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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net Income $ 88,554 $ 27,714
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:    
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration 3,565 3,411
Equity Method Investments 4,118 3,304
Equity-Based and Other Deferred Compensation 177,812 155,174
Goodwill, Impairment Loss 0 28,000
Depreciation, Amortization and Accretion 19,033 22,821
Bad Debt Expense 1,966 1,214
Deferred Taxes (2,509) (2,920)
Decrease (Increase) in Operating Assets:    
Marketable Securities 680 342
Financial Instruments Owned and Pledged as Collateral at Fair Value 20,621 36,728
Securities Purchased Under Agreements to Resell (11,584) 6,870
Accounts Receivable 23,414 (30,743)
Receivable from Employees and Related Parties 1,700 (1,532)
Other Assets (12,991) (7,570)
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (49,915) (69,590)
Accounts Payable and Accrued Expenses (9,140) 1,216
Securities Sold Under Agreements to Repurchase (9,070) (43,713)
Payables to Employees and Related Parties (2,639) 10,097
Taxes Payable 6,148 1,669
Other Liabilities (3,855) 350
Net Cash Provided by Operating Activities 245,908 142,842
Cash Flows From Investing Activities    
Investments Purchased (1,529) (235)
Distributions of Private Equity Investments 107 6,752
Marketable Securities:    
Proceeds from Sales and Maturities 29,482 25,295
Purchases (52,851) (30,859)
Cash Paid for Acquisitions and Deconsolidation of Cash, net of Cash Acquired (2,877) (3,253)
(Increase) Decrease in Restricted Cash (5,385) 0
Loans Receivable 0 (3,500)
Purchase of Furniture, Equipment and Leasehold Improvements (8,511) (12,855)
Net Cash Provided by (Used in) Investing Activities (41,564) (18,655)
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 885 373
Purchase of Noncontrolling Interests (6,482) 0
Distributions to Noncontrolling Interests (25,519) (15,059)
Cash Paid for Deferred and Contingent Consideration (5,050) 0
Short-Term Borrowing 50,000 45,000
Repayment of Short-Term Borrowing (50,000) (45,000)
Repayment of Subordinated Borrowings (6,000) 0
Payment of Notes Payable - Mizuho (120,000) 0
Issuance of Notes Payable 170,000 0
Debt Issuance Costs (2,084) 0
Purchase of Treasury Stock and Noncontrolling Interests (161,778) (152,788)
Excess Tax Benefits Associated with Equity-Based Awards 4,493 9,905
Dividends - Class A Stockholders (37,693) (33,794)
Net Cash Provided by (Used in) Financing Activities (189,228) (191,363)
Effect of Exchange Rate Changes on Cash (17,851) (6,839)
Net Increase (Decrease) in Cash and Cash Equivalents (2,735) (74,015)
Cash and Cash Equivalents-Beginning of Period 448,764 352,160
Cash and Cash Equivalents-End of Period 446,029 278,145
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 11,553 14,062
Payments for Income Taxes 75,213 29,237
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest 0 (1,379)
Dividend Equivalents Issued 5,781 4,814
Receipt of Securities in Settlement of Accounts Receivable $ 0 $ 1,079