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Compensation and Benefits (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Components of Compensation Expense Total compensation and benefits consists of the following:
 For the Three Months Ended September 30, For the Nine Months Ended September 30,
2022202120222021
Salaries, incentive compensation and benefits (1)
$109,563 $130,831 $352,221 $385,106 
Long-term cash incentive compensation expense2,453 1,806 7,065 4,941 
Restricted share-based award compensation expense10,017 9,598 30,073 29,666 
Long-term incentive compensation expense12,470 11,404 37,138 34,607 
Total compensation and benefits$122,033 $142,235 $389,359 $419,713 
(1) Excluding long-term incentive compensation expense
Restricted Share-Based Award Activity The following tables summarize the restricted share-based award activity for the nine months ended September 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 
Forfeited39.99 (15,749)
Vested35.09 (605,550)
Unvested at September 30, 2022
$39.06 5,412,798 
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 September 30, 2022
$58.13 231,170 
Change in Value of Investments
The change in value of the investments had the following impact on the unaudited consolidated statements of operations:
 For the Three Months Ended September 30, For the Nine Months Ended September 30,
Statement of Operations SectionStatement of Operations Line Item 2022202120222021
Operating expenses (benefit)Compensation and benefits$(1,490)$83 $(4,138)$297 
Non-operating income (expense) Other net investment gain (loss)(3,987)(356)(19,192)2,117