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Fair Values of Assets and Liabilities (Details 2) (Legg Mason Group, USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Fair Value Assets and Liabilities Measured on Recurring Basis Financial Statement Unobservable Input Level 3    
Assets measured at fair value using significant unobservable inputs, value at beginning of period $ 207,103 $ 199,925
Purchases 3,073 32,815
Sales (3,238) (18,293)
Redemptions/Settlements/Other (130,130) (14,905)
Transfers, Net 0 0
Realized and unrealized gains/(losses), net 17,649 7,561
Assets measured at fair value using significant unobservable inputs, value at end of period 94,457 207,103
Unrealized gains (losses) on Level 3 assets and liabilities still held at the reporting date (1,229) 5,495
Trading proprietary fund products and other investments
   
Fair Value Assets and Liabilities Measured on Recurring Basis Financial Statement Unobservable Input Level 3    
Assets measured at fair value using significant unobservable inputs, value at beginning of period 0 11,378
Purchases 246 0
Sales 0 (11,906)
Redemptions/Settlements/Other 0 0
Transfers, Net 0 0
Realized and unrealized gains/(losses), net 0 528
Assets measured at fair value using significant unobservable inputs, value at end of period 246 0
Equity method investments in proprietary fund products
   
Fair Value Assets and Liabilities Measured on Recurring Basis Financial Statement Unobservable Input Level 3    
Assets measured at fair value using significant unobservable inputs, value at beginning of period 11,778 12,167
Purchases 0 0
Sales 0 0
Redemptions/Settlements/Other (11,705) 0
Transfers, Net 0 0
Realized and unrealized gains/(losses), net (73) (389)
Assets measured at fair value using significant unobservable inputs, value at end of period 0 11,778
Investments in partnerships, LLCs and other
   
Fair Value Assets and Liabilities Measured on Recurring Basis Financial Statement Unobservable Input Level 3    
Assets measured at fair value using significant unobservable inputs, value at beginning of period 28,763 22,167
Purchases 0 6,932
Sales (970) 0
Redemptions/Settlements/Other (1,014) (578)
Transfers, Net 0 0
Realized and unrealized gains/(losses), net 983 242
Assets measured at fair value using significant unobservable inputs, value at end of period 27,762 28,763
Equity method investments in partnerships and LLCs
   
Fair Value Assets and Liabilities Measured on Recurring Basis Financial Statement Unobservable Input Level 3    
Assets measured at fair value using significant unobservable inputs, value at beginning of period 166,438 153,931
Purchases 2,827 25,883
Sales (2,268) (6,387)
Redemptions/Settlements/Other (117,411) (14,168)
Transfers, Net 0 0
Realized and unrealized gains/(losses), net 16,752 7,179
Assets measured at fair value using significant unobservable inputs, value at end of period 66,338 166,438
Other Investments
   
Fair Value Assets and Liabilities Measured on Recurring Basis Financial Statement Unobservable Input Level 3    
Assets measured at fair value using significant unobservable inputs, value at beginning of period 124 282
Purchases 0 0
Sales 0 0
Redemptions/Settlements/Other 0 (159)
Transfers, Net 0 0
Realized and unrealized gains/(losses), net (13) 1
Assets measured at fair value using significant unobservable inputs, value at end of period $ 111 $ 124