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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020, 2019 and 2018:

						Private Banks						Investment Advisors						Institutional Investors						Investment Managers						Investments In New Businesses						Total
						For the Year Ended December 31, 2020
Revenues						$	455,393					$	407,564					$	317,627					$	489,462					$	14,012					$	1,684,058
Expenses						446,481						205,913						149,909						308,999						52,871						1,164,173
Operating profit (loss)						$	8,912					$	201,651					$	167,718					$	180,463					$	(38,859)					$	519,885

						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

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, 2020, 2019 and 2018 is as follows:

Year Ended December 31,						2020						2019						2018
Total operating profit from segments above						$	519,885					$	532,620					$	507,634
Corporate overhead expenses						(73,998)						(72,196)						(65,646)
Income from operations						$	445,887					$	460,424					$	441,988

Schedule of Additional Information Pertaining to Business Segments

The following tables provide additional information for the years ended December 31, 2020, 2019 and 2018 pertaining to our business segments:

						Capital Expenditures (1)																		Depreciation
Year Ended December 31,						2020						2019						2018						2020						2019						2018
Private Banks						$	29,061					$	33,068					$	36,763					$	16,206					$	14,349					$	13,773
Investment Advisors						15,588						17,413						16,572						4,821						4,653						4,607
Institutional Investors						3,958						4,057						3,863						1,214						1,600						1,672
Investment Managers						25,909						18,970						13,639						7,336						7,145						6,988
Investments in New Businesses						1,211						1,349						972						341						383						547
Total from business segments						$	75,727					$	74,857					$	71,809					$	29,918					$	28,130					$	27,587
Corporate Overhead						2,840						2,314						1,507						1,041						1,306						1,205
						$	78,567					$	77,171					$	73,316					$	30,959					$	29,436					$	28,792

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

						Amortization
Year Ended December 31,						2020						2019						2018
Private Banks						$	30,240					$	29,054					$	27,312
Investment Advisors						10,694						10,311						9,668
Institutional Investors						1,707						1,726						1,707
Investment Managers						9,365						9,358						9,382
Investments in New Businesses						739						740						595
Total from business segments						$	52,745					$	51,189					$	48,664
Corporate Overhead						230						230						231
						$	52,975					$	51,419					$	48,895

						Total Assets
						2020						2019
Private Banks						$	557,953					$	567,796
Investment Advisors						169,197						165,556
Institutional Investors						119,784						115,012
Investment Managers						421,093						373,986
Investments in New Businesses						22,014						19,735
Total from business segments						$	1,290,041					$	1,242,085
Corporate Overhead (2)						877,215						909,285
						$	2,167,256					$	2,151,370

(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,						2020						2019						2018
United States						$	1,427,152					$	1,385,744					$	1,348,130
International operations						256,906						264,141						276,037
						$	1,684,058					$	1,649,885					$	1,624,167

The following table presents assets based on their location:

						2020						2019
United States						$	1,772,179					$	1,732,427
International operations						395,077						418,943
						$	2,167,256					$	2,151,370

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