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Segment, Geographic and Product Information | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Segment, Geographic and Product Information |
23. | Segment, Geographic and Product Information
Segment Information The Company currently operates its business in one reportable segment, by providing brokerage services to the financial markets, integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (rates and credit), FX, equities, insurance, energy and commodities, and futures. It also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions. Geographic Information The Company offers products and services in the U.S., U.K., Asia (including Australia), Other Europe, MEA, France, and Other Americas. Information regarding revenues is as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 135,911 |  |  | $ | 145,571 |  |  | $ | 289,355 |  |  | $ | 291,991 |
U.K. |  |  | 222,726 |  |  |  | 222,473 |  |  |  | 465,096 |  |  |  | 454,253 |
Asia |  |  | 74,596 |  |  |  | 92,297 |  |  |  | 164,188 |  |  |  | 173,864 |
Other Europe/MEA |  |  | 46,508 |  |  |  | 54,349 |  |  |  | 113,145 |  |  |  | 104,192 |
France |  |  | 25,968 |  |  |  | 21,130 |  |  |  | 60,221 |  |  |  | 42,619 |
Other Americas |  |  | 13,379 |  |  |  | 15,367 |  |  |  | 30,250 |  |  |  | 29,019 |
Total revenues |  | $ | 519,088 |  |  | $ | 551,187 |  |  | $ | 1,122,255 |  |  | $ | 1,095,938 |
Information regarding long-lived assets (defined as loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; ROU assets; certain other investments; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas is as follows (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Long-lived assets: |  |  |  |  |  |  |  |
U.S. |  | $ | 763,286 |  |  | $ | 766,315 |
U.K. |  |  | 637,919 |  |  |  | 595,571 |
Asia |  |  | 124,797 |  |  |  | 122,564 |
Other Europe/MEA |  |  | 52,759 |  |  |  | 38,994 |
France |  |  | 21,042 |  |  |  | 21,877 |
Other Americas |  |  | 17,004 |  |  |  | 19,595 |
Total long-lived assets |  | $ | 1,616,807 |  |  | $ | 1,564,916 |
Product Information The Company’s business is based on the products and services provided and reflect the manner in which financial information is evaluated by management. The Company specializes in the brokerage of a broad range of products, including fixed income (rates and credit), FX, equities, insurance, energy and commodities, and futures. It also provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post-trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions. Product information regarding revenues is as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rates |  | $ | 133,034 |  |  | $ | 152,959 |  |  | $ | 300,274 |  |  | $ | 308,570 |
Credit |  |  | 95,780 |  |  |  | 78,166 |  |  |  | 192,969 |  |  |  | 163,893 |
FX |  |  | 74,393 |  |  |  | 101,899 |  |  |  | 168,759 |  |  |  | 203,457 |
Energy and commodities |  |  | 71,326 |  |  |  | 73,887 |  |  |  | 155,064 |  |  |  | 144,229 |
Insurance |  |  | 45,783 |  |  |  | 41,417 |  |  |  | 90,619 |  |  |  | 72,821 |
Equities |  |  | 61,777 |  |  |  | 65,078 |  |  |  | 143,574 |  |  |  | 134,848 |
Total brokerage revenues |  | $ | 482,093 |  |  | $ | 513,406 |  |  | $ | 1,051,259 |  |  | $ | 1,027,818 |
All other revenues |  |  | 36,995 |  |  |  | 37,781 |  |  |  | 70,996 |  |  |  | 68,120 |
Total revenues |  | $ | 519,088 |  |  | $ | 551,187 |  |  | $ | 1,122,255 |  |  | $ | 1,095,938 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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