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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule Of Financial Information About Business Segments
The following tables highlight certain financial information about each of the Company’s business segments for the three months ended June 30, 2020 and 2019:
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Three Months Ended June 30, 2020
Revenues$107,726  $93,708  $76,523  $119,340  $3,349  $400,646  
Expenses107,723  50,149  36,937  74,668  13,466  282,943  
Operating profit (loss)$ $43,559  $39,586  $44,672  $(10,117) $117,703  
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Three Months Ended June 30, 2019
Revenues$116,092  $100,122  $81,109  $109,202  $3,061  $409,586  
Expenses107,790  50,558  39,361  68,371  6,797  272,877  
Operating profit (loss)$8,302  $49,564  $41,748  $40,831  $(3,736) $136,709  
The following tables highlight certain financial information about each of the Company’s business segments for the six months ended June 30, 2020 and 2019:
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Six Months Ended June 30, 2020
Revenues$220,947  $196,029  $155,726  $235,969  $6,737  $815,408  
Expenses218,376  102,581  75,204  148,957  24,376  569,494  
Operating profit (loss)$2,571  $93,448  $80,522  $87,012  $(17,639) $245,914  
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Six Months Ended June 30, 2019
Revenues$234,351  $194,883  $161,222  $213,851  $6,099  $810,406  
Expenses218,752  103,060  78,115  137,437  12,737  550,101  
Operating profit (loss)$15,599  $91,823  $83,107  $76,414  $(6,638) $260,305  
Reconciliation Of Total Operating Profit Reported For Business Segments To Income From Operations In Consolidated Statements Of Operations
A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the three months ended June 30, 2020 and 2019 is as follows:
20202019
Total operating profit from segments$117,703  $136,709  
Corporate overhead expenses(17,391) (16,573) 
Income from operations$100,312  $120,136  
A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the six months ended June 30, 2020 and 2019 is as follows:
20202019
Total operating profit from segments$245,914  $260,305  
Corporate overhead expenses(35,374) (36,608) 
Income from operations$210,540  $223,697  
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
The following tables provide additional information for the three months ended June 30, 2020 and 2019 pertaining to our business segments:
 Capital Expenditures (1)Depreciation
 2020201920202019
Private Banks$6,634  $8,761  $3,965  $3,585  
Investment Advisors3,803  4,558  1,172  1,165  
Institutional Investors1,029  1,049  301  414  
Investment Managers7,259  4,875  1,869  1,820  
Investments in New Businesses332  344  76  110  
Total from business segments$19,057  $19,587  $7,383  $7,094  
Corporate overhead798  586  257  328  
$19,855  $20,173  $7,640  $7,422  
(1) Capital expenditures include additions to property and equipment and capitalized software.
 Amortization
 20202019
Private Banks$7,464  $7,217  
Investment Advisors2,664  2,550  
Institutional Investors427  427  
Investment Managers2,342  2,346  
Investments in New Businesses185  185  
Total from business segments$13,082  $12,725  
Corporate overhead58  56  
$13,140  $12,781  
The following tables provide additional information for the six months ended June 30, 2020 and 2019 pertaining to our business segments:
 Capital Expenditures (1)Depreciation
 2020201920202019
Private Banks$16,559  $17,222  $7,847  $7,134  
Investment Advisors9,193  8,505  2,323  2,344  
Institutional Investors2,387  1,920  603  819  
Investment Managers16,291  8,224  3,681  3,591  
Investments in New Businesses750  585  146  201  
Total from business segments$45,180  $36,456  $14,600  $14,089  
Corporate Overhead1,795  971  513  664  
$46,975  $37,427  $15,113  $14,753  
(1) Capital expenditures include additions to property and equipment and capitalized software.
 Amortization
 20202019
Private Banks$14,885  $14,358  
Investment Advisors5,316  5,073  
Institutional Investors854  860  
Investment Managers4,677  4,685  
Investments in New Businesses370  370  
Total from business segments$26,102  $25,346  
Corporate Overhead115  114  
$26,217  $25,460