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Equity-Based Compensation Expenses (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Equity-Based Compensation Expense
The following table presents information regarding the impact of equity-based compensation grants on the Company’s consolidated statements of comprehensive income (loss):
 Year Ended December 31,
 201920182017
 (dollars in thousands)
Expense recorded within compensation and benefits$127,505  $87,130  $84,169  
Corresponding tax benefit$7,738  $2,811  $4,720  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following tables present activity related to the Company’s unvested equity awards for the year ended December 31, 2019:
Equity-Classified RSUsLiability-Classified RSUsPSUs
 Unvested RSUsWeighted-Average
Grant-Date Fair Value
Unvested RSUsWeighted-Average
Grant-Date Fair Value
Unvested PSUsWeighted-Average
Grant-Date Fair Value
December 31, 20183,784,536  $30.00  433,133  $66.75  1,000,000  $11.82  
Granted1,890,579  15.33  65,277  15.25  —  —  
Vested(1,621,849) 27.86  (113,857) 64.11  —  —  
Canceled or forfeited(283,431) 25.64  —  —  —  —  
December 31, 20193,769,835  $23.94  384,553  $58.44  1,000,000  $11.82  

Group A UnitsGroup E UnitsGroup P Units
 Unvested Group A UnitsWeighted-Average
Grant-Date Fair Value
Unvested Group E UnitsWeighted-Average
Grant-Date Fair Value
Unvested Group P Units
Weighted-Average
Grant-Date Fair Value
December 31, 201874,962  $105.26  —  $—  3,660,000  $12.46  
Granted—  —  13,684,124  8.61  225,000  5.94  
Vested(24,271) 105.26  (3,889,242) 8.63  (225,000) 5.94  
Canceled or forfeited(26,421) 105.26  (233,303) 8.12  (475,000) 12.46  
December 31, 201924,270  $105.26  9,561,579  $8.62  3,185,000  $12.46  
Settlement of Restricted Share Units
The following table presents information related to the settlement of RSUs: 
 Year Ended December 31,
 201920182017
 (dollars in thousands)
Fair value of RSUs settled in Class A Shares$24,131  $12,044  $13,016  
Fair value of RSUs settled in cash$2,570  $3,879  $130  
Fair value of RSUs withheld to satisfy tax withholding obligations$3,727  $4,436  $7,577  
Number of RSUs withheld to satisfy tax withholding obligations300,714  329,591  280,269