XML 67 R50.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Reporting (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Segment Reporting [Abstract] |
Reportable Segment Information | Information concerning these reportable segments are as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
U.S. Business Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advisory fees |  | $ | 50,216 |  |  | $ | 54,749 |  |  | $ | 158,665 |  |  | $ | 159,417 |
Other income |  |  | 173 |  |  |  | 140 |  |  |  | 482 |  |  |  | 371 |
Total operating revenues |  | $ | 50,389 |  |  | $ | 54,889 |  |  | $ | 159,147 |  |  | $ | 159,788 |
Total operating expenses |  | $ | (33,774 | ) |  | $ | (36,846 | ) |  | $ | (115,442 | ) |  | $ | (107,023 | )
Other income/(expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | (196 | ) |  | $ | — |  |  | $ | (369 | ) |  | $ | — |
Interest income |  |  | 719 |  |  |  | 772 |  |  |  | 2,293 |  |  |  | 1,999 |
Settlement gain |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,909 |
Other gains and losses, net |  |  | 318 |  |  |  | (322 | ) |  |  | 26 |  |  |  | 39 |
Total other income |  | $ | 841 |  |  | $ | 450 |  |  | $ | 1,950 |  |  | $ | 8,947 |
Total income before taxes (U.S. Business Segment) |  | $ | 17,456 |  |  | $ | 18,493 |  |  | $ | 45,655 |  |  | $ | 61,712 |
International Business Segment (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advisory fees |  | $ | 21,463 |  |  | $ | 2,544 |  |  | $ | 45,248 |  |  | $ | 6,760 |
Other income |  |  | 718 |  |  |  | 281 |  |  |  | 1,854 |  |  |  | 774 |
Total operating revenues |  | $ | 22,181 |  |  | $ | 2,825 |  |  | $ | 47,102 |  |  | $ | 7,534 |
Total operating expenses |  | $ | (17,088 | ) |  | $ | (5,644 | ) |  | $ | (41,347 | ) |  | $ | (16,447 | )
Other income/(expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | (2,551 | ) |  | $ | — |  |  | $ | (4,734 | ) |  | $ | — |
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gain on revaluation of deferred consideration |  |  | 7,732 |  |  |  | — |  |  |  | 17,630 |  |  |  | — |
Other gains and losses, net |  |  | (200 | ) |  |  | (178 | ) |  |  | (670 | ) |  |  | (256 | )
Total other income/(expenses) |  | $ | 4,981 |  |  | $ | (178 | ) |  | $ | 12,226 |  |  | $ | (256 | )
Total income/(loss) before taxes (International Business Segment) |  | $ | 10,074 |  |  | $ | (2,997 | ) |  | $ | 17,981 |  |  | $ | (9,169 | )
Income/(loss) before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Business segment |  | $ | 17,456 |  |  | $ | 18,493 |  |  | $ | 45,655 |  |  | $ | 61,712 |
International Business segment |  |  | 10,074 |  |  |  | (2,997 | ) |  |  | 17,981 |  |  |  | (9,169 | )
Total income before taxes |  | $ | 27,530 |  |  | $ | 15,496 |  |  | $ | 63,636 |  |  | $ | 52,543 |
Assets are not reported by segment as such information is not utilized by the chief operating decision maker.
(1) | The financial results of ETFS are included in the International Business reportable segment as of April 11, 2018.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration