XML 46 R33.htm IDEA: XBRL DOCUMENT v3.19.2

Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

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 June 30, 2019 and 2018:

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Three Months Ended June 30, 2019
Revenues	$	116,092			$	100,122			$	81,109			$	109,202			$	3,061			$	409,586
Expenses	107,790				50,558				39,361				68,371				6,797				272,877
Operating profit (loss)	$	8,302			$	49,564			$	41,748			$	40,831			$	(3,736	)		$	136,709

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Three Months Ended June 30, 2018
Revenues	$	121,126			$	99,890			$	83,434			$	97,566			$	2,814			$	404,830
Expenses	114,842				53,052				40,871				63,321				5,940				278,026
Operating profit (loss)	$	6,284			$	46,838			$	42,563			$	34,245			$	(3,126	)		$	126,804

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 three months ended June 30, 2019 and 2018 is as follows:

	2019				2018
Total operating profit from segments	$	136,709			$	126,804
Corporate overhead expenses	(16,573		)		(16,514		)
Income from operations	$	120,136			$	110,290

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

The following tables provide additional information for the three months ended June 30, 2019 and 2018 pertaining to our business segments:

	Capital Expenditures (1)								Depreciation
	2019				2018				2019				2018
Private Banks	$	8,761			$	9,529			$	3,585			$	3,323
Investment Advisors	4,558				4,284				1,165				1,105
Institutional Investors	1,049				997				414				452
Investment Managers	4,875				3,370				1,820				1,806
Investments in New Businesses	344				240				110				155
Total from business segments	$	19,587			$	18,420			$	7,094			$	6,841
Corporate overhead	586				366				328				297
	$	20,173			$	18,786			$	7,422			$	7,138

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

	Amortization
	2019				2018
Private Banks	$	7,217			$	6,747
Investment Advisors	2,550				2,401
Institutional Investors	427				427
Investment Managers	2,346				2,345
Investments in New Businesses	185				184
Total from business segments	$	12,725			$	12,104
Corporate overhead	56				57
	$	12,781			$	12,161

The following tables highlight certain financial information about each of the Company’s business segments for the six months ended June 30, 2019 and 2018:

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Six Months Ended June 30, 2019
Revenues	$	234,351			$	194,883			$	161,222			$	213,851			$	6,099			$	810,406
Expenses	218,752				103,060				78,115				137,437				12,737				550,101
Operating profit (loss)	$	15,599			$	91,823			$	83,107			$	76,414			$	(6,638	)		$	260,305

	Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
	For the Six Months Ended June 30, 2018
Revenues	$	243,290			$	199,082			$	168,925			$	194,421			$	4,710			$	810,428
Expenses	227,044				105,505				82,120				126,659				11,038				552,366
Operating profit (loss)	$	16,246			$	93,577			$	86,805			$	67,762			$	(6,328	)		$	258,062

A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the six months ended June 30, 2019 and 2018 is as follows: 

	2019				2018
Total operating profit from segments	$	260,305			$	258,062
Corporate overhead expenses	(36,608		)		(31,456		)
Income from operations	$	223,697			$	226,606

The following tables provide additional information for the six months ended June 30, 2019 and 2018 pertaining to our business segments: 

	Capital Expenditures (1)								Depreciation
	2019				2018				2019				2018
Private Banks	$	17,222			$	19,768			$	7,134			$	6,642
Investment Advisors	8,505				8,544				2,344				2,210
Institutional Investors	1,920				1,964				819				900
Investment Managers	8,224				5,890				3,591				3,615
Investments in New Businesses	585				444				201				305
Total from business segments	$	36,456			$	36,610			$	14,089			$	13,672
Corporate Overhead	971				674				664				588
	$	37,427			$	37,284			$	14,753			$	14,260

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

	Amortization
	2019				2018
Private Banks	$	14,358			$	13,374
Investment Advisors	5,073				4,758
Institutional Investors	860				854
Investment Managers	4,685				4,690
Investments in New Businesses	370				224
Total from business segments	$	25,346			$	23,900
Corporate Overhead	114				115
	$	25,460			$	24,015

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration