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v3.23.1

Revenue and Accounts Receivable (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | The following table presents revenue recognized by the Company for the three months ended March 31, 2023 and 2022:
| For the Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |  |  |
Investment Banking & Equities: |  |  |  |  |  |  |  |  |
Advisory Fees | $ | 462,562 |  |  | $ | 624,564 |  |  |  |  |  |  |
Underwriting Fees | 22,883 |  |  | 36,306 |  |  |  |  |  |  |
Commissions and Related Revenue | 48,065 |  |  | 50,898 |  |  |  |  |  |  |
Total Investment Banking & Equities | $ | 533,510 |  |  | $ | 711,768 |  |  |  |  |  |  |
Investment Management: |  |  |  |  |  |  |  |  |
Asset Management and Administration Fees: |  |  |  |  |  |  |  |  |
Wealth Management | $ | 15,958 |  |  | $ | 17,115 |  |  |  |  |  |  |
Total Investment Management | $ | 15,958 |  |  | $ | 17,115 |  |  |  |  |  |  |
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 three months ended March 31, 2023 and 2022 are as follows:
| For the Three Months Ended March 31, 2023
| 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, 2023 | $ | 385,131 |  |  | $ | 64,139 |  |  | $ | 110,468 |  |  | $ | 8,028 |  |  | $ | 5,071 |  |  | $ | — |
Increase (Decrease) | (85,974) |  |  | 6,022 |  |  | (96,505) |  |  | 3,869 |  |  | 873 |  |  | — |
Balance at March 31, 2023 | $ | 299,157 |  |  | $ | 70,161 |  |  | $ | 13,963 |  |  | $ | 11,897 |  |  | $ | 5,944 |  |  | $ | — |
| For the Three Months Ended March 31, 2022
| 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, 2022 | $ | 351,668 |  |  | $ | 87,764 |  |  | $ | 14,092 |  |  | $ | 12,945 |  |  | $ | 9,257 |  |  | $ | 147 |
Increase (Decrease) | (37,991) |  |  | (12,541) |  |  | 30,493 |  |  | (4,411) |  |  | 1,827 |  |  | — |
Balance at March 31, 2022 | $ | 313,677 |  |  | $ | 75,223 |  |  | $ | 44,585 |  |  | $ | 8,534 |  |  | $ | 11,084 |  |  | $ | 147 |
(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 months ended March 31, 2023 and 2022 is as follows:
| For the Three Months Ended March 31, |  |  |  |
| 2023 |  | 2022 |  |  |  |  |  |
Beginning Balance | $ | 4,683 |  |  | $ | 2,704 |  |  |  |  |  |  |
Bad debt expense, net of reversals | 3,734 |  |  | (519) |  |  |  |  |  |  |
Write-offs, foreign currency translation and other adjustments | (1,200) |  |  | (131) |  |  |  |  |  |  |
Ending Balance | $ | 7,217 |  |  | $ | 2,054 |  |  |  |  |  |  |
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 March 31, 2023, by year of origination:
| Amortized Carrying Value by Origination Year
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  |  |  |  |  | Total
Long-term Accounts Receivable and Long-Term Contract Assets | $ | 13,537 |  |  | $ | 40,369 |  |  | $ | 20,781 |  |  | $ | 5,816 |  |  | $ | 1,555 |  |  |  |  |  |  | $ | 82,058 |

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- 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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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