XML 64 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

Revenues from Contracts with Customers | 3 Months Ended
--- | ---
Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer | 17. Revenues from Contracts with Customers The following table presents the Company’s total revenues from contracts with customers:
|  | Three Months Ended |
|  | March 31, 2020 |  |  | March 31, 2019 |
Revenues from contracts with customers: |  |  |  |  |  |  |  |
Advisory fees |  | $ | 62,950 |  |  | $ | 64,840 |
Other |  |  | 924 |  |  |  | 645 |
Total operating revenues |  | $ | 63,874 |  |  | $ | 65,485 |
The Company recognizes revenues from contracts with customers when the performance obligation is satisfied, which is when the promised goods or services are transferred to the customer. A good or service is considered to be transferred when the customer obtains control, which is represented by the transfer of rights with regard to the good or service. Transfer of control happens either over time or at a point in time. When a performance obligation is satisfied over time, an entity is required to select a single method of measuring progress for each performance obligation that depicts the entity’s performance in transferring control of goods or services to the customer. Substantially all the Company’s revenues from contracts with customers are derived primarily from investment advisory agreements with related parties (Note 18). These advisory fees are recognized over time, are earned from the Company’s ETPs and are calculated based on a percentage of the ETPs’ average daily net assets. There is no significant judgment in calculating amounts due which are invoiced monthly in arrears and are not subject to any potential reversal. Progress is measured using the practical expedient under the output method resulting in the recognition of revenue in the amount for which the Company has a right to invoice. There are no contract assets or liabilities that arise in connection with the recognition of advisory fee revenue. In addition, there are no costs incurred to obtain or fulfill the contracts with customers, all of which are investment advisory agreements with related parties. Geographic Distribution of Revenue The following table presents the Company’s total revenues geographically as determined by where the respective management companies reside:
|  | Three Months Ended |
|  | March 31, 2020 |  |  | March 31, 2019 |
United States |  | $ | 39,870 |  |  | $ | 42,623 |
Jersey |  |  | 22,525 |  |  |  | 21,161 |
Ireland |  |  | 1,114 |  |  |  | 1,155 |
Canada (Note 24) |  |  | 365 |  |  |  | 546 |
Total operating revenues |  | $ | 63,874 |  |  | $ | 65,485 |

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

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration