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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of 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:

						Year Ended December 31,
						2023						2022						2021
Financial Advisory			Net Revenue			$	1,385,357					$	1,666,156					$	1,764,509
			Operating Expenses (a)			1,489,862						1,304,715						1,356,567
			Operating Income (Loss)			$	(104,505)					$	361,441					$	407,942
Asset Management			Net Revenue			$	1,151,496					$	1,204,927					$	1,424,985
			Operating Expenses (a)			1,011,574						963,640						1,032,825
			Operating Income			$	139,922					$	241,287					$	392,160
Corporate			Net Revenue (Loss)			$	(21,364)					$	(97,512)					$	3,554
			Operating Expenses (Credit) (a)			94,010						(11,632)						79,808
			Operating Loss			$	(115,374)					$	(85,880)					$	(76,254)
Total			Net Revenue			$	2,515,489					$	2,773,571					$	3,193,048
			Operating Expenses (a)			2,595,446						2,256,723						2,469,200
			Operating Income (Loss)			$	(79,957)					$	516,848					$	723,848

_____________________

(a)Operating expenses include depreciation and amortization of property as set forth in table below.

			Year Ended December 31,
			2023						2022						2021
Financial Advisory			$	8,517					$	8,968					$	8,480
Asset Management			6,476						9,390						5,618
Corporate			27,860						23,978						24,217
Total			$	42,853					$	42,336					$	38,315

			December 31,
			2023						2022
Total Assets
Financial Advisory			$	1,154,483					$	1,099,921
Asset Management (b)			1,232,364						1,786,830
Corporate (b)			2,248,934						2,965,810
Total			$	4,635,781					$	5,852,561

_____________________

(b)Effective December 31, 2023, certain assets, primarily “deposits with banks and short-term investments”, previously reported in the Corporate segment are reported in the Asset Management segment resulting from a change in the segment in which such assets are managed. Comparable prior year information has been recast to reflect the updated presentation.

Schedule of Operating Income, Revenue and Identifiable Assets by Geographical Areas

The following table sets forth the net revenue from, and total 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.

			Year Ended December 31,
			2023						2022						2021
Net Revenue:
Americas			$	1,193,056					$	1,487,056					$	1,780,815
EMEA			1,162,052						1,136,636						1,251,058
Asia Pacific			160,381						149,879						161,175
Total			$	2,515,489					$	2,773,571					$	3,193,048
Operating Income:
Americas			$	(224,857)					$	235,640					$	399,916
EMEA			108,058						248,404						295,991
Asia Pacific			36,842						32,804						27,941
Total			$	(79,957)					$	516,848					$	723,848

			December 31,
			2023						2022
Total Assets:
Americas			$	2,808,962					$	3,458,250
EMEA			1,679,644						2,218,136
Asia Pacific			147,175						176,175
Total			$	4,635,781					$	5,852,561

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

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-Name Accounting Standards Codification
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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.

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