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Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting Information [Line Items]

Schedule Of Financial Information About Business Segments

The following tables highlight certain financial information about each of the Company’s business segments for the three months ended September 30, 2017 and 2016.

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Three Months Ended September 30, 2017
Revenues	$	118,499			$	94,318			$	80,411			$	91,020			$	1,770			$	386,018
Expenses	115,806				50,585				40,003				59,831				5,063				271,288
Operating profit (loss)	$	2,693			$	43,733			$	40,408			$	31,189			$	(3,293	)		$	114,730

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Three Months Ended September 30, 2016
Revenues	$	115,952			$	85,258			$	76,222			$	75,672			$	1,537			$	354,641
Expenses	105,523				45,080				36,943				48,588				5,348				241,482
Operating profit (loss)	$	10,429			$	40,178			$	39,279			$	27,084			$	(3,811	)		$	113,159

The following tables highlight certain financial information about each of the Company’s business segments for the nine months ended September 30, 2017 and 2016.

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Nine Months Ended September 30, 2017
Revenues	$	347,317			$	275,302			$	235,483			$	255,123			$	5,108			$	1,118,333
Expenses	336,709				147,504				117,499				165,743				15,067				782,522
Operating profit (loss)	$	10,608			$	127,798			$	117,984			$	89,380			$	(9,959	)		$	335,811

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Nine Months Ended September 30, 2016
Revenues	$	344,149			$	243,820			$	223,793			$	216,528			$	4,445			$	1,032,735
Expenses	312,126				134,575				108,875				140,831				15,935				712,342
Operating profit (loss)	$	32,023			$	109,245			$	114,918			$	75,697			$	(11,490	)		$	320,393
Gain on sale of subsidiary	2,791				—				—				—				—				2,791
Segment profit (loss)	$	34,814			$	109,245			$	114,918			$	75,697			$	(11,490	)		$	323,184

Reconciliation Of Total Operating Profit Reported For Business Segments To Income From Operations In Consolidated Statements Of Operations

A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the nine months ended September 30, 2017 and 2016 is as follows:

	2017				2016
Total operating profit from segments	$	335,811			$	320,393
Corporate overhead expenses	(45,830		)		(42,840		)
Income from operations	$	289,981			$	277,553

A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the three months ended September 30, 2017 and 2016 is as follows: 

	2017				2016
Total operating profit from segments	$	114,730			$	113,159
Corporate overhead expenses	(15,493		)		(15,941		)
Income from operations	$	99,237			$	97,218

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

The following tables provide additional information for the nine months ended September 30, 2017 and 2016 pertaining to our business segments:

	Capital Expenditures (1)								Depreciation
	2017				2016				2017				2016
Private Banks	$	37,000			$	32,184			$	12,956			$	9,669
Investment Advisors	13,651				12,863				2,294				2,880
Institutional Investors	3,157				3,236				719				1,017
Investment Managers	13,730				9,275				3,141				3,590
Investments in New Businesses	432				594				701				1,644
Total from business segments	$	67,970			$	58,152			$	19,811			$	18,800
Corporate Overhead	921				1,700				536				657
	$	68,891			$	59,852			$	20,347			$	19,457

(1) Capital expenditures include additions to property and equipment and capitalized software.

	Amortization
	2017				2016
Private Banks	$	26,464			$	23,452
Investment Advisors	8,720				7,764
Institutional Investors	1,174				1,249
Investment Managers	1,623				816
Investments in New Businesses	200				106
Total from business segments	$	38,181			$	33,387
Corporate Overhead	151				297
	$	38,332			$	33,684

The following tables provide additional information for the three months ended September 30, 2017 and 2016 pertaining to our business segments: 

	Capital Expenditures (1)								Depreciation
	2017				2016				2017				2016
Private Banks	$	14,671			$	15,018			$	4,374			$	3,289
Investment Advisors	5,421				6,744				759				940
Institutional Investors	1,260				1,744				248				344
Investment Managers	3,450				6,210				1,197				1,228
Investments in New Businesses	173				379				162				549
Total from business segments	$	24,975			$	30,095			$	6,740			$	6,350
Corporate overhead	377				1,111				208				226
	$	25,352			$	31,206			$	6,948			$	6,576

(1) Capital expenditures include additions to property and equipment and capitalized software.

	Amortization
	2017				2016
Private Banks	$	9,125			$	7,972
Investment Advisors	2,973				2,626
Institutional Investors	425				425
Investment Managers	1,132				275
Investments in New Businesses	40				40
Total from business segments	$	13,695			$	11,338
Corporate overhead	50				50
	$	13,745			$	11,388

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