Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income (Loss) Before Income Taxes

The Company’s pretax income (loss) is associated with activities in domestic and international jurisdictions, as follows:

	Year Ended December 31,
	2016			2015			2014
Income (Loss) Before Provision for Taxes
Domestic	$	38,360		$	29,581		$	8,952
International		(23,860	)		(35,517	)		(1,414	)
Total	$	14,500		$	(5,936	)	$	7,538

Summary of Income Tax Expense (Benefit)

The Provision for Income Taxes consists of the following:

	Year Ended December 31,
	2016			2015			2014
Current
Federal Income Tax	$	4,131		$	50		$	—
State and Local Income Tax		2,777			3,576			3,495
Foreign Income Tax		191			331			319
		7,099			3,957			3,814
Deferred
Federal Income Tax		2,376			(3,698	)		—
State and Local Income Tax		(20	)		(17	)		(768	)
Foreign Income Tax		(63	)		(3	)		—
		2,293			(3,718	)		(768	)
Provision for Taxes	$	9,392		$	239		$	3,046

Summary of Company's Tax Position

The following table summarizes the Company’s tax position:

	Year Ended December 31,
	2016			2015			2014
Income (Loss) Before Provision for Taxes	$	14,500		$	(5,936	)	$	7,538
Provision for Taxes	$	9,392		$	239		$	3,046
Effective Income Tax Rate		64.8	%		-4.0	%		40.4	%

Reconciliation of Provision for Taxes to the U.S Federal Statutory Tax Rate

The following table reconciles the effective income tax rate to the U.S. federal statutory tax rate:

	Year Ended December 31,
	2016			2015			2014
Expected Income Tax Expense (Benefit) at the    Federal Statutory Rate		35.0	%		35.0	%		35.0	%
Permanent Differences for Compensation		33.4	%		-24.9	%		—
Accrual to Blackstone Related to Employee    Matters Agreement		9.9	%		—			—
Partnership (Income) Loss Not Subject to    U.S. Corporate Income Taxes		-21.2	%		54.2	%		-35.0	%
Foreign Income Taxes		0.9	%		-4.9	%		4.2	%
State and Local Income Taxes, Net of    Federal Benefit		14.0	%		-63.2	%		36.2	%
Return to Provision		-6.4	%		—			—
Other		-0.8	%		-0.2	%		—
Effective Income Tax Rate		64.8	%		-4.0	%		40.4	%

Summary of the Tax Effects of Temporary Differences

A summary of the tax effects of the temporary differences is as follows:

	December 31,
	2016			2015
Deferred Tax Assets
Tax Basis Step-Up from Blackstone	$	51,321		$	57,046
Deferred Compensation		22,570			15,173
Net Operating Loss		4,879			2,919
Deferred Rent		3,506			—
Partner Exchange Basis Step-Up		1,135			—
Other		973			3,184
Deferred Tax Assets Before Valuation Allowance		84,384			78,322
Valuation Allowance		(5,347	)		(2,222	)
Total Deferred Tax Assets	$	79,037		$	76,100
Deferred Tax Liabilities
Intangible Assets	$	3,164		$	5,008
Fixed Assets		2,408			—
Other		2,508			2,404
Total Deferred Tax Liabilities		8,080			7,412
Deferred Tax Asset, Net	$	70,957		$	68,688

Schedule of Unrecognized Tax Benefits Excluding Related Interest and Penalties

The Company’s unrecognized tax benefits, excluding related interest and penalties, were:

	Year Ended December 31,
	2016		2015		2014
Unrecognized Tax Benefits — January 1	$	—	$	—	$	5
Additions for Tax Positions of Prior Years		—		—		56
Settlements		—		—		(61	)
Unrecognized Tax Benefits — December 31	$	—	$	—	$	—