Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Reclassifications to Conform to the Current Year's Consolidated Financial Statement Presentation

The following table summarizes these reclassifications for the three and six months ended June 30, 2017, which had no effect on previously reported net income.


Operating Revenues:	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
Advisory fees (previously reported)	$	56,114		$	109,376
Other ETP fees reclassified to Other income		(258	)		(492	)

Advisory fees (currently reported)	$	55,856		$	108,884


Settlement gain (previously reported)	$	6,909		$	6,909
Reclassify to Other Income/(Expenses)		(6,909	)		(6,909	)

Settlement gain (currently reported)	$	—		$	—


Other income (previously reported)	$	405		$	1,742
Other ETP fees reclassified from Advisory fees		258			492
Interest income reclassified to Other Income/(Expenses)		(641	)		(1,225	)
Realized and unrealized losses reclassified to Other gains and losses, net		364			519
Miscellaneous other income reclassified to Other gains and losses, net		—			(803	)

Other income (currently reported)	$	386		$	725


Total revenues (currently reported)	$	56,242		$	109,609

Other Income/(Expenses):
Interest income reclassified from operating revenues	$	641		$	1,225


Settlement gain reclassified from operating revenues	$	6,909		$	6,909


Other gains and losses, net (previously reported)	$	—		$	—
Realized and unrealized losses reclassified from operating revenues		(364	)		(519	)
Miscellaneous other income reclassified from operating revenues		—			803

Other gains and losses, net (currently reported)	$	(364	)	$	284

Schedule of Estimated Useful Lives of Related Assets

Depreciation is provided for using the straight-line method over the estimated useful lives of the related assets as follows:


		Equipment		5 years
		Furniture and fixtures		15 years