility”). LPL Financial incurred approximately $1.5 million in debt issuance costs. Borrowings under the LPL Financial Credit Facility bear interest at a rate per annum ranging from 112.5 to 137.5 basis points over the Federal Funds Rate or Eurodollar Rate, depending on the Parent Leverage Ratio (each as defined in the credit agreement related to the LPL Financial Credit Facility). The credit agreement to the LPL Financial Credit Facility subjects LPL Financial to certain financial and non-financial covenants. LPL Financial was in compliance with such covenants and there were no borrowings outstanding on this credit facility, as of September 30, 2019.
Bank Loans Payable
The Company maintained three uncommitted lines of credit as of September 30, 2019. Two of the lines have unspecified limits, which are primarily dependent on the Company’s ability to provide sufficient collateral. The third line has a $150.0 million limit and allows for both collateralized and uncollateralized borrowings. The Company drew $2.0 million on one of the lines of credit at an interest rate of 3.55% during the three months ended September 30, 2019 and drew a total of $227.0 million at a weighted average interest rate of 3.98% on those three lines of credit during the nine months ended September 30, 2019. There were no balances outstanding at September 30, 2019 or December 31, 2018.
XML 95 R19.htm IDEA: XBRL DOCUMENT v3.19.3
Share-Based Compensation
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Stockholders' Equity Share-Based Compensation
In November 2010, the Company adopted the 2010 Omnibus Equity Incentive Plan (as amended and restated in May 2015, the “2010 Plan”), which provides for the granting of stock options, warrants, restricted stock awards, restricted stock units, deferred stock units, performance stock units, and other equity-based compensation. Since its adoption, awards have been and are only made out of the 2010 Plan.
As of September 30, 2019, the 2010 Plan had 20,055,945 shares authorized for grant and 5,226,458 shares remaining available for future issuance.
Stock Options and Warrants
The following table presents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of its employee and officer stock options that have been granted during the nine months ended September 30, 2019:
Expected life (in years)
5.43

Expected stock price volatility
35.80
%
Expected dividend yield
1.49
%
Risk-free interest rate
2.47
%
Fair value of options
$
24.41


The following table summarizes the Company’s stock option and warrant activity as of and for the nine months ended September 30, 2019:
 
 
Number of
Shares
 
Weighted-
Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
(In thousands)
Outstanding — December 31, 2018
 
3,588,067

 
$
35.38

 
 
 
 
Granted
 
422,397

 
$
77.53

 
 
 
 
Exercised
 
(918,939
)
 
$
30.10

 
 
 
 
Forfeited and Expired
 
(87,123
)
 
$
47.22

 
 
 
 
Outstanding — September 30, 2019
 
3,004,402

 
$
42.58

 
5.89
 
$
118,145

Exercisable — September 30, 2019
 
2,167,111

 
$
33.67

 
4.81
 
$
104,510

Exercisable and expected to vest — September 30, 2019
 
2,935,433

 
$
41.92

 
5.81
 
$
117,359


The following table summarizes information about outstanding stock options and warrants as of September 30, 2019:
 
 
Outstanding
 
Exercisable
Range of Exercise Prices
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining Life
(Years)
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
$19.85 - $25.00
 
674,097

 
$
20.30

 
5.75
 
674,097

 
$
20.30

$25.01 - $35.00
 
733,261

 
$
31.29

 
2.35
 
733,261

 
$
31.29

$35.01 - $45.00
 
476,678

 
$
39.60

 
7.32
 
293,475

 
$
39.68

$45.01 - $65.00
 
349,558

 
$
48.74

 
5.03
 
349,558

 
$
48.74

$65.01 - $75.00
 
366,440

 
$
65.56

 
8.34
 
115,355

 
$
65.56

$75.01 - $80.00
 
404,368

 
$
77.53

 
9.39
 
1,365

 
$
77.53

 
 
3,004,402

 
$
42.58

 
5.89
 
2,167,111

 
$
33.67


The Company recognized share-based compensation related to the vesting of stock options awarded to employees and officers of $2.2 million and $2.5 million during the three months ended September 30, 2019 and 2018, respectively, and $7.4 million and $6.5 million for the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, total unrecognized compensation cost related to non-vested stock options granted to employees and officers was $10.4 million, which is expected to be recognized over a weighted-average period of 1.84 years.
Restricted Stock and Stock Units
The following summarizes the Company’s activity in its restricted stock awards and stock units, which include restricted stock units, deferred stock units, and performance stock units, for the nine months ended September 30, 2019:
 
 
Restricted Stock Awards
 
Stock Units
 
 
Number of
Shares
 
Weighted-Average
Grant-Date
Fair Value
 
Number of
Shares
 
Weighted-Average
Grant-Date
Fair Value
Outstanding — December 31, 2018
 
7,057

 
$
70.26

 
910,720

 
$
52.38

  Granted
 
9,366

 
$
81.99

 
287,288

 
$
81.95

  Vested
 
(8,127
)
 
$
71.81

 
(348,811
)
 
$
44.41

  Forfeited
 
—

 
$
—

 
(39,644
)
 
$
60.48

Nonvested — September 30, 2019
 
8,296

 
$
81.99

 
809,553

(1) 
$
65.91

Expected to vest — September 30, 2019
 
8,296

 
$
81.99

 
707,986

 
$
66.96


_______________________________
(1)
Includes 50,637 vested and undistributed deferred stock units.
The Company grants restricted stock awards and deferred stock units to its directors, restricted stock units to its employees and officers, and performance stock units to its officers. Restricted stock awards and stock units must vest or are subject to forfeiture; however, restricted stock awards are included in shares outstanding upon grant and have the same dividend and voting rights as the Company’s common stock. The Company recognized $4.7 million and $3.6 million of share-based compensation related to the vesting of these restricted stock awards and stock units during the three months ended September 30, 2019 and 2018, respectively, and $13.9 million and $10.6 million during the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, total unrecognized compensation cost for restricted stock awards and stock units was $26.7 million, which is expected to be recognized over a weighted-average remaining period of 2.01 years.
The Company also grants restricted stock units to its advisors and to financial institutions. The Company recognized share-based compensation of $0.5 million and $1.0 million related to the vesting of these awards during the three months ended September 30, 2019 and 2018, respectively, and $2.3 million and $5.5 million during the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, total unrecognized compensation cost for restricted stock units granted to advisors and financial institutions was $5.2 million, which is expected to be recognized over a weighted-average remaining period of 2.23 years.

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®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