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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Financial Information About Business Segments
The following tables highlight certain financial information about each of the Company’s business segments for the years ended December 31, 2016, 2015 and 2014:
 
 
Private
Banks
 
Investment
Advisors
 
Institutional
Investors
 
Investment
Managers
 
Investments
In New
Businesses
 
Total
 
 
For the Year Ended December 31, 2016
Revenues
 
$
457,886

 
$
330,677

 
$
312,584

 
$
294,390

 
$
6,008

 
$
1,401,545

Expenses
 
421,188

 
180,140

 
153,117

 
191,127

 
20,962

 
966,534

Operating profit (loss)
 
$
36,698

 
$
150,537

 
$
159,467

 
$
103,263

 
$
(14,954
)
 
$
435,011

Gain on sale of subsidiary
 
2,791

 

 

 

 

 
2,791

Total profit (loss)
 
$
39,489

 
$
150,537

 
$
159,467

 
$
103,263

 
$
(14,954
)
 
$
437,802

 
 
Private
Banks
 
Investment
Advisors
 
Institutional
Investors
 
Investment
Managers
 
Investments
In New
Businesses
 
Total
 
 
For the Year Ended December 31, 2015
Revenues
 
$
456,516

 
$
306,620

 
$
297,568

 
$
267,963

 
$
5,541

 
$
1,334,208

Expenses
 
410,975

 
171,968

 
145,851

 
172,094

 
20,656

 
921,544

Operating profit (loss)
 
$
45,541

 
$
134,652

 
$
151,717

 
$
95,869

 
$
(15,115
)
 
$
412,664

Gain on sale of subsidiary
 
2,791

 

 

 

 

 
2,791

Total profit (loss)
 
$
48,332

 
$
134,652

 
$
151,717

 
$
95,869

 
$
(15,115
)
 
$
415,455

 
 
Private
Banks
 
Investment
Advisors
 
Institutional
Investors
 
Investment
Managers
 
Investments
In New
Businesses
 
Total
 
 
For the Year Ended December 31, 2014
Revenues
 
$
441,467

 
$
283,811

 
$
284,677

 
$
251,310

 
$
4,740

 
$
1,266,005

Expenses
 
399,620

 
146,500

 
140,659

 
159,176

 
18,377

 
864,332

Operating profit (loss)
 
$
41,847

 
$
137,311

 
$
144,018

 
$
92,134

 
$
(13,637
)
 
$
401,673

Gain on sale of subsidiary
 
5,582

 

 

 

 

 
5,582

Total profit (loss)
 
$
47,429

 
$
137,311

 
$
144,018

 
$
92,134

 
$
(13,637
)
 
$
407,255

Reconciliation Of Total Operating Profit Reported For Business Segments To Income From Operations In Consolidated Statements Of Operations
A reconciliation of the total reported for the business segments to income from operations in the Consolidated Statements of Operations for the years ended December 31, 2016, 2015 and 2014 is as follows:
Year Ended December 31,
 
2016
 
2015
 
2014
Total operating profit from segments above
 
$
435,011

 
$
412,664

 
$
401,673

Corporate overhead expenses
 
(59,317
)
 
(54,451
)
 
(48,889
)
Income from operations
 
$
375,694

 
$
358,213

 
$
352,784

Additional Information Pertaining To Business Segments
The following tables provide additional information for the years ended December 31, 2016, 2015 and 2014 pertaining to our business segments:
 
 
Capital Expenditures (1)
 
Depreciation
Year Ended December 31,
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Private Banks
 
$
45,940

 
$
41,972

 
$
30,883

 
$
13,222

 
$
12,348

 
$
13,393

Investment Advisors
 
17,610

 
13,206

 
13,783

 
3,880

 
3,410

 
2,507

Institutional Investors
 
4,319

 
5,301

 
4,575

 
1,367

 
1,200

 
1,041

Investment Managers
 
11,209

 
10,119

 
9,505

 
4,877

 
4,040

 
2,917

Investments in New Businesses
 
726

 
736

 
2,547

 
2,197

 
2,278

 
1,983

Total from business segments
 
$
79,804

 
$
71,334

 
$
61,293

 
$
25,543

 
$
23,276

 
$
21,841

Corporate Overhead
 
1,985

 
2,547

 
2,053

 
897

 
768

 
607

 
 
$
81,789

 
$
73,881

 
$
63,346

 
$
26,440

 
$
24,044

 
$
22,448

(1) Capital expenditures include additions to property and equipment and capitalized software.
 
 
Amortization
Year Ended December 31,
 
2016
 
2015
 
2014
Private Banks
 
$
31,675

 
$
29,819

 
$
24,993

Investment Advisors
 
10,458

 
9,880

 
9,228

Institutional Investors
 
1,674

 
1,558

 
1,430

Investment Managers
 
1,092

 
1,029

 
954

Investments in New Businesses
 
146

 
116

 
1,846

Total from business segments
 
$
45,045

 
$
42,402

 
$
38,451

Corporate Overhead
 
347

 
228

 
228

 
 
$
45,392

 
$
42,630

 
$
38,679

 
 
Total Assets
 
 
2016
 
2015
Private Banks
 
$
471,435

 
$
451,079

Investment Advisors
 
160,717

 
138,459

Institutional Investors
 
109,879

 
105,443

Investment Managers
 
158,621

 
154,432

Investments in New Businesses
 
4,910

 
5,355

Total from business segments
 
$
905,562

 
$
854,768

Corporate Overhead (2)
 
731,261

 
733,860

 
 
$
1,636,823

 
$
1,588,628


(2) Unallocated assets primarily consist of cash and cash equivalents, marketable securities, and certain other shared services assets.
Revenues And Assets Based On Location
The following table presents revenues based on the location of the use of the products or services:
For the Year Ended December 31,
 
2016
 
2015
 
2014
United States
 
$
1,191,640

 
$
1,123,165

 
$
1,063,223

International operations
 
209,905

 
211,043

 
202,782

 
 
$
1,401,545

 
$
1,334,208

 
$
1,266,005

The following table presents assets based on their location:
 
 
2016
 
2015
United States
 
$
1,317,235

 
$
1,330,738

International operations
 
319,588

 
257,890

 
 
$
1,636,823

 
$
1,588,628