XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Segment, Geographic and Product Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment, Geographic and Product Information Segment, Geographic and Product Information
Segment Information
The Company currently operates in one reportable segment, brokerage services. We provide or have provided brokerage services to the financial markets, through integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (Rates and Credit), FX, Equities, Energy and Commodities, and Futures and Options. On November 1, 2021, we sold our Insurance brokerage business to The Ardonagh Group (see Note 5—"Divestitures"). 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.K., U.S., Asia (including Australia), Other Europe, MEA, France, and Other Americas. Information regarding revenues is as follows (in thousands):
Three Months Ended March 31,
20222021
Revenues:
U.K.$180,880 $236,564 
U.S.148,820 143,439 
Asia77,049 83,084 
Other Europe/MEA53,105 57,951 
France30,262 30,955 
Other Americas16,348 15,583 
Total revenues$506,464 $567,576 
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):
March 31,
2022		December 31, 2021
Long-lived assets:
U.S.$763,642 $771,696 
U.K.417,142 412,767 
Asia74,165 73,779 
Other Europe/MEA46,105 47,888 
Other Americas17,138 16,032 
France15,695 16,996 
Total long-lived assets$1,333,887 $1,339,158 
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, Energy and Commodities, and Futures and Options. On November 1, 2021, we sold our Insurance brokerage business to The Ardonagh Group (see Note 5—"Divestitures"). 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 March 31,
20222021
Revenues:
Rates$158,809 $161,793 
Credit83,908 90,047 
Energy and commodities82,395 75,868 
FX80,025 83,433 
Equities67,128 70,462 
Insurance1
— 52,380 
Total brokerage revenues$472,265 $533,983 
All other revenues34,199 33,593 
Total revenues$506,464 $567,576 
____________________________
1On November 1, 2021, we sold our Insurance Brokerage business to The Ardonagh Group (see Note 5—"Divestitures")