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Segment Reporting
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Reporting

15. Segment Reporting

The Company operates as an ETP sponsor and asset manager providing investment advisory services in the U.S., Europe, Canada and Japan. These activities are reported in the Company’s U.S. Business and International Business reportable segments. The U.S. Business segment includes the results of the Company’s U.S. operations and Japan sales office. The results of the Company’s European and Canadian operations are reported as the International Business segment.

Information concerning these reportable segments are as follows:

 

     Three Months Ended March 31,  
     2017      2016  

Revenues (U.S. Business segment)

      

Advisory fees

    $ 51,026      $ 59,092  

Other income

      1,312        221  
  

 

 

     

 

 

  

Total revenues (U.S. Business segment)

    $ 52,338      $ 59,313  
  

 

 

     

 

 

  

Revenues (International Business segment)

      

Advisory fees

    $ 2,236      $ 1,523  

Other income

      25        42  
  

 

 

     

 

 

  

Total revenues (International Business segment)

    $ 2,261      $ 1,565  
  

 

 

     

 

 

  

Total revenues

    $ 54,599      $ 60,878  
  

 

 

     

 

 

  

Income/(loss) before taxes

      

U.S. Business segment

    $ 17,908      $ 24,210  

International Business segment

      (3,086 )       (2,538 ) 
  

 

 

     

 

 

  

Total income before taxes

    $ 14,822      $ 21,672  
  

 

 

     

 

 

  

Assets are not reported by segment as such information is not utilized by the chief operating decision maker. The vast majority of the Company’s assets are located in the U.S.