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Segment Operating Results (Tables) | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Information Regarding Operations By Segment | The following information provides a reasonable representation of each segment’s contribution.
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Investment Banking |  |  |  |  |  |  |
Net Revenues (1) | $ | 163,645 |  |  | $ | 133,415 |  |  | $ | 477,846 |  |  | $ | 370,364 |
Operating Expenses | 126,472 |  |  | 106,897 |  |  | 369,927 |  |  | 304,556 |
Other Expenses (2) | 7,427 |  |  | 12,057 |  |  | 26,738 |  |  | 40,062 |
Operating Income | 29,746 |  |  | 14,461 |  |  | 81,181 |  |  | 25,746 |
Income (Loss) from Equity Method Investments | — |  |  | (200 | ) |  | 460 |  |  | 1,395 |
Pre-Tax Income from Continuing Operations | $ | 29,746 |  |  | $ | 14,261 |  |  | $ | 81,641 |  |  | $ | 27,141 |
Identifiable Segment Assets | $ | 611,266 |  |  | $ | 519,000 |  |  | $ | 611,266 |  |  | $ | 519,000 |
Investment Management |  |  |  |  |  |  |
Net Revenues (1) | $ | 23,683 |  |  | $ | 19,614 |  |  | $ | 68,910 |  |  | $ | 57,960 |
Operating Expenses | 20,968 |  |  | 19,152 |  |  | 61,853 |  |  | 58,467 |
Other Expenses (2) | 593 |  |  | 678 |  |  | 1,939 |  |  | 1,942 |
Operating Income (Loss) | 2,122 |  |  | (216 | ) |  | 5,118 |  |  | (2,449 | )
Income from Equity Method Investments | 562 |  |  | 615 |  |  | 1,873 |  |  | 2,124 |
Pre-Tax Income (Loss) from Continuing Operations | $ | 2,684 |  |  | $ | 399 |  |  | $ | 6,991 |  |  | $ | (325 | )
Identifiable Segment Assets | $ | 492,075 |  |  | $ | 509,764 |  |  | $ | 492,075 |  |  | $ | 509,764 |
Total |  |  |  |  |  |  |
Net Revenues (1) | $ | 187,328 |  |  | $ | 153,029 |  |  | $ | 546,756 |  |  | $ | 428,324 |
Operating Expenses | 147,440 |  |  | 126,049 |  |  | 431,780 |  |  | 363,023 |
Other Expenses (2) | 8,020 |  |  | 12,735 |  |  | 28,677 |  |  | 42,004 |
Operating Income | 31,868 |  |  | 14,245 |  |  | 86,299 |  |  | 23,297 |
Income from Equity Method Investments | 562 |  |  | 415 |  |  | 2,333 |  |  | 3,519 |
Pre-Tax Income from Continuing Operations | $ | 32,430 |  |  | $ | 14,660 |  |  | $ | 88,632 |  |  | $ | 26,816 |
Identifiable Segment Assets | $ | 1,103,341 |  |  | $ | 1,028,764 |  |  | $ | 1,103,341 |  |  | $ | 1,028,764 |
(1) | Net revenues include Other Revenue, net, allocated to the segments as follows:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Investment Banking (A) | $ | (330 | ) |  | $ | (435 | ) |  | $ | (966 | ) |  | $ | (2,407 | )
Investment Management (B) | (555 | ) |  | (820 | ) |  | (1,854 | ) |  | (2,274 | )
Total Other Revenue, net | $ | (885 | ) |  | $ | (1,255 | ) |  | $ | (2,820 | ) |  | $ | (4,681 | )
(A) | Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,098 and $3,281 for the three and nine months ended September 30, 2013, respectively, and $1,082 and $3,227 for the three and nine months ended September 30, 2012, respectively.
(B) | Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $927 and $2,770 for the three and nine months ended September 30, 2013, respectively, and $914 and $2,727 for the three and nine months ended September 30, 2012, respectively.
(2) | Other Expenses are as follows:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Investment Banking |  |  |  |  |  |  |
Amortization of LP Units and Certain Other Awards | $ | 4,304 |  |  | $ | 4,866 |  |  | $ | 13,513 |  |  | $ | 13,577 |
Acquisition Related Compensation Charges | 3,123 |  |  | 6,802 |  |  | 13,225 |  |  | 22,799 |
Special Charges | — |  |  | — |  |  | — |  |  | 662 |
Intangible Asset Amortization | — |  |  | 389 |  |  | — |  |  | 3,024 |
Total Investment Banking | 7,427 |  |  | 12,057 |  |  | 26,738 |  |  | 40,062 |
Investment Management |  |  |  |  |  |  |
Amortization of LP Units and Certain Other Awards | 511 |  |  | 596 |  |  | 1,693 |  |  | 1,696 |
Intangible Asset Amortization | 82 |  |  | 82 |  |  | 246 |  |  | 246 |
Total Investment Management | 593 |  |  | 678 |  |  | 1,939 |  |  | 1,942 |
Total Other Expenses | $ | 8,020 |  |  | $ | 12,735 |  |  | $ | 28,677 |  |  | $ | 42,004 |
Revenues Derived from Clients and Private Equity Funds by Geographical Areas | The Company’s revenues were derived from clients and private equity funds located and managed in the following geographical areas:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Net Revenues: (1) |  |  |  |  |  |  |
United States | $ | 131,499 |  |  | $ | 114,018 |  |  | $ | 379,950 |  |  | $ | 315,085 |
Europe and Other | 37,465 |  |  | 30,860 |  |  | 112,331 |  |  | 90,491 |
Latin America | 19,249 |  |  | 9,406 |  |  | 57,295 |  |  | 27,429 |
Total | $ | 188,213 |  |  | $ | 154,284 |  |  | $ | 549,576 |  |  | $ | 433,005 |
(1) | Excludes Other Revenue and Interest Expense.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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