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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2019
Newmark [Member] |
Components of Consolidated Net Income (Loss) from Discontinued Operations, Net of Tax | The following table provides the components of “Consolidated net income (loss) from discontinued operations, net of tax” and “Net income (loss) from discontinued operations attributable to noncontrolling interest in subsidiaries” for the years ended December 31, 2018 and 2017 (in thousands):
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |
Revenues: |  |  |  |  |  |  |  |
Commissions |  | $ | 1,116,935 |  |  | $ | 1,014,741 |
Gains from mortgage banking activities/originations, net |  |  | 160,688 |  |  |  | 205,999 |
Real estate management and other services |  |  | 375,428 |  |  |  | 233,063 |
Servicing fees |  |  | 119,587 |  |  |  | 110,441 |
Fees from related parties |  |  | 1,055 |  |  |  | 1,373 |
Interest income |  |  | 35,238 |  |  |  | 36,546 |
Other revenues |  |  | 607 |  |  |  | 242 |
Total revenues |  |  | 1,809,538 |  |  |  | 1,602,405 |
Expenses: |  |  |  |  |  |  |  |
Compensation and employee benefits |  |  | 1,052,487 |  |  |  | 1,007,173 |
Equity-based compensation and allocations of net income to limited partnership units and FPUs |  |  | 141,965 |  |  |  | 111,917 |
Total compensation and employee benefits |  |  | 1,194,452 |  |  |  | 1,119,090 |
Occupancy and equipment |  |  | 69,368 |  |  |  | 62,448 |
Fees to related parties |  |  | 15,999 |  |  |  | 13,208 |
Professional and consulting fees |  |  | 31,699 |  |  |  | 34,270 |
Communications |  |  | 11,328 |  |  |  | 11,809 |
Selling and promotion |  |  | 54,650 |  |  |  | 52,443 |
Commissions and floor brokerage |  |  | 1,087 |  |  |  | 956 |
Interest expense |  |  | 79,732 |  |  |  | 25,546 |
Other expenses |  |  | 197,144 |  |  |  | 128,417 |
Total expenses |  |  | 1,655,459 |  |  |  | 1,448,187 |
Other income (losses), net: |  |  |  |  |  |  |  |
Gains (losses) on equity method investments |  |  | 2,759 |  |  |  | 1,562 |
Other income (loss) |  |  | 110,145 |  |  |  | 72,081 |
Total other income (losses), net |  |  | 112,904 |  |  |  | 73,643 |
Income (loss) from operations before income taxes |  |  | 266,983 |  |  |  | 227,861 |
Provision (benefit) for income taxes |  |  | 90,814 |  |  |  | 57,496 |
Consolidated net income (loss) from discontinued operations, net of tax |  |  | 176,169 |  |  |  | 170,365 |
Less: Net income (loss) from discontinued operations attributable to noncontrolling interest in subsidiaries |  |  | 52,353 |  |  |  | (5,913 | )
Net income (loss) from discontinued operations available to common stockholders1 |  | $ | 123,816 |  |  | $ | 176,278 |
1 | This amount excludes EPU payable-in-kind dividends, which is a reduction to “Net income (loss) from discontinued operations available to common stockholders” for the calculation of the Company’s “Basic earnings (loss) per share and Fully diluted earnings (loss) per share from discontinued operations.”

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