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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2019
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the identified acquired assets, liabilities assumed and redeemable noncontrolling interests as of the acquisition date:
| July 1, 2018
($ in thousands) |
Assets: |
Cash and cash equivalents | $ | 2,505 |
Investments | 262 |
Accounts receivable | 6,649 |
Furniture, equipment and leasehold improvements | 70 |
Intangible assets | 62,000 |
Goodwill | 120,213 |
Other assets | 659 |
Total Assets | 192,358 |
Liabilities |
Accrued compensation and benefits | 824 |
Accounts payable and accrued liabilities | 6,534 |
Total liabilities | 7,358 |
Redeemable noncontrolling interests | 55,500 |
Total Net Assets Acquired | $ | 129,500 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | In connection with the allocation of the purchase price, the Company identified the following intangible assets:
| July 1, 2018
| Approximate Fair Value |  | Weighted Average of Useful Life
($ in thousands) |  |  |
Definite-lived intangible assets: |  |  |
Institutional and retail separate account investment contracts | $ | 49,000 |  |  | 6 years
Trade name | 7,000 |  |  | 10 years
Non-competition agreements | 6,000 |  |  | 5 years
Total definite-lived intangible assets | $ | 62,000 |  |  |
Business Acquisition, Pro Forma Information | The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the SGA Acquisition occurred on January 1, 2017. The unaudited pro forma information also reflects adjustments for transaction and integration expenses as if the SGA Acquisition occurred on January 1, 2017. This unaudited information should not be relied upon as indicative of historical results that would have been obtained if the SGA Acquisition had occurred on that date, nor of the results that may be obtained in the future.
| Three Months Ended September 30, 2018 |  | Nine Months Ended September 30, 2018
($ in thousands) |  |  |
Total Revenues | $ | 152,210 |  |  | $ | 431,400 |
Net Income (Loss) Attributable to Common Stockholders | $ | 26,201 |  |  | $ | 69,284 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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