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Investments in Unconsolidated Subsidiaries | 9 Months Ended
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Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Unconsolidated Subsidiaries |
6. | Investments in Unconsolidated Subsidiaries
Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging up to 5.0% in our Global Investment Management segment, up to 10.0% in our Development Services segment, and up to 50% in our other business segments. Combined condensed financial information for the entities actually accounted for using the equity method is as follows (dollars in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Global Investment Management |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 418,028 |  |  | $ | 221,245 |  |  | $ | 902,932 |  |  | $ | 728,144 |
Operating income (loss) |  | $ | 93,491 |  |  | $ | (26,625 | ) |  | $ | 155,869 |  |  | $ | (107,351 | )
Net income (loss) |  | $ | 52,477 |  |  | $ | 56,182 |  |  | $ | 118,348 |  |  | $ | (175,014 | )
Development Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 26,179 |  |  | $ | 22,690 |  |  | $ | 57,255 |  |  | $ | 42,265 |
Operating income |  | $ | 26,027 |  |  | $ | 13,316 |  |  | $ | 184,136 |  |  | $ | 54,664 |
Net income |  | $ | 19,745 |  |  | $ | 9,812 |  |  | $ | 169,837 |  |  | $ | 47,299 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 40,292 |  |  | $ | 52,535 |  |  | $ | 106,807 |  |  | $ | 126,101 |
Operating income |  | $ | 6,130 |  |  | $ | 10,961 |  |  | $ | 20,418 |  |  | $ | 25,592 |
Net income |  | $ | 6,135 |  |  | $ | 11,126 |  |  | $ | 20,506 |  |  | $ | 26,027 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 484,499 |  |  | $ | 296,470 |  |  | $ | 1,066,994 |  |  | $ | 896,510 |
Operating income (loss) |  | $ | 125,648 |  |  | $ | (2,348 | ) |  | $ | 360,423 |  |  | $ | (27,095 | )
Net income (loss) |  | $ | 78,357 |  |  | $ | 77,120 |  |  | $ | 308,691 |  |  | $ | (101,688 | )

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=64825282&loc=d3e32847-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=64825282&loc=d3e32787-111569 + Details
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