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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets | Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:
|  |  |  | As of or for the Year Ended December 31, |
|  |  |  | 2022 |  |  | 2021 |  |  | 2020 |
Financial Advisory |  | Net Revenue |  | $ | 1,666,156 |  |  | $ | 1,764,509 |  |  | $ | 1,420,501 |
|  | Operating Expenses (a) |  |  | 1,304,715 |  |  |  | 1,356,567 |  |  |  | 1,130,850 |
|  | Operating Income |  | $ | 361,441 |  |  | $ | 407,942 |  |  | $ | 289,651 |
|  | Total Assets |  | $ | 1,099,921 |  |  | $ | 1,239,964 |  |  | $ | 1,181,783 |
Asset Management |  | Net Revenue |  | $ | 1,204,927 |  |  | $ | 1,424,985 |  |  | $ | 1,167,466 |
|  | Operating Expenses (a) |  |  | 963,640 |  |  |  | 1,032,825 |  |  |  | 861,031 |
|  | Operating Income |  | $ | 241,287 |  |  | $ | 392,160 |  |  | $ | 306,435 |
|  | Total Assets |  | $ | 978,083 |  |  | $ | 1,128,549 |  |  | $ | 958,588 |
Corporate |  | Net Revenue (Loss) |  | $ | (97,512 | ) |  | $ | 3,554 |  |  | $ | (21,829 | )
|  | Operating Expenses (Credit) (a) |  |  | (11,632 | ) |  |  | 79,808 |  |  |  | 72,116 |
|  | Operating Loss |  | $ | (85,880 | ) |  | $ | (76,254 | ) |  | $ | (93,945 | )
|  | Total Assets |  | $ | 3,774,557 |  |  | $ | 4,778,668 |  |  | $ | 3,831,490 |
Total |  | Net Revenue |  | $ | 2,773,571 |  |  | $ | 3,193,048 |  |  | $ | 2,566,138 |
|  | Operating Expenses (a) |  |  | 2,256,723 |  |  |  | 2,469,200 |  |  |  | 2,063,997 |
|  | Operating Income |  | $ | 516,848 |  |  | $ | 723,848 |  |  | $ | 502,141 |
|  | Total Assets |  | $ | 5,852,561 |  |  | $ | 7,147,181 |  |  | $ | 5,971,861 |
(a) | Operating expenses include depreciation and amortization of property as set forth in table below.
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Financial Advisory |  | $ | 8,968 |  |  | $ | 8,480 |  |  | $ | 6,104 |
Asset Management |  |  | 9,390 |  |  |  | 5,618 |  |  |  | 3,730 |
Corporate |  |  | 23,978 |  |  |  | 24,217 |  |  |  | 25,261 |
Total |  | $ | 42,336 |  |  | $ | 38,315 |  |  | $ | 35,095 |
Schedule of Operating Income, Revenue and Identifiable Assets by Geographical Areas | The following table sets forth the net revenue from, and identifiable assets for, the Company and its consolidated subsidiaries by geographic region allocated on the basis described above. In the table below, Americas principally includes the U.S., EMEA principally includes the U.K. and France, and Asia Pacific principally includes Australia.
|  | As of or for the Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Net Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 1,487,056 |  |  | $ | 1,780,815 |  |  | $ | 1,530,100 |
EMEA |  |  | 1,136,636 |  |  |  | 1,251,058 |  |  |  | 885,924 |
Asia Pacific |  |  | 149,879 |  |  |  | 161,175 |  |  |  | 150,114 |
Total |  | $ | 2,773,571 |  |  | $ | 3,193,048 |  |  | $ | 2,566,138 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 235,640 |  |  | $ | 399,916 |  |  | $ | 362,446 |
EMEA |  |  | 248,404 |  |  |  | 295,991 |  |  |  | 109,991 |
Asia Pacific |  |  | 32,804 |  |  |  | 27,941 |  |  |  | 29,704 |
Total |  | $ | 516,848 |  |  | $ | 723,848 |  |  | $ | 502,141 |
Identifiable Assets: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 3,458,250 |  |  | $ | 4,011,071 |  |  | $ | 3,124,103 |
EMEA |  |  | 2,218,136 |  |  |  | 2,933,180 |  |  |  | 2,534,168 |
Asia Pacific |  |  | 176,175 |  |  |  | 202,930 |  |  |  | 313,590 |
Total |  | $ | 5,852,561 |  |  | $ | 7,147,181 |  |  | $ | 5,971,861 |

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + 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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