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Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Reporting Information

Three months ended March 31, 2018 (in thousands):

		Financial Services				Real Estate Services				Corporate Items				Total
Brokerage revenues:
Rates		$	160,772			$	—			$	—			$	160,772
Credit			82,050				—				—				82,050
Foreign exchange			99,050				—				—				99,050
Energy and commodities			60,149				—				—				60,149
Equities, insurance, and other asset classes			97,754				—				—				97,754
Leasing and other services			—				159,378				—				159,378
Real estate capital markets			—				101,364				—				101,364
Gains from mortgage banking activities/originations, net			—				38,914				—				38,914
Real estate management and other services			—				96,878				—				96,878
Servicing fees			—				28,926				—				28,926
Fees from related parties			—				291				6,299				6,590
Data, software and post-trade			15,099				—				—				15,099
Other revenues			913				48				13				974
Total non-interest revenues			515,787				425,799				6,312				947,898
Interest income			834				6,072				1,842				8,748
Total revenues			516,621				431,871				8,154				956,646
Interest expense			—				3,692				23,446				27,138
Non-interest expenses			403,821				351,427				80,809				836,057
Total expenses			403,821				355,119				104,255				863,195
Other income (losses), net:
Gain (loss) on divestiture and sale of investments			—				—				—				—
Gains (losses) on equity investments			—				3,176				2,625				5,801
Other income (losses)			10,935				2,433				20,574				33,942
Total other income (losses), net			10,935				5,609				23,199				39,743
Income (loss) from operations before income taxes		$	123,735			$	82,361			$	(72,902	)		$	133,194

Three months ended March 31, 2017 (in thousands):

		Financial Services				Real Estate Services				Corporate Items				Total
Brokerage revenues:
Rates		$	135,752			$	—			$	—			$	135,752
Credit			81,870				—				—				81,870
Foreign exchange			80,026				—				—				80,026
Energy and commodities			53,145				—				—				53,145
Equities, insurance, and other asset classes			75,706				—				—				75,706
Leasing and other services			—				127,574				—				127,574
Real estate capital markets			—				77,390				—				77,390
Gains from mortgage banking activities/originations, net			—				45,261				—				45,261
Real estate management and other services			—				50,630				—				50,630
Servicing fees			—				24,832				—				24,832
Fees from related parties			—				373				6,565				6,938
Data, software and post-trade			13,087				—				—				13,087
Other revenues			942				4				30				976
Total non-interest revenues			440,528				326,064				6,595				773,187
Interest income			650				7,656				1,700				10,006
Total revenues			441,178				333,720				8,295				783,193
Interest expense			—				1,874				16,889				18,763
Non-interest expenses			353,906				279,292				79,252				712,450
Total expenses			353,906				281,166				96,141				731,213
Other income (losses), net:
Gain (loss) on divestiture and sale of investments			—				—				557				557
Gains (losses) on equity investments			—				—				237				237
Other income (losses)			4,648				—				372				5,020
Total other income (losses), net			4,648				—				1,166				5,814
Income (loss) from operations before income taxes		$	91,920			$	52,554			$	(86,680	)		$	57,794

Total Assets by Reportable Segment

Total assets by reportable segment (in thousands):

Total Assets1		Financial Services				Real Estate Services				Total
At March 31, 2018		$	3,720,346			$	3,057,150			$	6,777,496
At December 31, 2017		$	3,146,023			$	2,283,689			$	5,429,712

Geographic Information Regarding Revenues

Information regarding revenues for the three months ended March 31, 2018 and 2017, respectively, is as follows (in thousands):

		Three Months Ended March 31,
		2018				2017
Revenues:
United States		$	572,254			$	461,686
United Kingdom			223,559				186,810
Asia			69,029				61,109
Other Europe/MEA			53,672				34,002
France			23,018				25,265
Other Americas			15,114				14,321
Total revenues		$	956,646			$	783,193

Information Regarding Long-Lived Assets in Geographic Areas

Information regarding long-lived assets (defined as loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; certain other investments; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas as of March 31, 2018 and December 31, 2017, respectively, is as follows (in thousands):

		March 31,				December 31,
		2018				2017
Long-lived assets:
United States		$	1,419,107			$	1,373,118
United Kingdom			330,683				352,232
Asia			38,207				32,603
Other Europe/MEA			12,235				10,477
France			9,163				7,373
Other Americas			27,313				27,050
Total long-lived assets		$	1,836,708			$	1,802,853

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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