XML 80 R38.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Business Segment Information (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2019, 2018 and 2017:

		Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
		For the Year Ended December 31, 2019
Revenues		$	470,276			$	403,778			$	322,062			$	440,796			$	12,973			$	1,649,885
Expenses		443,136				208,508				153,937				282,024				29,660				1,117,265
Operating profit (loss)		$	27,140			$	195,270			$	168,125			$	158,772			$	(16,687	)		$	532,620

		Private Banks				Investment Advisors				Institutional Investors				Investment Managers				Investments In New Businesses				Total
		For the Year Ended December 31, 2018
Revenues		$	483,097			$	399,089			$	333,299			$	398,076			$	10,606			$	1,624,167
Expenses		457,894				212,439				163,536				259,693				22,971				1,116,533
Operating profit (loss)		$	25,203			$	186,650			$	169,763			$	138,383			$	(12,365	)		$	507,634

		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

Schedule of 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, 2019, 2018 and 2017 is as follows:

Year Ended December 31,		2019				2018				2017
Total operating profit from segments above		$	532,620			$	507,634			$	460,778
Corporate overhead expenses		(72,196		)		(65,646		)		(63,834		)
Income from operations		$	460,424			$	441,988			$	396,944

Schedule of Additional Information Pertaining to Business Segments

The following tables provide additional information for the years ended December 31, 2019, 2018 and 2017 pertaining to our business segments:

		Capital Expenditures (1)												Depreciation
Year Ended December 31,		2019				2018				2017				2019				2018				2017
Private Banks		$	33,068			$	36,763			$	47,526			$	14,349			$	13,773			$	16,479
Investment Advisors		17,413				16,572				17,450				4,653				4,607				3,364
Institutional Investors		4,057				3,863				4,020				1,600				1,672				1,121
Investment Managers		18,970				13,639				15,863				7,145				6,988				4,698
Investments in New Businesses		1,349				972				546				383				547				826
Total from business segments		$	74,857			$	71,809			$	85,405			$	28,130			$	27,587			$	26,488
Corporate Overhead		2,314				1,507				1,163				1,306				1,205				823
		$	77,171			$	73,316			$	86,568			$	29,436			$	28,792			$	27,311

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

		Amortization
Year Ended December 31,		2019				2018				2017
Private Banks		$	29,054			$	27,312			$	32,696
Investment Advisors		10,311				9,668				10,930
Institutional Investors		1,726				1,707				1,599
Investment Managers		9,358				9,382				2,593
Investments in New Businesses		740				595				239
Total from business segments		$	51,189			$	48,664			$	48,057
Corporate Overhead		230				231				218
		$	51,419			$	48,895			$	48,275

		Total Assets
		2019				2018
Private Banks		$	567,796			$	558,451
Investment Advisors		165,556				143,042
Institutional Investors		115,012				109,081
Investment Managers		373,986				318,342
Investments in New Businesses		19,735				33,142
Total from business segments		$	1,242,085			$	1,162,058
Corporate Overhead (2)		909,285				809,610
		$	2,151,370			$	1,971,668

(2) Unallocated assets primarily consist of cash and cash equivalents, marketable securities, and certain other shared services assets.

Schedule of 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,		2019				2018				2017
United States		$	1,385,744			$	1,348,130			$	1,298,381
International operations		264,141				276,037				228,171
		$	1,649,885			$	1,624,167			$	1,526,552

The following table presents assets based on their location:

		2019				2018
United States		$	1,732,427			$	1,612,202
International operations		418,943				359,466
		$	2,151,370			$	1,971,668

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 information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
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