2016 Q4 Form 10-K Financial Statement

#000136090118000006 Filed on February 23, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $445.4M $391.1M $355.2M
YoY Change 9.09% 24.77% 30.15%
Cost Of Revenue $4.700M $4.800M $4.500M
YoY Change 46.88% 6.67% -6.25%
Gross Profit $445.4M $386.3M $350.7M
YoY Change 9.11% 25.02% 30.81%
Gross Profit Margin 100.01% 98.77% 98.74%
Selling, General & Admin $322.3M $282.4M $271.4M
YoY Change 5.19% 15.55% 22.75%
% of Gross Profit 72.36% 73.1% 77.39%
Research & Development $10.16M $9.786M
YoY Change 9.25% 0.49%
% of Gross Profit 2.63% 2.79%
Depreciation & Amortization $6.200M $5.900M $6.700M
YoY Change -8.82% -34.44% -1.47%
% of Gross Profit 1.39% 1.53% 1.91%
Operating Expenses $348.0M $301.2M $288.1M
YoY Change 4.33% 1.41% 21.55%
Operating Profit $97.39M $85.07M $62.65M
YoY Change 30.51% 612.07% 101.35%
Interest Expense $2.500M $4.787M $4.537M
YoY Change 25.0% 5.93% -5.7%
% of Operating Profit 2.57% 5.63% 7.24%
Other Income/Expense, Net
YoY Change
Pretax Income $99.87M $86.26M $64.27M
YoY Change 30.25% 572.51% 94.11%
Income Tax $39.91M $38.98M $30.68M
% Of Pretax Income 39.96% 45.19% 47.73%
Net Earnings $43.43M $34.70M $24.09M
YoY Change 110.8% 382.08% 123.77%
Net Earnings / Revenue 9.75% 8.87% 6.78%
Basic Earnings Per Share $1.11 $0.89 $0.61
Diluted Earnings Per Share $0.98 $0.79 $0.55
COMMON SHARES
Basic Shares Outstanding 38.91M shares 39.25M shares
Diluted Shares Outstanding 43.73M shares 43.60M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $625.0M $512.5M $316.0M
YoY Change 26.89% 59.88% 11.96%
Cash & Equivalents $558.5M $446.0M $247.3M
Short-Term Investments $66.49M $66.48M $68.73M
Other Short-Term Assets $23.95M $18.91M $15.48M
YoY Change 46.96% -34.96% -51.5%
Inventory
Prepaid Expenses
Receivables $230.5M $146.3M $189.0M
Other Receivables $15.10M $19.40M $18.00M
Total Short-Term Assets $925.6M $727.8M $579.6M
YoY Change 23.51% 21.98% 5.54%
LONG-TERM ASSETS
Property, Plant & Equipment $51.65M $46.04M $45.05M
YoY Change 7.65% -3.72% -0.25%
Goodwill $161.0M $163.8M $164.7M
YoY Change -3.3% -15.07% -24.34%
Intangibles $29.37M $31.90M $34.60M
YoY Change -28.38% -45.82% -44.0%
Long-Term Investments $79.72M $86.53M $85.94M
YoY Change -7.61% 25.9% 20.06%
Other Assets $378.1M $369.9M $359.9M
YoY Change 8.77% 14.59% 15.13%
Total Long-Term Assets $736.7M $733.8M $727.0M
YoY Change 0.96% 0.01% -3.11%
TOTAL ASSETS
Total Short-Term Assets $925.6M $727.8M $579.6M
Total Long-Term Assets $736.7M $733.8M $727.0M
Total Assets $1.662B $1.462B $1.307B
YoY Change 12.38% 9.86% 0.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.70M $33.00M $34.50M
YoY Change -30.07% -12.7% -3.36%
Accrued Expenses $334.5M $217.8M $117.8M
YoY Change 26.75% 51.57% 16.75%
Deferred Revenue
YoY Change
Short-Term Debt $31.20M $30.80M $34.30M
YoY Change -29.09% -40.77% -57.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $463.4M $347.4M $244.8M
YoY Change 13.57% 24.67% -6.97%
LONG-TERM LIABILITIES
Long-Term Debt $184.6M $184.6M $184.5M
YoY Change 30.18% 42.66% 43.25%
Other Long-Term Liabilities $56.84M $43.62M $48.20M
YoY Change 57.58% 22.85% 90.47%
Total Long-Term Liabilities $56.84M $43.62M $48.20M
YoY Change 57.58% 22.85% 90.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $463.4M $347.4M $244.8M
Total Long-Term Liabilities $56.84M $43.62M $48.20M
Total Liabilities $879.0M $761.7M $663.6M
YoY Change 13.87% 18.82% 8.41%
SHAREHOLDERS EQUITY
Retained Earnings $20.34M -$7.165M -$26.65M
YoY Change -173.2% -79.14% -7.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $811.7M $806.2M $804.2M
YoY Change 25.95% 57.22% 65.89%
Treasury Stock Shares 19.10M shares 19.01M shares 18.98M shares
Shareholders Equity $527.3M $454.4M $405.9M
YoY Change
Total Liabilities & Shareholders Equity $1.662B $1.462B $1.307B
YoY Change 12.38% 9.86% 0.55%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $43.43M $34.70M $24.09M
YoY Change 110.8% 382.08% 123.77%
Depreciation, Depletion And Amortization $6.200M $5.900M $6.700M
YoY Change -8.82% -34.44% -1.47%
Cash From Operating Activities $171.5M $241.2M $121.7M
YoY Change -23.74% 149.95% -2.72%
INVESTING ACTIVITIES
Capital Expenditures -$9.900M -$3.800M -$2.400M
YoY Change 200.0% -26.92% -57.89%
Acquisitions
YoY Change
Other Investing Activities $5.300M -$5.200M -$24.50M
YoY Change -229.27% -60.9% -24600.0%
Cash From Investing Activities -$4.600M -$9.000M -$26.90M
YoY Change -37.84% -51.35% 380.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.30M -28.00M -129.4M
YoY Change 2.55% -36.36% 33.95%
NET CHANGE
Cash From Operating Activities 171.5M 241.2M 121.7M
Cash From Investing Activities -4.600M -9.000M -26.90M
Cash From Financing Activities -44.30M -28.00M -129.4M
Net Change In Cash 122.6M 204.2M -34.60M
YoY Change -29.66% 500.59% -251.09%
FREE CASH FLOW
Cash From Operating Activities $171.5M $241.2M $121.7M
Capital Expenditures -$9.900M -$3.800M -$2.400M
Free Cash Flow $181.4M $245.0M $124.1M
YoY Change -20.51% 140.9% -5.12%

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CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
70264000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-5522000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-25889000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-50096000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1600699000 USD
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16242000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Other
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44729000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2751000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2772000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17458000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11640000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9793000 USD
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
28500000 USD
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
8100000 USD
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
21507000 USD
CY2015Q4 us-gaap Assets
Assets
1479171000 USD
CY2016Q4 us-gaap Assets
Assets
1662346000 USD
CY2017Q4 us-gaap Assets
Assets
1584886000 USD
CY2016Q4 us-gaap Assets Current
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925633000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
1000205000 USD
CY2016Q4 us-gaap Assets Fair Value Disclosure Recurring
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94195000 USD
CY2017Q4 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
97852000 USD
CY2016Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1748000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1806000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1748000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1602000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1728000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1591000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
0 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
204000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
0 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
204000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1728000 USD
CY2017Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1795000 USD
CY2017Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
1244000 USD
CY2016Q4 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
18535000 USD
CY2017Q4 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
19374000 USD
CY2015 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4890000 USD
CY2016 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
99000 USD
CY2017 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1673000 USD
CY2017Q4 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
488000 USD
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CashAndCashEquivalentsAtCarryingValue
352160000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
448764000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
558524000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
609587000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
96604000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
109760000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
51063000 USD
CY2017Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
63527000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2016 us-gaap Common Stock Dividends Per Share Cash Paid
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1.27
CY2017 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.42
CY2015 us-gaap Common Stock Dividends Per Share Declared
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1.15
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0.31
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
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0.31
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2016 us-gaap Common Stock Dividends Per Share Declared
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1.27
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2017Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.42
CY2015 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
36372000 USD
CY2016 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
40277000 USD
CY2017 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
41393000 USD
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ComprehensiveIncomeNetOfTax
28711000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91971000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
144139000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
10941000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
37247000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
57128000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
39652000 USD
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
129218000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
201267000 USD
CY2016Q4 us-gaap Cost Method Investments
CostMethodInvestments
1079000 USD
CY2017Q4 us-gaap Cost Method Investments
CostMethodInvestments
1079000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
56064000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
79596000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
85371000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9798000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10832000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9796000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
80657000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
109260000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
110122000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
14795000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18832000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
14955000 USD
CY2015 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
1476000 USD
CY2016 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
15504000 USD
CY2017 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
24677000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1196000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
11510000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
150800000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
659000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1439000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3464000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3627000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10043000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
148320000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
25273000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
20241000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3090000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-28000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
984000 USD
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DeferredTaxAssetsGross
332207000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
225541000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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305424000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
198894000 USD
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44065000 USD
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DeferredTaxAssetsOther
46165000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
54410000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
46697000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1510000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6406000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
1510000 USD
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.10
CY2015 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
29636000 USD
CY2016 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
25223000 USD
CY2017 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
26032000 USD
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27927000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24800000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24819000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10469000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13160000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15026000 USD
CY2015 us-gaap Dividends
Dividends
46326000 USD
CY2016 us-gaap Dividends
Dividends
51558000 USD
CY2017 us-gaap Dividends
Dividends
66336000 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
51558000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
56521000 USD
CY2017 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
9815000 USD
CY2016Q4 us-gaap Due From Employees
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14418000 USD
CY2017Q4 us-gaap Due From Employees
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15930000 USD
CY2016Q4 us-gaap Due From Related Parties
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15034000 USD
CY2017Q4 us-gaap Due From Related Parties
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17030000 USD
CY2016Q4 us-gaap Due To Affiliate Current
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14865000 USD
CY2017Q4 us-gaap Due To Affiliate Current
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17996000 USD
CY2015 us-gaap Earnings Per Share Basic
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1.15
CY2016Q1 us-gaap Earnings Per Share Basic
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0.13
CY2016Q2 us-gaap Earnings Per Share Basic
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0.61
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
CY2016Q4 us-gaap Earnings Per Share Basic
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1.11
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.74
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
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EarningsPerShareBasic
0.45
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.18
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EarningsPerShareBasic
-0.50
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.16
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0.98
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.43
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
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EarningsPerShareDiluted
1.04
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.80
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-10327000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-25347000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
8383000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.572
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.445
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.591
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.327
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.015
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.007
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.011
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.199
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.099
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.016
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.070
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
36755000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
44209000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
53402000 USD
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6821000 USD
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
183000 USD
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2072000 USD
CY2015 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1079000 USD
CY2016 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 USD
CY2017 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24690000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32018000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9199000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
334000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
996000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1182000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7866000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54060000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
51595000 USD
CY2015 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
0 USD
CY2016 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
0 USD
CY2017 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
16266000 USD
CY2016Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
27288000 USD
CY2017Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
31715000 USD
CY2015 us-gaap Gain Loss On Investments
GainLossOnInvestments
-5517000 USD
CY2016 us-gaap Gain Loss On Investments
GainLossOnInvestments
-1124000 USD
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
32000 USD
CY2015 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2016 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2017 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
7808000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
166461000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
160961000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
134231000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-5500000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
8819000 USD
CY2015Q4 us-gaap Goodwill Gross
GoodwillGross
194961000 USD
CY2016Q4 us-gaap Goodwill Gross
GoodwillGross
189461000 USD
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
169838000 USD
CY2015Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
28500000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
28500000 USD
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
35607000 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7107000 USD
CY2015 us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
9785000 USD
CY2017 us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
3694000 USD
CY2017 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-28442000 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
42863000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
107528000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
125454000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
134720000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17412000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
64269000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
86263000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
99871000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
267815000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112939000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48336000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
88897000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
187477000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
437649000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
128670000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16125000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
62605000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
85085000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
97359000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
261174000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
111329000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
46266000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
87070000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
184146000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
428811000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6050000 USD
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1287000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1664000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1178000 USD
CY2016Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2512000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6641000 USD
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1610000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2070000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1827000 USD
CY2017Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3331000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8838000 USD
CY2015 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2818000 USD
CY2016 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2602000 USD
CY2017 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
513000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77030000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9734000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30676000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38980000 USD
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39913000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
119303000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18292000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22459000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28815000 USD
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
188876000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
258442000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
47820000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
106126000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
128689000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5418000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-10030000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1149000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
8704000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-1581000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
3217000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
46442000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
64522000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-47120000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
3937000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-5934000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
2188000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
28670000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
9097000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-10849000 USD
CY2015 us-gaap Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
-46018000 USD
CY2016 us-gaap Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
-18249000 USD
CY2017 us-gaap Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
-35000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
3627000 USD
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-10043000 USD
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-148320000 USD
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
51732000 USD
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
48258000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-25892000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3903000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
33080000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11667000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2449000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
10424000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-33471000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2303000 USD
CY2017 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2015 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-556000 USD
CY2016 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-937000 USD
CY2017 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-865000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
29370000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
19577000 USD
CY2015 us-gaap Interest Expense
InterestExpense
16975000 USD
CY2016 us-gaap Interest Expense
InterestExpense
16738000 USD
CY2017 us-gaap Interest Expense
InterestExpense
19996000 USD
CY2015 us-gaap Interest Paid
InterestPaid
16035000 USD
CY2016 us-gaap Interest Paid
InterestPaid
14074000 USD
CY2017 us-gaap Interest Paid
InterestPaid
19471000 USD
CY2015 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
95129000 USD
CY2016 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
75807000 USD
CY2017 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
61685000 USD
CY2015 us-gaap Investment Banking Revenue
InvestmentBankingRevenue
1133860000 USD
CY2016 us-gaap Investment Banking Revenue
InvestmentBankingRevenue
1364098000 USD
CY2017 us-gaap Investment Banking Revenue
InvestmentBankingRevenue
1575168000 USD
CY2016Q4 us-gaap Investments
Investments
116633000 USD
CY2017Q4 us-gaap Investments
Investments
98313000 USD
CY2015 us-gaap Labor And Related Expense
LaborAndRelatedExpense
788175000 USD
CY2016 us-gaap Labor And Related Expense
LaborAndRelatedExpense
900590000 USD
CY2017 us-gaap Labor And Related Expense
LaborAndRelatedExpense
962512000 USD
CY2016Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
54993000 USD
CY2017Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
72199000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
879015000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
788518000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1662346000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1584886000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
463421000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
464052000 USD
CY2016Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
23038000 USD
CY2017Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
34943000 USD
CY2016Q4 us-gaap Marketable Securities
MarketableSecurities
66487000 USD
CY2017Q4 us-gaap Marketable Securities
MarketableSecurities
65032000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
256033000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
252404000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-234623000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-237958000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-419230000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26117000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48504000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54641000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
367671000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
421569000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
516551000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
42863000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
5318000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
24087000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
34695000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
43428000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
107528000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
80771000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
18184000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
45911000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-19412000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
125454000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14827000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2360000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9506000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12588000 USD
CY2016Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16530000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
40984000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13876000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7693000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
14171000 USD
CY2017Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18013000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
53753000 USD
CY2016Q4 us-gaap Notes Payable
NotesPayable
168097000 USD
CY2017Q4 us-gaap Notes Payable
NotesPayable
168347000 USD
CY2015 us-gaap Notes Reduction
NotesReduction
118347000 USD
CY2016 us-gaap Notes Reduction
NotesReduction
0 USD
CY2017 us-gaap Notes Reduction
NotesReduction
0 USD
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2015 us-gaap Occupancy Net
OccupancyNet
47703000 USD
CY2016 us-gaap Occupancy Net
OccupancyNet
45304000 USD
CY2017 us-gaap Occupancy Net
OccupancyNet
53448000 USD
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OperatingExpenses
1094603000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
241588000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
288051000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
301229000 USD
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
348010000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
1178878000 USD
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
275918000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
324204000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
319531000 USD
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
355885000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
1275538000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
167594000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
35436000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
23954000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
28137000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
31882000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
34927000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
13258000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
34180000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
33405000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
39485000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
62474000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
65073000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
23946000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
30017000 USD
CY2015 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-1083000 USD
CY2016 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-699000 USD
CY2017 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
75000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-2803000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-3038000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
3300000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-16287000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-17531000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
21679000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18038000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-19294000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
22060000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1751000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1763000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
381000 USD
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
42187000 USD
CY2016 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
44576000 USD
CY2017 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
37014000 USD
CY2015 us-gaap Other Income
OtherIncome
11259000 USD
CY2016 us-gaap Other Income
OtherIncome
16885000 USD
CY2017 us-gaap Other Income
OtherIncome
87492000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12320000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12088000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
56838000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
58945000 USD
CY2015 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
148071000 USD
CY2016 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
101172000 USD
CY2017 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
47965000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2084000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46132000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
51558000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2014-09</font><font style="font-family:inherit;font-size:10pt;"> &#8211; In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No.&#160;2014-09, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2014-09"). ASU 2014-09 provides amendments to ASC 605, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition"</font><font style="font-family:inherit;font-size:10pt;"> and creates ASC 606, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Revenue from Contracts with Customers,"</font><font style="font-family:inherit;font-size:10pt;"> which changes the requirements for revenue recognition and amends the disclosure requirements. In August 2015, the FASB issued ASU No. 2015-14, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferral of the Effective Date,</font><font style="font-family:inherit;font-size:10pt;">" which provides amendments that defer the effective date of ASU 2014-09 by one year. In April 2016, the FASB issued ASU No. 2016-10, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Identifying Performance Obligations and Licensing,"</font><font style="font-family:inherit;font-size:10pt;"> which provides clarification to identifying performance obligations and the licensing implementation guidance in ASU 2014-09. In May 2016, the FASB issued ASU No. 2016-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Narrow-Scope Improvements and Practical Expedients," </font><font style="font-family:inherit;font-size:10pt;">which provides clarification on certain issues identified in the guidance on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition in ASU 2014-09. The amendments in these updates are effective either retrospectively to each prior reporting period presented, or as a cumulative-effect adjustment as of the date of adoption, during interim and annual periods beginning after December&#160;15, 2017, with early adoption permitted beginning after December 15, 2016. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted ASU 2014-09 on January 1, 2018 using the modified retrospective method of transition, which requires a cumulative-effect adjustment as of the date of adoption. Following the adoption of ASU 2014-09, success related advisory fees, for which payment is generally dependent on the closing of a strategic transaction, a financing arrangement or some other defined outcome, will be considered variable consideration as defined by the standard. ASU 2014-09 requires that revenue be recognized when it is probable that variable consideration will not be reversed in a future period. Accordingly, revenue recognition for such fees could be accelerated under ASU 2014-09 in rare circumstances, which will require careful analysis and judgment. Under legacy U.S. GAAP, the Company recognized such fees upon closing regardless of the probability of the outcome. The effect of the timing of revenue recognition could be material to any given reporting period. Furthermore, legacy U.S. GAAP allows expenses related to underwriting transactions to be reflected net in related revenues. Under ASU 2014-09, those expenses will be presented gross in the results of operations.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interpretive guidance on ASU 2014-09 continues to be issued and vetted, in particular by the AICPA industry task force on Broker-Dealers, the AICPA's Revenue Recognition Working Group and the AICPA's Financial Reporting Executive Committee (FinREC). The Company will continue to monitor and evaluate any additional guidance that is issued.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-01</font><font style="font-family:inherit;font-size:10pt;"> - In January 2016, the FASB issued ASU No.&#160;2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Recognition and Measurement of Financial Assets and Financial Liabilities"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2016-01"). ASU 2016-01 provides amendments to ASC 825, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Financial Instruments,"</font><font style="font-family:inherit;font-size:10pt;"> which change the requirements for certain aspects of recognition, measurement and presentation of financial assets and liabilities and amend the disclosure requirements. The amendments in this update are effective during interim and annual periods beginning after December 15, 2017. The amendments in this update should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption and the amendments related to equity securities without readily determinable fair values should be applied prospectively. The Company holds available-for-sale equity securities of </font><font style="font-family:inherit;font-size:10pt;">$1,244</font><font style="font-family:inherit;font-size:10pt;"> within Marketable Securities on the Consolidated Statement of Financial Condition as of December 31, 2017. The Company anticipates that the adoption of this ASU will result in a cumulative effect adjustment of cumulative unrealized losses on available-for-sale equity securities included in Accumulated Other Comprehensive Income (Loss) to Retained Earnings of approximately </font><font style="font-family:inherit;font-size:10pt;">($4,100)</font><font style="font-family:inherit;font-size:10pt;">. Going forward, unrealized gains and losses on these securities will be recorded in Other Revenue, Including Interest, on the </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">. The Company also holds equity securities without readily determinable fair values, which were accounted for under the cost method of accounting under legacy U.S. GAAP. Upon adoption of this ASU, the Company elected to continue to measure each of its former cost method investments at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-02</font><font style="font-family:inherit;font-size:10pt;"> - In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases (Topic 842)" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-02"). ASU 2016-02 supersedes ASC 840, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases," </font><font style="font-family:inherit;font-size:10pt;">and includes requirements for the recognition of a right-of-use asset and lease liability on the balance sheet by lessees for those leases classified as operating leases under previous guidance. The amendments in this update are effective using a modified retrospective approach at the beginning of the earliest period presented, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company anticipates adopting ASU 2016-02 on January 1, 2019 using the modified retrospective approach. The adoption will result in the present value of the Company's lease commitments which have a term in excess of one year being reflected on the Company's Statements of Financial Condition as a long-term fixed asset with a corresponding long-term liability. The Company's lease commitments, as discussed in Note 18, primarily relate to office space. The lease-related assets will be amortized to expense over the life of the leases and the liability, and related interest expense, will be reduced as lease payments are made over the life of the lease. The net impact on the Company's earnings is not expected to be materially different from the current expense related to leases as required under legacy U.S. GAAP, which is primarily reflected in Occupancy and Equipment Rental expense on the </font><font style="font-family:inherit;font-size:10pt;">Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-07</font><font style="font-family:inherit;font-size:10pt;"> - In March 2016, the FASB issued ASU No. 2016-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Simplifying the Transition to the Equity Method of Accounting" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-07"). ASU 2016-07 provides amendments to ASC 323, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Investments - Equity Method and Joint Ventures," </font><font style="font-family:inherit;font-size:10pt;">which simplify the accounting for equity method investments by eliminating the requirement to adjust the investment, results of operations and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments in this update are effective prospectively to increases in the level of ownership interest or degree of influence that results in the adoption of the equity method, during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The adoption of ASU 2016-07 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-09</font><font style="font-family:inherit;font-size:10pt;"> - In March 2016, the FASB issued ASU 2016-09 which provides amendments to ASC 718, which simplify the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this update are effective during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A Shares under share-based payment arrangements being recognized in the Company's Provision for Income Taxes for year ended December 31, 2017, rather than in Additional Paid-In-Capital under legacy U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Consolidated Statements of Cash Flows for the years ended December 31, 2017, 2016 and 2015. The application of ASU 2016-09 will result in greater volatility in the effective tax rate and could be material to the results of operations and the classifications of cash flows in future periods depending upon the level of earnings and stock price of the Company, among other things. See Note 20 for further detail, including the impact of the application of ASU 2016-09 on the 2017 results.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-13</font><font style="font-family:inherit;font-size:10pt;"> - In June 2016, the FASB issued ASU No. 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Measurement of Credit Losses on Financial Instruments" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-13"). ASU 2016-13 provides amendments to ASC 326, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Financial Instruments - Credit Losses," </font><font style="font-family:inherit;font-size:10pt;">which amend the guidance on the impairment of financial instruments and adds an impairment model (the current expected credit loss (CECL) model) that is based on expected losses rather than incurred losses. Entities will recognize an allowance for its estimate of expected credit losses as of the end of each reporting period. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted after December 15, 2018. The Company currently uses the specific identification method for establishing credit provisions and write-offs of its trade accounts receivable. The Company anticipates adopting ASU 2016-13 on January 1, 2020 and does not anticipate a material difference between the current method and the CECL model.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-15 - </font><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Classification of Certain Cash Receipts and Cash Payments" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-15"). ASU 2016-15 provides amendments to ASC 230, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows,</font><font style="font-family:inherit;font-size:10pt;">" which provide guidance on the classification of certain cash receipts and payments in the statement of cash flows. The amendments in this update are effective retrospectively, or prospectively, if retrospective application is impracticable, during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-18 - </font><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU No. 2016-18, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted Cash</font><font style="font-family:inherit;font-size:10pt;">&quot;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-18"). ASU 2016-18 provides amendments to ASC 230, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows,</font><font style="font-family:inherit;font-size:10pt;">" which require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents. The amendments in this update are effective retrospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company anticipates that the adoption of this ASU will result in expanded disclosure on restricted cash balances.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-01 -</font><font style="font-family:inherit;font-size:10pt;"> In January 2017, the FASB issued ASU No. 2017-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Clarifying the Definition of a Business" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2017-01"). ASU 2017-01 provides amendments to ASC 805, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations,</font><font style="font-family:inherit;font-size:10pt;">" which clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-04 -</font><font style="font-family:inherit;font-size:10pt;"> In January 2017, the FASB issued ASU 2017-04. ASU 2017-04 provides amendments to ASC 350, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Intangibles - Goodwill and Other" </font><font style="font-family:inherit;font-size:10pt;">("ASC 350"), which eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU 2017-04 during the second quarter of 2017. See Note 4 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-09 - </font><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued ASU No. 2017-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Scope of Modification Accounting"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2017-09"). ASU 2017-09 provides amendments to ASC 718, which provide guidance and clarity around which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-02</font><font style="font-family:inherit;font-size:10pt;"> - In February 2018, the FASB issued ASU No. 2018-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2018-02"). ASU 2018-02 provides amendments to ASC 220, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Income Statement - Reporting Other Comprehensive Income,&#8221;</font><font style="font-family:inherit;font-size:10pt;"> which allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The amendments in this update are effective either in the period of adoption or retrospectively, to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div></div>

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