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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017, 2016 and 2015:
 
 
Private
Banks
 
Investment
Advisors
 
Institutional
Investors
 
Investment
Managers
 
Investments
In New
Businesses
 
Total
 
 
For the Year Ended December 31, 2017
Revenues
 
$
474,272

 
$
373,473

 
$
322,457

 
$
349,444

 
$
6,906

 
$
1,526,552

Expenses
 
455,119

 
201,833

 
161,640

 
226,504

 
20,678

 
1,065,774

Operating profit (loss)
 
$
19,153

 
$
171,640

 
$
160,817

 
$
122,940

 
$
(13,772
)
 
$
460,778

 
 
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

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, 2017, 2016 and 2015 is as follows:
Year Ended December 31,
 
2017
 
2016
 
2015
Total operating profit from segments above
 
$
460,778

 
$
435,011

 
$
412,664

Corporate overhead expenses
 
(63,834
)
 
(59,317
)
 
(54,451
)
Income from operations
 
$
396,944

 
$
375,694

 
$
358,213

Additional Information Pertaining To Business Segments The following tables provide additional information for the years ended December 31, 2017, 2016 and 2015 pertaining to our business segments:
 
 
Capital Expenditures (1)
 
Depreciation
Year Ended December 31,
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Private Banks
 
$
47,526

 
$
45,940

 
$
41,972

 
$
16,479

 
$
13,222

 
$
12,348

Investment Advisors
 
17,450

 
17,610

 
13,206

 
3,364

 
3,880

 
3,410

Institutional Investors
 
4,020

 
4,319

 
5,301

 
1,121

 
1,367

 
1,200

Investment Managers
 
15,863

 
11,209

 
10,119

 
4,698

 
4,877

 
4,040

Investments in New Businesses
 
546

 
726

 
736

 
826

 
2,197

 
2,278

Total from business segments
 
$
85,405

 
$
79,804

 
$
71,334

 
$
26,488

 
$
25,543

 
$
23,276

Corporate Overhead
 
1,163

 
1,985

 
2,547

 
823

 
897

 
768

 
 
$
86,568

 
$
81,789

 
$
73,881

 
$
27,311

 
$
26,440

 
$
24,044

(1) Capital expenditures include additions to property and equipment and capitalized software.
 
 
Amortization
Year Ended December 31,
 
2017
 
2016
 
2015
Private Banks
 
$
32,696

 
$
31,675

 
$
29,819

Investment Advisors
 
10,930

 
10,458

 
9,880

Institutional Investors
 
1,599

 
1,674

 
1,558

Investment Managers
 
2,593

 
1,092

 
1,029

Investments in New Businesses
 
239

 
146

 
116

Total from business segments
 
$
48,057

 
$
45,045

 
$
42,402

Corporate Overhead
 
218

 
347

 
228

 
 
$
48,275

 
$
45,392

 
$
42,630

 
 
Total Assets
 
 
2017
 
2016
Private Banks
 
$
523,214

 
$
471,435

Investment Advisors
 
139,697

 
160,717

Institutional Investors
 
117,286

 
109,879

Investment Managers
 
278,540

 
158,621

Investments in New Businesses
 
19,269

 
4,910

Total from business segments
 
$
1,078,006

 
$
905,562

Corporate Overhead (2)
 
775,363

 
731,261

 
 
$
1,853,369

 
$
1,636,823


(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,
 
2017
 
2016
 
2015
United States
 
$
1,298,381

 
$
1,191,640

 
$
1,123,165

International operations
 
228,171

 
209,905

 
211,043

 
 
$
1,526,552

 
$
1,401,545

 
$
1,334,208

The following table presents assets based on their location:
 
 
2017
 
2016
United States
 
$
1,471,260

 
$
1,317,235

International operations
 
382,109

 
319,588

 
 
$
1,853,369

 
$
1,636,823