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v3.19.3.a.u2

Segment Reporting - Reportable Segment Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Operating Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues | $ 68,907 | $ 67,718 | $ 66,293 | $ 65,485 | $ 67,867 | $ 72,570 | $ 74,775 | $ 58,904 |  | $ 268,403 |  | $ 274,116 |  | $ 228,295
Total operating expenses |  |  |  |  |  |  |  |  |  | (214,869) |  | (212,837) |  | (179,207)
Other income/(expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (11,240) |  | (7,962) |  |
Interest income |  |  |  |  |  |  |  |  |  | 3,332 |  | 3,093 |  | 2,861
(Loss)/gain on revaluation of deferred consideration – gold payments | (5,354) | (6,306) | (4,037) | 4,404 | (5,410) | 7,732 | 9,898 |  | $ 12,220 | (11,293) | [1] | 12,220 | [1] |
Impairment | 30,138 | 0 | 0 | 572 | 17,386 |  |  |  |  | 30,710 |  | 17,386 |  |
Settlement gain |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,909
Other gains/(losses), net |  |  |  |  |  |  |  |  |  | (3,502) |  | (205) |  | (666)
Income/(loss) before taxes | $ (22,355) | $ 8,635 | $ 6,066 | $ 7,775 | $ (12,597) | $ 27,530 | $ 22,184 | $ 13,922 |  | 121 |  | 51,039 |  | 58,192
Advisory Fees [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  |  |  |  |  |  |  |  |  | 265,652 |  | 271,104 |  | 226,692
U.S. Business segment [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other income |  |  |  |  |  |  |  |  |  | 339 |  | 608 |  | 520
Total revenues |  |  |  |  |  |  |  |  |  | 170,828 |  | 204,906 |  | 217,541
Total operating expenses |  |  |  |  |  |  |  |  |  | (141,067) |  | (152,430) |  | (156,342)
Other income/(expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (780) |  | (566) |  |
Interest income |  |  |  |  |  |  |  |  |  | 3,326 |  | 3,093 |  | 2,861
Impairment |  |  |  |  |  |  |  |  |  | (30,710) |  | (17,386) |  |
Settlement gain |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,909
Other gains/(losses), net |  |  |  |  |  |  |  |  |  | 272 |  | 292 |  | (432)
Other income/(expenses) |  |  |  |  |  |  |  |  |  | (27,892) |  | (14,567) |  | 9,338
Income/(loss) before taxes |  |  |  |  |  |  |  |  |  | 1,869 |  | 37,909 |  | 70,537
U.S. Business segment [Member] | Advisory Fees [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  |  |  |  |  |  |  |  |  | 170,489 |  | 204,298 |  | 217,021
International Business Segment [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other income |  |  |  |  |  |  |  |  |  | 2,412 |  | 2,404 |  | 1,083
Total revenues |  |  |  |  |  |  |  |  |  | 97,575 |  | 69,210 |  | 10,754
Total operating expenses |  |  |  |  |  |  |  |  |  | (73,802) |  | (60,407) |  | (22,865)
Other income/(expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (10,460) |  | (7,396) |  |
Interest income |  |  |  |  |  |  |  |  |  | 6 |  |  |  |
(Loss)/gain on revaluation of deferred consideration – gold payments |  |  |  |  |  |  |  |  |  | (11,293) |  | 12,220 |  |
Other gains/(losses), net |  |  |  |  |  |  |  |  |  | (3,774) |  | (497) |  | (234)
Other income/(expenses) |  |  |  |  |  |  |  |  |  | (25,521) |  | 4,327 |  | (234)
Income/(loss) before taxes |  |  |  |  |  |  |  |  |  | (1,748) |  | 13,130 |  | (12,345)
International Business Segment [Member] | Advisory Fees [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  |  |  |  |  |  |  |  |  | $ 95,163 |  | $ 66,806 |  | $ 9,671
[1] | (Losses)/gains arise due to increases/(decreases) in the forward-looking price of gold and the magnitude of any gain or loss is highly correlated to the magnitude of the change in the forward-looking price of gold. See Note 5 for a reconciliation of changes in the deferred consideration balances

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