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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES:      
Total revenues $ 1,218,341 $ 910,880 $ 662,887
OPERATING EXPENSES:      
Compensation and related expenses 431,465 358,084 265,555
Management fees 304,701 232,703 163,617
Selling, general and administrative 232,911 170,270 134,615
Management contract buyout 1,428    
Intangible amortization 130,718 90,381 64,367
Non-cash changes in fair value of estimated contingent consideration 38,797 6,638 22,294
Depreciation and other amortization 10,675 8,370 6,686
Total operating expenses 1,150,695 866,446 657,134
INCOME FROM OPERATIONS 67,646 44,434 5,753
OTHER INCOME (EXPENSE):      
Interest income 1,164 1,266 222
Interest expense (58,291) (56,448) (41,861)
Amortization of debt financing costs (3,452) (3,498) (4,084)
Gain on sale of investment   5,509  
Loss on extinguishment of borrowings   (21,071) (8,106)
Other (expense) income—net (1,049) (2,350) (3,191)
Income from equity method investments 755 521 1,407
Impairment of equity method investment (11,749)    
Total other expense-net (72,622) (76,071) (55,613)
LOSS BEFORE INCOME TAX (4,976) (31,637) (49,860)
INCOME TAX EXPENSE (BENEFIT) 7,049 9,450 (1,501)
NET LOSS (12,025) (41,087) (48,359)
Non-controlling interest (847) 40,497  
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (12,872) (590)  
Weighted average shares of Class A common stock outstanding:      
Diluted 46,792,389    
Wealth management fees      
REVENUES:      
Total revenues $ 1,149,655 853,033 617,124
Other      
REVENUES:      
Total revenues $ 68,686 $ 57,847 $ 45,763
Class A common stock      
Income (loss) per share of Class A common stock:      
Basic $ (0.28) $ (0.01)  
Diluted $ (0.28) $ (0.01)  
Weighted average shares of Class A common stock outstanding:      
Basic 46,792,389 43,122,782  
Diluted 46,792,389 43,122,782