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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021, 2020 and 2019:
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
For the Year Ended December 31, 2021
Revenues$493,570 $482,949 $343,805 $581,157 $16,828 $1,918,309 
Expenses462,796 240,334 168,070 348,655 53,219 1,273,074 
Operating profit (loss)$30,774 $242,615 $175,735 $232,502 $(36,391)$645,235 
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 
Expenses446,481 205,913 149,909 308,999 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 
Expenses443,136 208,508 153,937 282,024 29,660 1,117,265 
Operating profit (loss)$27,140 $195,270 $168,125 $158,772 $(16,687)$532,620 
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, 2021, 2020 and 2019 is as follows:
Year Ended December 31,202120202019
Total operating profit from segments above$645,235 $519,885 $532,620 
Corporate overhead expenses(91,854)(73,998)(72,196)
Income from operations$553,381 $445,887 $460,424 
Schedule of Additional Information Pertaining to Business Segments
The following tables provide additional information for the years ended December 31, 2021, 2020 and 2019 pertaining to our business segments:
 Capital Expenditures (1)Depreciation
Year Ended December 31,202120202019202120202019
Private Banks$26,472 $29,061 $33,068 $19,040 $16,206 $14,349 
Investment Advisors11,100 15,588 17,413 3,646 4,821 4,653 
Institutional Investors2,614 3,958 4,057 1,241 1,214 1,600 
Investment Managers10,275 25,909 18,970 8,185 7,336 7,145 
Investments in New Businesses924 1,211 1,349 351 341 383 
Total from business segments$51,385 $75,727 $74,857 $32,463 $29,918 $28,130 
Corporate Overhead1,151 2,840 2,314 1,018 1,041 1,306 
$52,536 $78,567 $77,171 $33,481 $30,959 $29,436 
(1) Capital expenditures include additions to property and equipment and capitalized software.
 Amortization
Year Ended December 31,202120202019
Private Banks$34,159 $30,240 $29,054 
Investment Advisors11,654 10,694 10,311 
Institutional Investors2,321 1,707 1,726 
Investment Managers9,955 9,365 9,358 
Investments in New Businesses739 739 740 
Total from business segments$58,828 $52,745 $51,189 
Corporate Overhead324 230 230 
$59,152 $52,975 $51,419 
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 31,202120202019
United States$1,629,527 $1,427,152 $1,385,744 
International operations288,782 256,906 264,141 
$1,918,309 $1,684,058 $1,649,885 
The following table presents assets based on their location:
20212020
United States$1,926,867 $1,772,179 
International operations427,835 395,077 
$2,354,702 $2,167,256