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Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2018
Summary of Revenues from Contracts with Customers and Other Sources of Revenues | The following table presents the Company’s total revenues separated between revenues from contracts with customers and other sources of revenues (in thousands):
|  | Three Months Ended March 31, 2018 |
Revenue from contracts with customers: |  |  |  |
Commissions |  | $ | 668,599 |
Real estate management services |  |  | 96,878 |
Data, software, and post-trade |  |  | 15,099 |
Fees from related parties |  |  | 6,590 |
Total revenue from contracts with customers |  |  | 787,166 |
Other sources of revenue: |  |  |  |
Principal transactions |  |  | 91,918 |
Gains from mortgage banking activities/originations, net |  |  | 38,914 |
Servicing fees |  |  | 28,926 |
Interest income |  |  | 8,748 |
Other revenues |  |  | 974 |
Total revenues |  | $ | 956,646 |
Revenue [Member] |
Schedule of Condensed Consolidated Statements of Financial Condition and Condensed Consolidated Statement of Operations Impact of ASC Topic 606 | The table below presents the impact to the Company’s condensed consolidated statements of financial condition and condensed consolidated statement of operations as a result of these changes (in thousands):
|  | Three Months Ended March 31, 2018 |
|  | As Reported |  |  | Under Previous U.S. GAAP 1 |  |  | ASC Topic 606 Impact: Increase (decrease) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Commissions |  |  | 668,599 |  |  |  | 657,982 |  |  |  | 10,617 |
Real estate management and other services |  |  | 96,878 |  |  |  | 78,491 |  |  |  | 18,387 |
Total revenues |  |  | 956,646 |  |  |  | 927,642 |  |  |  | 29,004 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Total compensation and employee benefits |  |  | 600,043 |  |  |  | 594,401 |  |  |  | 5,642 |
Other expenses |  |  | 68,591 |  |  |  | 50,204 |  |  |  | 18,387 |
Total expenses |  |  | 863,195 |  |  |  | 839,166 |  |  |  | 24,029 |
|  | As of March 31, 2018 |
|  | As Reported |  |  | Under Previous U.S. GAAP 1 |  |  | ASC Topic 606 Impact: Increase (decrease) |
Statement of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Accrued commissions and other receivables, net |  |  | 784,513 |  |  |  | 706,060 |  |  |  | 78,453 |
Total assets |  |  | 6,777,496 |  |  |  | 6,699,043 |  |  |  | 78,453 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accrued compensation |  |  | 442,871 |  |  |  | 405,477 |  |  |  | 37,394 |
Accounts payable, accrued and other liabilities |  |  | 976,432 |  |  |  | 959,152 |  |  |  | 17,280 |
Total liabilities |  |  | 5,290,789 |  |  |  | 5,236,115 |  |  |  | 54,674 |
1 The amounts reflect each affected financial statement line item as they would have been reported under U.S. GAAP, prior to the adoption of the new revenue standard.

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