XML 33 R15.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Marketable Securities and Certificates of Deposit | 12 Months Ended
--- | ---
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract] |
Marketable Securities and Certificates of Deposit | Marketable Securities and Certificates of Deposit The amortized cost and estimated fair value of the Company's Marketable Securities as of December 31, 2018 and 2017 were as follows:
| December 31, 2018 |  | December 31, 2017
| Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Securities Investments - Debt Securities | $ | 1,622 |  |  | $ | 10 |  |  | $ | — |  |  | $ | 1,632 |  |  | $ | 1,806 |  |  | $ | — |  |  | $ | 11 |  |  | $ | 1,795 |
Securities Investments - Equity Securities | 666 |  |  | — |  |  | 410 |  |  | 256 |  |  | 5,388 |  |  | — |  |  | 4,144 |  |  | 1,244 |
Debt Securities Carried by EGL | 147,009 |  |  | 954 |  |  | — |  |  | 147,963 |  |  | 34,233 |  |  | 87 |  |  | 26 |  |  | 34,294 |
Investment Funds | 56,296 |  |  | 402 |  |  | 1,922 |  |  | 54,776 |  |  | 22,027 |  |  | 5,678 |  |  | 6 |  |  | 27,699 |
Total | $ | 205,593 |  |  | $ | 1,366 |  |  | $ | 2,332 |  |  | $ | 204,627 |  |  | $ | 63,454 |  |  | $ | 5,765 |  |  | $ | 4,187 |  |  | $ | 65,032 |
Scheduled maturities of the Company's available-for-sale debt securities within the Securities Investments portfolio as of December 31, 2018 and 2017 were as follows:
| December 31, 2018 |  | December 31, 2017
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due within one year | $ | 391 |  |  | $ | 391 |  |  | $ | 204 |  |  | $ | 204 |
Due after one year through five years | 1,231 |  |  | 1,241 |  |  | 1,602 |  |  | 1,591 |
Total | $ | 1,622 |  |  | $ | 1,632 |  |  | $ | 1,806 |  |  | $ | 1,795 |
Since the Company has the ability and intent to hold available-for-sale securities until a recovery of fair value is equal to an amount approximating its amortized cost, which may be at maturity, and has not incurred credit losses on its securities, it does not consider such unrealized loss positions to be other-than-temporarily impaired at December 31, 2018. Securities Investments - Debt Securities Securities Investments - Debt Securities are classified as available-for-sale securities within Marketable Securities on the Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had net realized losses of ($28), ($38) and ($46) for the years ended December 31, 2018, 2017 and 2016, respectively. Securities Investments - Equity Securities Securities Investments - Equity Securities are carried at fair value with changes in fair value recorded in Other Revenue, Including Interest and Investments, beginning on January 1, 2018, on the Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of ($193), $64 and ($1,403) for the years ended December 31, 2018, 2017 and 2016, respectively. Debt Securities Carried by EGL EGL invests in a fixed income portfolio consisting primarily of U.S. Treasury bills and municipal bonds. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of $546, ($865) and ($937) for the years ended December 31, 2018, 2017 and 2016, respectively. Investment Funds The Company invests in a portfolio of exchange-traded funds and mutual funds as an economic hedge against the Company's deferred cash compensation program. See Note 18 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest and Investments, on the Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of ($5,113), $4,088 and $2,128 for the years ended December 31, 2018, 2017 and 2016, respectively. Certificates of Deposit At December 31, 2018 and 2017, the Company held certificates of deposit of $100,000 and $63,527, respectively, with certain banks with original maturities of six months or less when purchased, which matured during the first quarter of 2019 and 2018, respectively.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration