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Revenue (Tables)

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue recognized by the Company for the three and nine months ended September 30, 2021 and 2020:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2021						2020						2021						2020
Investment Banking:
Advisory Fees			$	708,333					$	270,662					$	1,781,065					$	965,662
Underwriting Fees			54,381						66,499						181,686						181,182
Commissions and Related Revenue			46,763						44,003						151,014						153,903
Total Investment Banking			$	809,477					$	381,164					$	2,113,765					$	1,300,747
Investment Management:
Asset Management and Administration Fees:
Wealth Management			$	16,960					$	13,664					$	48,092					$	38,624
Institutional Asset Management			—						361						—						1,101
Total Investment Management			$	16,960					$	14,025					$	48,092					$	39,725

Contract with Customer, Asset and Liability [Table Text Block]

The change in the Company’s contract assets and liabilities during the following periods primarily reflects timing differences between the Company’s performance and the client’s payment. The Company’s receivables, contract assets and deferred revenue (contract liabilities) for the nine months ended September 30, 2021 and 2020 are as follows:

			For the Nine Months Ended September 30, 2021
			Receivables (Current)(1)						Receivables (Long-term)(2)						Contract Assets (Current)(3)						Contract Assets (Long-term)(2)						Deferred Revenue (Current Contract Liabilities)(4)						Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2021			$	368,346					$	70,975					$	29,327					$	5,283					$	9,373					$	147
Increase (Decrease)			29,618						6,919						53,477						5,261						(2,615)						—
Balance at September 30, 2021			$	397,964					$	77,894					$	82,804					$	10,544					$	6,758					$	147
			For the Nine Months Ended September 30, 2020
			Receivables (Current)(1)						Receivables (Long-term)(2)						Contract Assets (Current)(3)						Contract Assets (Long-term)(2)						Deferred Revenue (Current Contract Liabilities)(4)						Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2020			$	296,355					$	63,554					$	31,525					$	2,504					$	2,492					$	615
Increase (Decrease)			(13,998)						(580)						(12,244)						(88)						9,784						(234)
Balance at September 30, 2020			$	282,357					$	62,974					$	19,281					$	2,416					$	12,276					$	381

(1)Included in Accounts Receivable on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2)Included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3)Included in Other Current Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(4)Included in Other Current Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

(5)Included in Other Long-term Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

The allowance for credit losses for the three and nine months ended September 30, 2021 and 2020 is as follows:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2021						2020						2021						2020
Beginning Balance(1)			$	2,143					$	11,125					$	5,372					$	9,191
Bad debt expense, net of reversals			1,781						557						15						5,888
Write-offs, foreign currency translation and other adjustments			(361)						(849)						(1,824)						(4,246)
Ending Balance			$	3,563					$	10,833					$	3,563					$	10,833

(1)Beginning Balance for the nine months ended September 30, 2020 includes the cumulative-effect adjustment of $1,310, which reflects the increase in the Company's Allowance for Doubtful Accounts as a result of the use of the current expected credit loss model related to the adoption of ASU 2016-13 on January 1, 2020.

Accounts Receivable, Noncurrent, Credit Quality Indicator [Table Text Block]

For long-term accounts receivable and long-term contract assets, the Company monitors clients’ creditworthiness based on collection experience and other internal metrics. The following table presents the Company’s long-term accounts receivable

and long-term contract assets from the Company's private and secondary fund advisory businesses as of September 30, 2021, by year of origination:

			Amortized Cost Basis by Origination Year
			2021						2020						2019						2018						2017																		Total
Long-term Accounts Receivable and Long-Term Contract Assets			$	48,663					$	29,271					$	7,233					$	3,005					$	266																	$	88,438

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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Tabular disclosure of credit quality indicator for accounts receivable, classified as noncurrent.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

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Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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