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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Reportable Segment Information

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

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

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No definition available.

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