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Segment Reporting | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Segment Reporting | 24. Segment Reporting The Company operates as an ETP sponsor and asset manager providing investment advisory services globally. 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 wind down costs associated with the 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
U.S. Business Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advisory fees |  | $ | 41,950 |  |  | $ | 50,216 |  |  | $ | 127,537 |  |  | $ | 158,665 |
Other income |  |  | 81 |  |  |  | 173 |  |  |  | 263 |  |  |  | 482 |
Total operating revenues |  | $ | 42,031 |  |  | $ | 50,389 |  |  | $ | 127,800 |  |  | $ | 159,147 |
Total operating expenses |  | $ | (33,477 | ) |  | $ | (33,774 | ) |  | $ | (107,060 | ) |  | $ | (115,442 | )
Other income/(expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | (197 | ) |  | $ | (196 | ) |  | $ | (583 | ) |  | $ | (369 | )
Interest income |  |  | 793 |  |  |  | 719 |  |  |  | 2,390 |  |  |  | 2,293 |
Impairment |  |  | — |  |  |  | — |  |  |  | (572 | ) |  |  | — |
Other gains, net |  |  | 235 |  |  |  | 318 |  |  |  | 326 |  |  |  | 26 |
Total other income/(expenses) |  | $ | 831 |  |  | $ | 841 |  |  | $ | 1,561 |  |  | $ | 1,950 |
Total income before taxes (U.S. Business Segment) |  | $ | 9,385 |  |  | $ | 17,456 |  |  | $ | 22,301 |  |  | $ | 45,655 |
International Business Segment (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advisory fees |  | $ | 25,056 |  |  | $ | 21,463 |  |  | $ | 69,936 |  |  | $ | 45,248 |
Other income |  |  | 631 |  |  |  | 718 |  |  |  | 1,760 |  |  |  | 1,854 |
Total operating revenues |  | $ | 25,687 |  |  | $ | 22,181 |  |  | $ | 71,696 |  |  | $ | 47,102 |
Total operating expenses |  | $ | (18,110 | ) |  | $ | (17,088 | ) |  | $ | (53,711 | ) |  | $ | (41,347 | )
Other income/(expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | (2,635 | ) |  | $ | (2,551 | ) |  | $ | (8,051 | ) |  | $ | (4,734 | )
(Loss)/gain on revaluation of deferred consideration – gold payments |  |  | (6,306 | ) |  |  | 7,732 |  |  |  | (5,939 | ) |  |  | 17,630 |
Interest income |  |  | 6 |  |  |  | — |  |  |  | 6 |  |  |  | — |
Other gains/(losses), net |  |  | 608 |  |  |  | (200 | ) |  |  | (3,826 | ) |  |  | (670 | )
Total other income/(expenses) |  | $ | (8,327 | ) |  | $ | 4,981 |  |  | $ | (17,810 | ) |  | $ | 12,226 |
Total (loss)/income before taxes (International Business Segment) |  | $ | (750 | ) |  | $ | 10,074 |  |  | $ | 175 |  |  | $ | 17,981 |
Income/(loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Business segment |  | $ | 9,385 |  |  | $ | 17,456 |  |  | $ | 22,301 |  |  | $ | 45,655 |
International Business segment |  |  | (750 | ) |  |  | 10,074 |  |  |  | 175 |  |  |  | 17,981 |
Total income before income taxes |  | $ | 8,635 |  |  | $ | 27,530 |  |  | $ | 22,476 |  |  | $ | 63,636 |
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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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