XML 42 R32.htm IDEA: XBRL DOCUMENT v3.22.2
Compensation and Benefits (Tables)
6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Components of Compensation Expense Total compensation and benefits consists of the following:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2022202120222021
Salaries, incentive compensation and benefits (1)
$115,463 $125,911 $242,658 $254,275 
Long-term cash incentive compensation expense1,963 1,921 4,612 3,135 
Restricted share-based award compensation expense9,968 10,181 20,056 20,068 
Long-term incentive compensation expense11,931 12,102 24,668 23,203 
Total compensation and benefits$127,394 $138,013 $267,326 $277,478 
(1) Excluding long-term incentive compensation expense
Restricted Share-Based Award Activity The following tables summarize the restricted share-based award activity for the six months ended June 30, 2022:
Weighted-Average Grant Date Fair ValueRestricted Stock Awards and Restricted Stock Units
Unvested at January 1, 2022
$38.18 5,245,394 
Granted41.86 788,703 
Forfeited39.29 (8,664)
Vested34.91 (580,550)
Unvested at June 30, 2022
$39.06 5,444,883 
Nonvested Restricted Stock Shares Activity
Weighted-Average Grant Date Fair ValuePerformance Share Units
Unvested at January 1, 2022
$61.42 135,230 
Granted53.50 95,940 
Forfeited— — 
Vested— — 
Unvested at June 30, 2022
$58.13 231,170 
Change in Value of Investments
The change in value of the investments had the following impact on the unaudited consolidated statements of operations:
For the Three Months Ended June 30,For the Six Months Ended June 30,
Statement of Operations SectionStatement of Operations Line Item 2022202120222021
Operating expenses Compensation and benefits$(1,941)$213 $(2,648)$210 
Non-operating income (expense) Other net investment gain (loss)(12,244)(2,578)(15,205)(2,473)