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Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

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, 2018 and 2017.

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Three Months Ended September 30, 2018
Revenues	$	118,449			$	102,550			$	83,466			$	101,275			$	2,942			$	408,682
Expenses	116,471				53,287				40,497				65,296				5,769				281,320
Operating profit (loss)	$	1,978			$	49,263			$	42,969			$	35,979			$	(2,827	)		$	127,362

	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

The following tables highlight certain financial information about each of the Company’s business segments for the nine months ended September 30, 2018 and 2017.

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Nine Months Ended September 30, 2018
Revenues	$	361,739			$	301,632			$	252,391			$	295,696			$	7,652			$	1,219,110
Expenses	343,515				158,792				122,617				191,955				16,807				833,686
Operating profit (loss)	$	18,224			$	142,840			$	129,774			$	103,741			$	(9,155	)		$	385,424

	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

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, 2018 and 2017 is as follows: 

	2018				2017
Total operating profit from segments	$	385,424			$	335,811
Corporate overhead expenses	(46,398		)		(45,830		)
Income from operations	$	339,026			$	289,981

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, 2018 and 2017 is as follows: 

	2018				2017
Total operating profit from segments	$	127,362			$	114,730
Corporate overhead expenses	(14,942		)		(15,493		)
Income from operations	$	112,420			$	99,237

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

The following tables provide additional information for the nine months ended September 30, 2018 and 2017 pertaining to our business segments: 

	Capital Expenditures (1)								Depreciation
	2018				2017				2018				2017
Private Banks	$	27,767			$	37,000			$	10,069			$	12,956
Investment Advisors	12,471				13,651				3,378				2,294
Institutional Investors	2,926				3,157				1,310				719
Investment Managers	9,994				13,730				5,411				3,141
Investments in New Businesses	731				432				442				701
Total from business segments	$	53,889			$	67,970			$	20,610			$	19,811
Corporate Overhead	1,134				921				905				536
	$	55,023			$	68,891			$	21,515			$	20,347

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

	Amortization
	2018				2017
Private Banks	$	20,317			$	26,464
Investment Advisors	7,203				8,720
Institutional Investors	1,281				1,174
Investment Managers	7,036				1,623
Investments in New Businesses	410				200
Total from business segments	$	36,247			$	38,181
Corporate Overhead	173				151
	$	36,420			$	38,332

The following tables provide additional information for the three months ended September 30, 2018 and 2017 pertaining to our business segments: 

	Capital Expenditures (1)								Depreciation
	2018				2017				2018				2017
Private Banks	$	7,999			$	14,671			$	3,427			$	4,374
Investment Advisors	3,927				5,421				1,168				759
Institutional Investors	962				1,260				410				248
Investment Managers	4,104				3,450				1,796				1,197
Investments in New Businesses	287				173				137				162
Total from business segments	$	17,279			$	24,975			$	6,938			$	6,740
Corporate overhead	460				377				317				208
	$	17,739			$	25,352			$	7,255			$	6,948

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

	Amortization
	2018				2017
Private Banks	$	6,943			$	9,125
Investment Advisors	2,445				2,973
Institutional Investors	427				425
Investment Managers	2,346				1,132
Investments in New Businesses	186				40
Total from business segments	$	12,347			$	13,695
Corporate overhead	58				50
	$	12,405			$	13,745

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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