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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows From Operating Activities    
Net Income $ 250,695 $ 180,606
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration (26) 239
Equity Method Investments 2,535 1,863
Equity-Based and Other Deferred Compensation 208,858 163,094
Impairment of Goodwill and Equity Method Investments 0 21,507
Depreciation, Amortization and Accretion 21,432 18,453
Bad Debt Expense 2,244 2,547
Deferred Taxes (1,091) (1,849)
Decrease (Increase) in Operating Assets:    
Marketable Securities 242 707
Financial Instruments Owned and Pledged as Collateral at Fair Value (2,142) (1,526)
Securities Purchased Under Agreements to Resell 7,457 2,910
Accounts Receivable (51,341) 23,423
Receivable from Employees and Related Parties (6,878) (2,102)
Other Assets (59,145) 10,047
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (51,246) (52,481)
Accounts Payable and Accrued Expenses 5,379 (96)
Securities Sold Under Agreements to Repurchase (5,303) (1,405)
Payables to Employees and Related Parties 3,001 471
Taxes Payable (11,267) (18,471)
Other Liabilities (2,758) (21,624)
Net Cash Provided by Operating Activities 310,646 326,313
Cash Flows From Investing Activities    
Investments Purchased (45) (857)
Distributions of Private Equity Investments 2,143 1,140
Marketable Securities:    
Proceeds from Sales and Maturities 162,318 38,436
Purchases (304,950) (22,347)
Maturity of Certificates of Deposit 63,527 0
Purchase of Certificates of Deposit (100,000) (63,417)
Purchase of Furniture, Equipment and Leasehold Improvements (11,881) (25,142)
Net Cash Provided by (Used in) Investing Activities (188,888) (72,187)
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 1,165 110
Distributions to Noncontrolling Interests (30,374) (26,315)
Short-Term Borrowing 30,000 30,000
Repayment of Short-Term Borrowing (30,000) (30,000)
Repayment of Subordinated Borrowings (6,799) (9,751)
Purchase of Treasury Stock and Noncontrolling Interests (212,959) (301,001)
Dividends - Class A Stockholders (57,448) (40,723)
Net Cash Provided by (Used in) Financing Activities (306,415) (377,680)
Effect of Exchange Rate Changes on Cash 1,711 5,541
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (182,946) (118,013)
Cash, Cash Equivalents and Restricted Cash-Beginning of Period 617,385 575,637
Cash, Cash Equivalents and Restricted Cash-End of Period 434,439 457,624
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 16,008 16,745
Payments for Income Taxes 47,989 88,865
Accrued Dividends 9,092 7,054
Settlement of Contingent Consideration $ 0 $ 10,780