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Business Information
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Business Information

17.

BUSINESS INFORMATION

The Company’s activities providing strategic advisory, shareholder advisory, restructuring and special situations and private fund advisory and placement services constitute a single reportable segment. An operating segment is a component of an entity which conducts business, incurs revenues and expenses for which discrete financial information is available that is reviewed by the chief operating decision maker in assessing performance and making resource allocation decisions. The Company has a single operating segment and therefore a single reportable segment.

The Company is organized as one operating segment in order to maximize the value of advice to clients by drawing upon the diversified expertise and broad relationships of senior professionals across the Company. The chief operating decision maker assesses performance and allocates resources based on broad considerations, including the market opportunity, available expertise across the Company and the strength and efficacy of professionals’ collaboration, and not based upon profit or loss measures for the Company’s separate product lines.

Since the financial markets are global in nature, the Company generally manages its business based on the operating results of the Company taken as a whole, not by geographic region. The following tables set forth the geographical distribution of revenues and assets based on the location of the office that generates the revenues or holds the assets and therefore may not be reflective of the geography in which the Company’s clients are located.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

$

154,633

 

 

$

121,003

 

 

$

276,927

 

 

$

232,598

 

International

 

 

12,071

 

 

 

9,667

 

 

 

17,833

 

 

 

32,114

 

Total

 

$

166,704

 

 

$

130,670

 

 

$

294,760

 

 

$

264,712

 

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Assets

 

 

 

 

 

 

 

 

Domestic

 

$

703,612

 

 

$

628,437

 

International

 

 

97,932

 

 

 

43,380

 

Total

 

$

801,544

 

 

$

671,817

 

 

The Company had one client that represented 10.5% of total revenues for the three months ended June 30, 2019. The Company is not subject to any material concentrations with respect to its revenues for the six months ended June 30, 2019 or three and six months ended June 30, 2018. The Company is not subject to any material concentrations of credit risk with respect to its accounts receivable as of June 30, 2019 and December 31, 2018.