XML 118 R104.htm IDEA: XBRL DOCUMENT v3.10.0.1
Notes Payable, Other and Short-term Borrowings - Additional Information (Detail)
shares in Millions
3 Months Ended 9 Months Ended
Nov. 06, 2018
USD ($)
Oct. 15, 2018
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Aug. 01, 2018
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Jul. 24, 2018
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Jun. 30, 2018
Dec. 31, 2017
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Sep. 08, 2017
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Aug. 23, 2017
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Aug. 22, 2017
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Feb. 25, 2016
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Apr. 28, 2015
shares
Sep. 30, 2018
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Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
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Sep. 30, 2018
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Sep. 05, 2018
Sep. 04, 2018
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Jul. 19, 2018
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Aug. 23, 2017
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Aug. 22, 2017
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May 31, 2017
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May 27, 2016
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Mar. 13, 2015
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Dec. 09, 2014
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Jun. 26, 2012
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Debt Instrument [Line Items]                                                    
Repayment of term loan                           $ 5,166,612,000 $ 6,913,030,000                      
Proceeds from notes payable                           5,937,964,000 7,314,793,000                      
Debt instrument, fair value           $ 992,250,000           $ 1,060,031,000   $ 1,060,031,000                        
Redemption price as percentage of principal amount                           100.00%                        
Carrying amount of debt component           $ 1,656,555,000           1,328,025,000   $ 1,328,025,000                        
Interest expense                       33,472,000 $ 24,425,000 88,051,000 69,678,000                      
IPO [Member]                                                    
Debt Instrument [Line Items]                                                    
Net proceeds from the IPO to partially repay the term loan                           $ 304,300,000                        
Senior Revolving Credit Agreement [Member] | Unsecured Debt [Member] | Subsequent Event [Member]                                                    
Debt Instrument [Line Items]                                                    
Repayments of revolving credit   $ 125,000,000                                                
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Revolving Credit and Converted Term Loan Agreement [Member]                                                    
Debt Instrument [Line Items]                                                    
Maximum revolving credit             $ 400,000,000                                      
Credit agreement maturity date                           Sep. 08, 2019                        
Debt instrument, basis point         0.75% 0.50%                                        
Line of credit facility, description                           Borrowings under the Converted Term Loan bear interest at either LIBOR or a defined base rate plus an additional margin which ranges from 50 basis points to 325 basis points depending on the Company’s debt rating as determined by S&P and Fitch and whether such loan is a LIBOR loan or a base rate loan. As there were amounts outstanding under the senior term loan as of December 31, 2017, the pricing increased by 50 basis points. Also, since there were amounts outstanding under the senior term loan as of June 30, 2018, the pricing increased by an additional 75 basis points (125 basis points in the aggregate) until the senior term loan is paid in full. From and after the repayment in full of the senior term loan, the pricing shall return to the levels previously described.                        
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Revolving Credit and Converted Term Loan Agreement [Member] | LIBOR or Defined Base Rate [Member] | Minimum [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, basis point             0.50%                                      
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Revolving Credit and Converted Term Loan Agreement [Member] | LIBOR or Defined Base Rate [Member] | Maximum [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, basis point             3.25%                                      
Unsecured Credit Agreement September 8, 2017 [Member] | Converted Term Loan [Member]                                                    
Debt Instrument [Line Items]                                                    
Repayment of term loan                           $ 266,100,000                        
Debt instrument gross amount                       132,500,000   132,500,000                        
Debt instrument, fair value           $ 397,300,000           132,500,000   132,500,000                        
Line of credit facility, outstanding amount                       134,000,000   134,000,000                        
Deferred financing costs                       $ 1,500,000   $ 1,500,000                        
Current interest rate                       4.41%   4.41%   4.41%                    
Interest expense recorded                       $ 3,100,000   $ 12,100,000                        
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Revolving Credit Agreement [Member] | Unsecured Debt [Member]                                                    
Debt Instrument [Line Items]                                                    
Proceeds from notes payable                           125,000,000                        
Debt instrument gross amount                       125,000,000   125,000,000                        
Debt instrument, fair value                       $ 125,000,000   $ 125,000,000                        
Current interest rate                       4.35%   4.35%   4.35%                    
Interest expense recorded                       $ 800,000   $ 800,000                        
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Term Loan Credit Agreement [Member]                                                    
Debt Instrument [Line Items]                                                    
Maximum revolving credit             $ 575,000,000                                      
Credit agreement maturity date                           Sep. 08, 2019                        
Debt instrument, basis point           0.50%                                        
Line of credit facility, description                           Borrowings under the senior term loan bear interest at either LIBOR or a defined base rate plus an additional margin which ranges from 50 basis points to 325 basis points depending on the Company’s debt rating as determined by S&P and Fitch and whether such loan is a LIBOR loan or a base rate loan. As there were amounts outstanding under the senior term loan as of December 31, 2017, the pricing increased by 50 basis points. From and after the repayment in full of the senior term loan, the pricing shall return to the levels previously described.                        
Debt instrument, fair value                       270,700,000   $ 270,700,000                        
Line of credit facility, outstanding amount                       0   0                        
Interest expense recorded                         1,500,000 2,600,000 1,500,000                      
Line of credit facility, outstanding amount                       270,700,000   270,700,000                        
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Term Loan Credit Agreement [Member] | Newmark [Member]                                                    
Debt Instrument [Line Items]                                                    
Percentage of net cash proceeds of all material asset sales             100.00%                                      
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Term Loan Credit Agreement [Member] | LIBOR or Defined Base Rate [Member] | Minimum [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, basis point             0.50%                                      
Unsecured Credit Agreement September 8, 2017 [Member] | Senior Term Loan Credit Agreement [Member] | LIBOR or Defined Base Rate [Member] | Maximum [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, basis point             3.25%                                      
Converted Term Loan [Member] | Unsecured Debt [Member] | Subsequent Event [Member]                                                    
Debt Instrument [Line Items]                                                    
Repayments of outstanding borrowings $ 134,000,000                                                  
Redemption of outstanding principal amount 134,000,000                                                  
Converted Term Loan [Member] | Unsecured Debt [Member] | Subsequent Event [Member] | Newmark [Member]                                                    
Debt Instrument [Line Items]                                                    
Repayments of outstanding borrowings 134,000,000                                                  
Redemption of outstanding principal amount $ 134,000,000                                                  
8.125% Senior Notes Due 2042 [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, fair value           $ 116,550,000                                        
Interest expense recorded                       $ 4,700,000 2,300,000 $ 9,300,000 6,900,000                      
Repayments of outstanding borrowings     $ 112,500,000                                              
Stated interest rate           8.125%           8.125%   8.125%   8.125%                    
Principal amount of notes                                                   $ 112,500,000
Debt maturity year                           2042                        
Earliest call date                           Jun. 26, 2017                        
Carrying amount of debt component                                                   108,700,000
Debt issuance costs                                                   $ 3,800,000
Redemption of outstanding principal amount     $ 112,500,000                                              
8.125% Senior Notes Due 2042 [Member] | Level 1 [Member]                                                    
Debt Instrument [Line Items]                                                    
Stated interest rate                       8.125%   8.125%   8.125%                    
8.125% Senior Notes Due 2042 [Member] | Newmark [Member]                                                    
Debt Instrument [Line Items]                                                    
Stated interest rate                                 8.125% 6.50%                
Principal amount of notes                                   $ 112,500,000                
5.375% Senior Notes Due 2019 [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, fair value           $ 313,125,000           $ 305,040,000   $ 305,040,000                        
Interest expense recorded                       $ 4,300,000 4,300,000 $ 12,800,000 12,800,000                      
Stated interest rate           5.375%           5.375%   5.375%   5.375%                    
Principal amount of notes                                                 $ 300,000,000  
Debt maturity year                           2019                        
Redemption price as percentage of principal amount                           101.00%                        
Carrying amount of debt component                                                 295,100,000  
Debt issuance costs                                                 $ 4,900,000  
Debt instrument, periodic interest payment description                           payable in cash on June 9 and December 9 of each year, commencing June 9, 2015.                        
Senior Notes maturity date                           Dec. 09, 2019                        
5.375% Senior Notes Due 2019 [Member] | Level 2 [Member]                                                    
Debt Instrument [Line Items]                                                    
Stated interest rate                       5.375%   5.375%   5.375%                    
8.375% Senior Notes Due July 2018 [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, fair value           $ 247,200,000                                        
Interest expense recorded                       $ 1,000,000 5,000,000 $ 11,100,000 15,100,000                      
Line of credit facility, outstanding amount                                     $ 240,000,000              
Stated interest rate           8.375%           8.375%   8.375%   8.375%                    
Principal amount of notes                       $ 240,000,000   $ 240,000,000                        
Debt instrument, periodic interest payment description                           semi-annually                        
Debt maturity date                           2018-07                        
Debt instrument penalty interest                           2.00%                        
8.375% Senior Notes Due July 2018 [Member] | Level 2 [Member]                                                    
Debt Instrument [Line Items]                                                    
Stated interest rate                       8.375%   8.375%   8.375%                    
8.375% Senior Notes Due July 2018 [Member] | GFI Group Inc. [Member]                                                    
Debt Instrument [Line Items]                                                    
Stated interest rate                       8.375%   8.375%   8.375%                    
Debt instrument penalty interest                           0.25%                        
Stock issued during period, shares, new issues | shares                     43.0                              
Percentage of outstanding common stock owned by parent                     67.00%                              
5.125% Senior Notes Due 2021 [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, fair value           $ 315,375,000           $ 305,895,000   $ 305,895,000                        
Interest expense recorded                       $ 4,100,000 4,000,000 $ 12,100,000 12,100,000                      
Stated interest rate           5.125%           5.125%   5.125%   5.125%             5.125%      
Principal amount of notes                                             $ 300,000,000      
Debt maturity year                           2021                        
Redemption price as percentage of principal amount                           101.00%                        
Carrying amount of debt component                                             295,800,000      
Debt issuance costs                                             $ 4,200,000      
Debt instrument, periodic interest payment description                           payable in cash on May 27 and November 27 of each year, commencing November 27, 2016                        
Senior Notes maturity date                           May 27, 2021                        
5.125% Senior Notes Due 2021 [Member] | Level 2 [Member]                                                    
Debt Instrument [Line Items]                                                    
Stated interest rate                       5.125%   5.125%   5.125%                    
5.375% Senior Notes Due 2023 [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, fair value                       $ 449,096,000   $ 449,096,000                        
Interest expense recorded                       $ 4,600,000 0 $ 4,600,000 0                      
Stated interest rate       5.375%               5.375%   5.375%   5.375%                    
Principal amount of notes       $ 450,000,000                                            
Debt maturity year       2023                   2023                        
Redemption price as percentage of principal amount                           101.00%                        
Carrying amount of debt component       $ 444,200,000                                            
Debt issuance costs       $ 5,800,000                                            
Debt instrument, periodic interest payment description                           payable in cash on January 24 and July 24 of each year, commencing January 24, 2019. The 5.375% Senior Notes due 2023 will mature on July 24, 2023.                        
Senior Notes maturity date                           Jul. 24, 2023                        
3.70% [Member]                                                    
Debt Instrument [Line Items]                                                    
Outstanding balance of the secured loan arrangements                       $ 3,700,000   $ 3,700,000                        
3.70% [Member] | Secured Loan Arrangements [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument gross amount                                               $ 28,200,000    
Deferred financing costs                       25,000   $ 25,000                        
Stated interest rate                                               3.70%    
Senior Notes maturity date                           Mar. 13, 2019                        
Value of the fixed assets pledged                       100,000   $ 100,000                        
Interest expense                       100,000 100,000 200,000 400,000                      
3.44% [Member]                                                    
Debt Instrument [Line Items]                                                    
Outstanding balance of the secured loan arrangements                       21,000,000   $ 21,000,000                        
3.44% [Member] | Secured Loan Arrangements [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument gross amount                                           $ 29,900,000        
Stated interest rate                                           3.44%        
Senior Notes maturity date                           May 31, 2021                        
Value of the fixed assets pledged                       8,900,000   $ 8,900,000                        
Interest expense                       200,000 300,000 600,000 300,000                      
Unsecured Credit Agreement [Member] | Intra-Day Overdraft Credit Line [Member]                                                    
Debt Instrument [Line Items]                                                    
Maximum revolving credit               $ 12,400,000                       R$ 50,000,000            
Credit agreement maturity date               Dec. 14, 2018                                    
Line of credit facility, outstanding amount                       0   0                        
Line of credit facility, fee percentage               1.00%                                    
Line of credit facility, fee                       32,000 100 $ 100,000 100,000                      
Unsecured Credit Agreement [Member] | Revolving Credit Facility [Member]                                                    
Debt Instrument [Line Items]                                                    
Maximum revolving credit                   $ 150,000,000                                
Credit agreement maturity date                   Sep. 08, 2017                                
Line of credit facility, description                           Borrowings under this facility bear interest at either LIBOR or a defined base rate plus an additional margin which ranges from 50 basis points to 250 basis points depending on the Company’s debt rating as determined by S&P and Fitch and whether such loan is a LIBOR loan or a base rate loan.                        
Line of credit facility, outstanding amount           $ 0           0   $ 0                        
Interest expense recorded                       0 1,200,000 $ 0 2,400,000                      
Maximum revolving credit, option to increase                   $ 200,000,000                                
Line of credit facility, terminated outstanding amount             $ 150,000,000                                      
Debt instrument, description of reference rate                           LIBOR                        
Unsecured Credit Agreement [Member] | Revolving Credit Facility [Member] | LIBOR or Defined Base Rate [Member] | Minimum [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, basis point                   0.50%                                
Unsecured Credit Agreement [Member] | Revolving Credit Facility [Member] | LIBOR or Defined Base Rate [Member] | Maximum [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, basis point                   2.50%                                
Unsecured Loan Agreement [Member] | Short Term Loans [Member]                                                    
Debt Instrument [Line Items]                                                    
Maximum revolving credit                 $ 5,000,000                       R$ 20,000,000          
Credit agreement maturity date                 Nov. 20, 2018                                  
Line of credit facility, description                           Borrowings under this facility bear interest at the Brazilian Interbank offering rate plus 3.30%.                        
Line of credit facility, outstanding amount                       $ 5,000,000   $ 5,000,000   R$ 20,000,000                    
Current interest rate                       9.80%   9.80%   9.80%                    
Interest expense recorded                       $ 100,000 $ 100,000 $ 400,000 $ 100,000                      
Debt instrument, description of reference rate                           Brazilian Interbank offering rate                        
Unsecured Loan Agreement [Member] | Brazilian Interbank Offering Rate [Member] | Short Term Loans [Member]                                                    
Debt Instrument [Line Items]                                                    
Debt instrument, basis point                 3.30%