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v3.22.2.2

Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule Of Financial Information About Business Segments | The following tables highlight certain financial information about each of the business segments for the three months ended September 30, 2022 and 2021:
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Three Months Ended September 30, 2022
Revenues | $ | 122,660 |  |  | $ | 109,565 |  |  | $ | 78,260 |  |  | $ | 156,015 |  |  | $ | 4,834 |  |  | $ | 471,334 |
Expenses | 116,661 |  |  | 61,150 |  |  | 42,149 |  |  | 100,876 |  |  | 9,915 |  |  | 330,751 |
Operating profit (loss) | $ | 5,999 |  |  | $ | 48,415 |  |  | $ | 36,111 |  |  | $ | 55,139 |  |  | $ | (5,081) |  |  | $ | 140,583 |
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Three Months Ended September 30, 2021
Revenues | $ | 123,018 |  |  | $ | 124,768 |  |  | $ | 85,759 |  |  | $ | 147,412 |  |  | $ | 4,365 |  |  | $ | 485,322 |
Expenses | 116,679 |  |  | 62,107 |  |  | 41,643 |  |  | 89,594 |  |  | 12,820 |  |  | 322,843 |
Operating profit (loss) | $ | 6,339 |  |  | $ | 62,661 |  |  | $ | 44,116 |  |  | $ | 57,818 |  |  | $ | (8,455) |  |  | $ | 162,479 |
The following tables highlight certain financial information about each of business segment for the nine months ended September 30, 2022 and 2021:
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Nine Months Ended September 30, 2022
Revenues | $ | 460,392 |  |  | $ | 341,989 |  |  | $ | 248,582 |  |  | $ | 468,842 |  |  | $ | 14,642 |  |  | $ | 1,534,447 |
Expenses | 359,676 |  |  | 189,045 |  |  | 131,432 |  |  | 300,520 |  |  | 34,709 |  |  | 1,015,382 |
Operating profit (loss) | $ | 100,716 |  |  | $ | 152,944 |  |  | $ | 117,150 |  |  | $ | 168,322 |  |  | $ | (20,067) |  |  | $ | 519,065 |
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Nine Months Ended September 30, 2021
Revenues | $ | 364,302 |  |  | $ | 357,458 |  |  | $ | 255,957 |  |  | $ | 426,639 |  |  | $ | 12,303 |  |  | $ | 1,416,659 |
Expenses | 345,057 |  |  | 176,267 |  |  | 122,696 |  |  | 257,609 |  |  | 39,855 |  |  | 941,484 |
Operating profit (loss) | $ | 19,245 |  |  | $ | 181,191 |  |  | $ | 133,261 |  |  | $ | 169,030 |  |  | $ | (27,552) |  |  | $ | 475,175 |
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 operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the three months ended September 30, 2022 and 2021 is as follows:
| 2022 |  | 2021
Total operating profit from segments | $ | 140,583 |  |  | $ | 162,479 |
Corporate overhead expenses (1) | (89,537) |  |  | (21,354) |
Income from operations | $ | 51,046 |  |  | $ | 141,125 |
(1) Corporate overhead expenses include the total costs for the Voluntary Separation Program (See Note 14). 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, 2022 and 2021:
| 2022 |  | 2021
Total operating profit from segments | $ | 519,065 |  |  | $ | 475,175 |
Corporate overhead expenses (1) | (137,360) |  |  | (65,192) |
Income from operations | $ | 381,705 |  |  | $ | 409,983 |
(1) Corporate overhead expenses include the total costs for the Voluntary Separation Program (See Note 14).
Schedule of Additional Information Pertaining to Business Segments | The following tables provide additional information for the three months ended September 30, 2022 and 2021 pertaining to the business segments:
| Capital Expenditures (2) |  | Depreciation
| 2022 |  | 2021 |  | 2022 |  | 2021
Private Banks | $ | 8,404 |  |  | $ | 6,173 |  |  | $ | 5,050 |  |  | $ | 4,980 |
Investment Advisors | 3,476 |  |  | 2,896 |  |  | 513 |  |  | 499 |
Institutional Investors | 1,080 |  |  | 720 |  |  | 283 |  |  | 271 |
Investment Managers | 9,843 |  |  | 3,722 |  |  | 2,498 |  |  | 2,428 |
Investments in New Businesses | 227 |  |  | 336 |  |  | 36 |  |  | 60 |
Total from business segments | $ | 23,030 |  |  | $ | 13,847 |  |  | $ | 8,380 |  |  | $ | 8,238 |
Corporate overhead | 486 |  |  | 419 |  |  | 178 |  |  | 170 |
| $ | 23,516 |  |  | $ | 14,266 |  |  | $ | 8,558 |  |  | $ | 8,408 |
(2) Capital expenditures include additions to property and equipment and capitalized software.
| Amortization
| 2022 |  | 2021
Private Banks | $ | 4,515 |  |  | $ | 8,526 |
Investment Advisors | 1,736 |  |  | 3,014 |
Institutional Investors | 1,808 |  |  | 427 |
Investment Managers | 2,121 |  |  | 2,451 |
Investments in New Businesses | 145 |  |  | 185 |
Total from business segments | $ | 10,325 |  |  | $ | 14,603 |
Corporate overhead | 57 |  |  | 71 |
| $ | 10,382 |  |  | $ | 14,674 |
The following tables provide additional information for the nine months ended September 30, 2022 and 2021:
| Capital Expenditures (2) |  | Depreciation
| 2022 |  | 2021 |  | 2022 |  | 2021
Private Banks | $ | 24,167 |  |  | $ | 20,596 |  |  | $ | 15,710 |  |  | $ | 13,290 |
Investment Advisors | 9,926 |  |  | 8,784 |  |  | 1,438 |  |  | 3,205 |
Institutional Investors | 3,057 |  |  | 2,115 |  |  | 857 |  |  | 982 |
Investment Managers | 17,980 |  |  | 8,726 |  |  | 6,273 |  |  | 6,508 |
Investments in New Businesses | 640 |  |  | 788 |  |  | 124 |  |  | 306 |
Total from business segments | $ | 55,770 |  |  | $ | 41,009 |  |  | $ | 24,402 |  |  | $ | 24,291 |
Corporate Overhead | 1,376 |  |  | 997 |  |  | 540 |  |  | 850 |
| $ | 57,146 |  |  | $ | 42,006 |  |  | $ | 24,942 |  |  | $ | 25,141 |
(2) Capital expenditures include additions to property and equipment and capitalized software.
| Amortization
| 2022 |  | 2021
Private Banks | $ | 21,315 |  |  | $ | 25,735 |
Investment Advisors | 8,127 |  |  | 8,550 |
Institutional Investors | 6,348 |  |  | 1,280 |
Investment Managers | 7,274 |  |  | 7,375 |
Investments in New Businesses | 515 |  |  | 555 |
Total from business segments | $ | 43,579 |  |  | $ | 43,495 |
Corporate Overhead | 198 |  |  | 254 |
| $ | 43,777 |  |  | $ | 43,749 |

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=121556970&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 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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