XML 68 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Och-Ziff Funds Segment Results
Och-Ziff Funds Segment Results
 
Three Months Ended March 31,
 
2017
 
2016
 
 
 
 
 
(dollars in thousands)
Och-Ziff Funds Segment:
 
 
 
Economic Income Revenues
$
126,724

 
$
166,769

Economic Income
$
43,446

 
$
(119,939
)
Reconciliation of Och-Ziff Funds Segment Revenues to Consolidated Revenues
Reconciliation of Och-Ziff Funds Segment Revenues to Consolidated Revenues
 
Three Months Ended March 31,
 
2017
 
2016
 
 
 
 
 
(dollars in thousands)
Total consolidated revenues
$
139,152

 
$
188,442

Adjustment to management fees(1) 
(5,444
)
 
(12,531
)
Adjustment to incentive income(2) 
—

 
—

Other Operations revenues
(6,489
)
 
(8,776
)
Income of consolidated Och-Ziff funds
(495
)
 
(366
)
Economic Income Revenues - Och-Ziff Funds Segment
$
126,724

 
$
166,769

_______________
(1)
Adjustment to present management fees net of recurring placement and related service fees, as management considers these fees a reduction in management fees, not an expense. The impact of eliminations related to the consolidated Och-Ziff funds is also removed.
(2)
Adjustment to exclude the impact of eliminations related to the consolidated Och-Ziff funds.
Reconciliation of Och-Ziff Funds Economic Income to Net Income Allocated to Class A Shareholders
Reconciliation of Och-Ziff Funds Segment Economic Income to Loss Attributable to Class A Shareholders
 
Three Months Ended March 31,
 
2017
 
2016
 
 
 
 
 
(dollars in thousands)
Net Loss Attributable to Class A Shareholders—GAAP
$
(7,164
)
 
$
(69,356
)
Change in redemption value of Preferred Units
2,853

 
—

Net Loss Attributable to Och-Ziff Capital Management Group LLC—GAAP
$
(4,311
)
 
$
(69,356
)
Net income (loss) attributable to the Och-Ziff Operating Group A Units
9,635

 
(88,019
)
Equity-based compensation, net of RSUs settled in cash
18,478

 
18,542

Income taxes
12,056

 
18,539

Allocations to Och-Ziff Operating Group D Units
3,360

 
875

Adjustment for expenses related to compensation and profit-sharing arrangements based on fund investment performance
1,979

 
1,264

Changes in tax receivable agreement liability
—

 
(145
)
Depreciation and amortization and loss on disposal of fixed assets
4,212

 
3,402

Other adjustments
(1,011
)
 
(431
)
Other Operations
(952
)
 
(4,610
)
Economic Income - Och-Ziff Funds Segment
$
43,446

 
$
(119,939
)