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Business Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Segment and Geographic Information |
Schedule of information regarding revenue by client sector | The Company operates electronic marketplaces for the trading of products across the rates, credit, equities and money markets asset classes and provides related pre-trade and post-trade services. The Company’s operations constitute a single business segment because of the integrated nature of these marketplaces and services. Information regarding revenue by client sector is as follows (in thousands):
|  | Successor |  |  | Successor |  | Predecessor |  | Predecessor
|  | Year Ended |  |  | October 1, 2018 to |  | January 1, 2018 to |  | Year Ended
|  | December 31, |  |  | December 31, |  | September 30, |  | December 31,
|  | 2019 |  |  | 2018 |  | 2018 |  | 2017
Net revenue: |  |  |  |  |  |  |  |  |  |  |  |  |
Institutional |  | $ | 453,379 |  |  | $ | 103,971 |  | $ | 301,918 |  | $ | 318,038
Wholesale |  |  | 171,096 |  |  |  | 38,153 |  |  | 99,028 |  |  | 118,451
Retail |  |  | 80,368 |  |  |  | 19,780 |  |  | 57,766 |  |  | 70,857
Market Data |  |  | 70,723 |  |  |  | 16,733 |  |  | 47,059 |  |  | 55,622
Contingent consideration |  |  | — |  |  |  | — |  |  | (26,830) |  |  | (58,520)
Net revenue |  |  | 775,566 |  |  |  | 178,637 |  |  | 478,941 |  |  | 504,448
Operating expenses |  |  | 585,747 |  |  |  | 146,702 |  |  | 338,607 |  |  | 415,356
Operating income |  | $ | 189,819 |  |  | $ | 31,935 |  | $ | 140,334 |  | $ | 89,092
Schedule of revenue and long-lived assets by geographic location | The following table provides a breakdown of revenue by geographic area for the year ended December 31, 2019, the 2018 Successor Period, the 2018 Predecessor Period and the year ended December 31, 2017 (in thousands):
|  | Successor |  |  | Successor |  | Predecessor |  | Predecessor
|  | Year Ended |  |  | October 1, 2018 to |  | January 1, 2018 to |  | Year Ended
|  | December 31, |  |  | December 31, |  | September 30, |  | December 31,
|  | 2019 |  |  | 2018 |  | 2018 |  | 2017
Net Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 497,316 |  |  | $ | 115,907 |  | $ | 324,304 |  | $ | 385,176
International |  |  | 278,250 |  |  |  | 62,730 |  |  | 181,467 |  |  | 177,792
Gross revenue |  |  | 775,566 |  |  |  | 178,637 |  |  | 505,771 |  |  | 562,968
Contingent consideration |  |  | — |  |  |  | — |  |  | (26,830) |  |  | (58,520)
Total |  | $ | 775,566 |  |  | $ | 178,637 |  | $ | 478,941 |  | $ | 504,448
The following table provides information on the attribution of long-lived assets by geographic area (in thousands):
|  | Successor |  | Successor
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
Long-lived assets |  |  |  |  |  |
U.S. |  | $ | 4,200,133 |  | $ | 4,276,568
International |  |  | 14,100 |  |  | 7,787
Total |  | $ | 4,214,233 |  | $ | 4,284,355

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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