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Investments in Unconsolidated Subsidiaries

9 Months Ended

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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- References

No definition available.

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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

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