Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2018		Nine Months Ended September 30, 2018
Revenue from contracts with customers:
Commissions	$	671,318	$	1,998,237
Real estate management services		101,881		305,880
Data, software, and post-trade		16,547		47,016
Fees from related parties		7,128		19,989
Total revenue from contracts with customers		796,874		2,371,122
Other sources of revenue:
Principal transactions		73,360		250,266
Gains from mortgage banking activities/originations, net		51,972		132,764
Servicing fees		34,948		96,207
Interest income		15,946		37,060
Other revenues		4,154		6,557
Total revenues	$	977,254	$	2,893,976

Revenue [Member]

Schedule of Unaudited Condensed Consolidated Statements of Financial Condition and Unaudited Condensed Consolidated Statement of Operations Impact of ASC Topic 606

The table below presents the impact to the Company’s unaudited condensed consolidated statements of financial condition and unaudited condensed consolidated statement of operations as a result of these changes (in thousands):

	Three Months Ended September 30, 2018		Nine Months Ended September 30, 2018
ASC Topic 606 Impact:
Revenues:
Commissions	$	11,446	$	32,826
Real estate management and other services		21,072		63,937
Total revenues	$	32,518	$	96,763

Expenses:
Total Compensation and employee benefits	$	5,824	$	16,304
Other expenses		21,072		63,937
Total expenses	$	26,896	$	80,241

	As of September 30, 2018
ASC Topic 606 Impact:
Assets
Accrued commissions and other receivables, net	$	108,666
Total assets	$	108,666

Liabilities and equity
Accrued compensation	$	48,057
Accounts payable, accrued and other liabilities		25,399

Retained earnings		35,210
Total liabilities and equity	$	108,666