2018 Q3 Form 10-Q Financial Statement
#000136090118000023 Filed on November 01, 2018
Income Statement
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
Revenue | $385.5M | $412.0M |
YoY Change | -6.44% | 5.35% |
Cost Of Revenue | $4.200M | $5.400M |
YoY Change | -22.22% | 12.5% |
Gross Profit | $381.3M | $406.6M |
YoY Change | -6.22% | 5.25% |
Gross Profit Margin | 98.92% | 98.69% |
Selling, General & Admin | $291.1M | $302.2M |
YoY Change | -3.67% | 7.01% |
% of Gross Profit | 76.34% | 74.32% |
Research & Development | $10.59M | $10.61M |
YoY Change | -0.22% | 4.51% |
% of Gross Profit | 2.78% | 2.61% |
Depreciation & Amortization | $7.900M | $6.500M |
YoY Change | 21.54% | 10.17% |
% of Gross Profit | 2.07% | 1.6% |
Operating Expenses | $306.7M | $319.5M |
YoY Change | -4.01% | 6.08% |
Operating Profit | $74.58M | $87.07M |
YoY Change | -14.34% | 2.35% |
Interest Expense | $4.203M | $5.413M |
YoY Change | -22.35% | 13.08% |
% of Operating Profit | 5.64% | 6.22% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $76.84M | $88.90M |
YoY Change | -13.57% | 3.05% |
Income Tax | $17.54M | $28.82M |
% Of Pretax Income | 22.83% | 32.41% |
Net Earnings | $49.46M | $45.91M |
YoY Change | 7.73% | 32.33% |
Net Earnings / Revenue | 12.83% | 11.14% |
Basic Earnings Per Share | $1.21 | $1.18 |
Diluted Earnings Per Share | $1.08 | $1.04 |
COMMON SHARES | ||
Basic Shares Outstanding | 40.97M shares | 39.05M shares |
Diluted Shares Outstanding | 45.86M shares | 44.04M shares |
Balance Sheet
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $636.3M | $555.6M |
YoY Change | 14.52% | 8.41% |
Cash & Equivalents | $425.2M | $439.9M |
Short-Term Investments | $211.1M | $115.8M |
Other Short-Term Assets | $68.30M | $20.17M |
YoY Change | 238.55% | 6.68% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $279.2M | $206.9M |
Other Receivables | $23.90M | $16.90M |
Total Short-Term Assets | $1.087B | $863.4M |
YoY Change | 25.87% | 18.64% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $68.83M | $67.60M |
YoY Change | 1.81% | 46.84% |
Goodwill | $133.4M | $133.9M |
YoY Change | -0.41% | -18.26% |
Intangibles | $12.68M | $21.95M |
YoY Change | -42.23% | -31.21% |
Long-Term Investments | $57.32M | $99.20M |
YoY Change | -42.21% | 14.64% |
Other Assets | $311.0M | $374.9M |
YoY Change | -17.04% | 1.35% |
Total Long-Term Assets | $618.8M | $697.6M |
YoY Change | -11.3% | -4.94% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.087B | $863.4M |
Total Long-Term Assets | $618.8M | $697.6M |
Total Assets | $1.706B | $1.561B |
YoY Change | 9.26% | 6.8% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $41.70M | $33.00M |
YoY Change | 26.36% | 0.0% |
Accrued Expenses | $330.5M | $307.1M |
YoY Change | 7.62% | 41.0% |
Deferred Revenue | $10.16M | |
YoY Change | ||
Short-Term Debt | $26.10M | $33.90M |
YoY Change | -23.01% | 10.06% |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $462.7M | $422.8M |
YoY Change | 9.45% | 21.69% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $168.5M | $175.1M |
YoY Change | -3.77% | -5.15% |
Other Long-Term Liabilities | $73.41M | $55.91M |
YoY Change | 31.31% | 28.17% |
Total Long-Term Liabilities | $73.41M | $55.91M |
YoY Change | 31.31% | 28.17% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $462.7M | $422.8M |
Total Long-Term Liabilities | $73.41M | $55.91M |
Total Liabilities | $806.2M | $833.1M |
YoY Change | -3.22% | 9.37% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $224.6M | $117.4M |
YoY Change | 91.28% | -1738.98% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $1.293B | $1.103B |
YoY Change | 17.18% | 36.86% |
Treasury Stock Shares | 24.93M shares | 22.99M shares |
Shareholders Equity | $668.1M | $475.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.706B | $1.561B |
YoY Change | 9.26% | 6.8% |
Cashflow Statement
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $49.46M | $45.91M |
YoY Change | 7.73% | 32.33% |
Depreciation, Depletion And Amortization | $7.900M | $6.500M |
YoY Change | 21.54% | 10.17% |
Cash From Operating Activities | $136.1M | $170.5M |
YoY Change | -20.18% | -29.31% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$4.700M | -$8.300M |
YoY Change | -43.37% | 118.42% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$57.80M | -$55.90M |
YoY Change | 3.4% | 975.0% |
Cash From Investing Activities | -$62.50M | -$64.20M |
YoY Change | -2.65% | 613.33% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -57.50M | -82.20M |
YoY Change | -30.05% | 193.57% |
NET CHANGE | ||
Cash From Operating Activities | 136.1M | 170.5M |
Cash From Investing Activities | -62.50M | -64.20M |
Cash From Financing Activities | -57.50M | -82.20M |
Net Change In Cash | 16.10M | 24.10M |
YoY Change | -33.2% | -88.2% |
FREE CASH FLOW | ||
Cash From Operating Activities | $136.1M | $170.5M |
Capital Expenditures | -$4.700M | -$8.300M |
Free Cash Flow | $140.8M | $178.8M |
YoY Change | -21.25% | -27.02% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001360901 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-09-30 | ||
dei |
Entity Filer Category
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|
Large Accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
EVERCORE INC. | ||
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Asset Acquisition Contingent Consideration Liability
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Cash Payments Related To Separation Benefits
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|
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Dividend Equivalents Issued
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Effective Income Tax Rate Continuing Operations
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|
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Equity Method Investment Dividends Or Distributions
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|
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|
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|
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|
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|
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|
350000 | sqft |
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Operating Lease Timeto Take Possessionof Additional Floors
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|
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|
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evr |
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|
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|
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1 | ||
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Payments For Repurchase Of Common Stock And Partnership Units
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|
212959000 | USD | |
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Periodin Which Performance Obligations Under Client Arrangements Settled
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|
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Placement Fees Receivables Collection Period
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|
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|
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Receivables Reflectedin Other Assetsin Excessof Period
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|
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Securities Average Estimated Maturity Period
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|
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Settlementof Contingent Consideration
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Settlementof Contingent Consideration
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Special Charges
SpecialCharges
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Special Charges
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Special Charges
SpecialCharges
|
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Underwriting Fees
UnderwritingFees
|
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evr |
Underwriting Fees
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|
30170000 | USD | |
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Underwriting Fees
UnderwritingFees
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evr |
Underwriting Fees
UnderwritingFees
|
62784000 | USD | |
CY2015Q3 | evr |
Underwritten Shares
UnderwrittenShares
|
294000 | shares |
CY2018Q3 | evr |
Unfunded Commitments For Capital Contributions
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|
3294000 | USD |
evr |
Units Purchased Or Converted Into Class A Common Stock Value
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|
1611000 | USD | |
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Units Purchased Or Converted Into Class A Common Stock Value
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|
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Value At Risk Threshold
ValueAtRiskThreshold
|
0.001 | ||
CY2017Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
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|
34111000 | USD |
CY2018Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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Accounts Receivable Net
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|
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Accounts Receivable Net
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|
232256000 | USD |
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330510000 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
70264000 | USD |
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|
84334000 | USD |
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Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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|
-3660000 | USD |
CY2018Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-25380000 | USD |
CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-31411000 | USD |
CY2018Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-29040000 | USD |
CY2017Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1600699000 | USD |
CY2018Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1764705000 | USD |
us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
42555000 | USD | |
CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
2772000 | USD |
CY2018Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
2956000 | USD |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
21507000 | USD | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD | |
CY2017Q3 | us-gaap |
Assets
Assets
|
1561035000 | USD |
CY2017Q4 | us-gaap |
Assets
Assets
|
1584886000 | USD |
CY2018Q3 | us-gaap |
Assets
Assets
|
1705607000 | USD |
CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1000205000 | USD |
CY2018Q3 | us-gaap |
Assets Current
AssetsCurrent
|
1086813000 | USD |
CY2017Q4 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
97852000 | USD |
CY2018Q3 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
263450000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
1806000 | USD |
CY2018Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
1298000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
0 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
99000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
0 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
98000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
1602000 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
999000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
1591000 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
995000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
204000 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
200000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
204000 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
200000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
1795000 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
1293000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
|
19374000 | USD |
CY2018Q3 | us-gaap |
Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
|
22493000 | USD |
CY2017Q3 | us-gaap |
Brokerage Commissions Revenue
BrokerageCommissionsRevenue
|
45390000 | USD |
us-gaap |
Brokerage Commissions Revenue
BrokerageCommissionsRevenue
|
148898000 | USD | |
CY2018Q3 | us-gaap |
Brokerage Commissions Revenue
BrokerageCommissionsRevenue
|
45337000 | USD |
us-gaap |
Brokerage Commissions Revenue
BrokerageCommissionsRevenue
|
139447000 | USD | |
CY2017Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
599000 | USD |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
976000 | USD | |
CY2018Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
0 | USD |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
21000 | USD | |
CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
439855000 | USD |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
609587000 | USD |
CY2018Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
425152000 | USD |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
575637000 | USD |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
457624000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
617385000 | USD |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
434439000 | USD |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-118013000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-182946000 | USD | |
CY2017Q4 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
63527000 | USD |
CY2018Q3 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
100000000 | USD |
CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.40 | ||
CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.34 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.02 | ||
CY2018Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.5 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.40 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.4 | ||
CY2017Q3 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
10613000 | USD |
us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
30865000 | USD | |
CY2018Q3 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
10590000 | USD |
us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
31634000 | USD | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
49807000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
149996000 | USD | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
51907000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
214077000 | USD | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
15131000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
37004000 | USD | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
10265000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
36768000 | USD | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
64938000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
187000000 | USD | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
62172000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
250845000 | USD | |
CY2017Q4 | us-gaap |
Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
|
0 | USD |
CY2018Q3 | us-gaap |
Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
|
46960000 | USD |
CY2017Q4 | us-gaap |
Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
|
0 | USD |
CY2018Q3 | us-gaap |
Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
|
3869000 | USD |
CY2017Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
3147000 | USD |
CY2018Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
10158000 | USD |
CY2017Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1834000 | USD |
CY2018Q3 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1731000 | USD |
CY2018Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
3740000 | USD |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
8984000 | USD | |
CY2017Q4 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
0 | USD |
CY2017Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
8599000 | USD |
us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
18419000 | USD | |
CY2018Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
13147000 | USD |
us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
41328000 | USD | |
CY2017Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
198894000 | USD |
CY2018Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
227027000 | USD |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
18453000 | USD | |
us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
21432000 | USD | |
CY2017Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6421000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
18267000 | USD | |
CY2018Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6815000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
20209000 | USD | |
us-gaap |
Dividends
Dividends
|
47776000 | USD | |
us-gaap |
Dividends
Dividends
|
66540000 | USD | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
57448000 | USD | |
us-gaap |
Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
|
9092000 | USD | |
CY2017Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
17030000 | USD |
CY2018Q3 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
23872000 | USD |
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.18 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.63 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.21 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
5.25 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.23 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.08 | |
CY2017Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.32 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.28 | ||
CY2018Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.23 | |
CY2017Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
59856000 | USD |
CY2018Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
57323000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
32018000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
38917000 | USD |
CY2017Q3 | us-gaap |
Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
|
3455000 | USD |
us-gaap |
Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
|
10972000 | USD | |
CY2018Q3 | us-gaap |
Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
|
3068000 | USD |
us-gaap |
Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
|
7818000 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-239000 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
26000 | USD | |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
134231000 | USD |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
133367000 | USD |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
45911000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
144866000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
49461000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
213935000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
88897000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
250172000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
76838000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
298713000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
87070000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
244665000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
74540000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
291871000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1827000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
5507000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2298000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
6842000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-1863000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-2535000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
28815000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
69566000 | USD | |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
17539000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
48018000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
88865000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
47989000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-96000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
5379000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
471000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
3001000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-23423000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
51341000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
2102000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
6878000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-18471000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-11267000 | USD | |
us-gaap |
Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
|
1526000 | USD | |
us-gaap |
Increase Decrease In Cash Collateral For Borrowed Securities
IncreaseDecreaseInCashCollateralForBorrowedSecurities
|
2142000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
1849000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-52481000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-51246000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-10047000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
59145000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-21624000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-2758000 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-707000 | USD | |
us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-242000 | USD | |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
19577000 | USD |
CY2018Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
12678000 | USD |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
5413000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
14991000 | USD | |
CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
4203000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
13620000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
16745000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
16008000 | USD | |
CY2017Q3 | us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
16284000 | USD |
us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
47037000 | USD | |
CY2018Q3 | us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
12678000 | USD |
us-gaap |
Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
|
36603000 | USD | |
CY2017Q3 | us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
332753000 | USD |
us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
939841000 | USD | |
CY2018Q3 | us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
305949000 | USD |
us-gaap |
Investment Banking Revenue
InvestmentBankingRevenue
|
1047259000 | USD | |
CY2017Q4 | us-gaap |
Investments
Investments
|
98313000 | USD |
CY2018Q3 | us-gaap |
Investments
Investments
|
89008000 | USD |
CY2017Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
246772000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
689186000 | USD | |
CY2018Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
225452000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
766537000 | USD | |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
788518000 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
806210000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1584886000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1705607000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
464052000 | USD |
CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
462744000 | USD |
CY2017Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
65032000 | USD |
CY2018Q3 | us-gaap |
Marketable Securities
MarketableSecurities
|
211128000 | USD |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
252404000 | USD |
CY2018Q3 | us-gaap |
Minority Interest
MinorityInterest
|
231311000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-377680000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-306415000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-72187000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-188888000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
326313000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
310646000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
45911000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
144866000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
49461000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
213935000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
14171000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
35740000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
9838000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
36760000 | USD | |
CY2017Q4 | us-gaap |
Notes Payable
NotesPayable
|
168347000 | USD |
CY2018Q3 | us-gaap |
Notes Payable
NotesPayable
|
168543000 | USD |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
CY2017Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
13531000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
40191000 | USD | |
CY2018Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
15367000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
43249000 | USD | |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
319531000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
919653000 | USD | |
CY2018Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
306719000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
1001428000 | USD | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
438172000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
15000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
16641000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
11671000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
6240000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
629000 | USD |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
402976000 | USD |
CY2017Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
9905000 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
29793000 | USD | |
CY2018Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
11470000 | USD |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
32042000 | USD | |
CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
65073000 | USD |
CY2018Q3 | us-gaap |
Other Assets
OtherAssets
|
87889000 | USD |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
30017000 | USD |
CY2018Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
68296000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
5000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
79000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-2000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
-66000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
955000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
1185000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
429000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
|
74000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
4832000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
5993000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2884000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
583000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2873000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
150000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
4856000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
6394000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
24000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
401000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-11000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-433000 | USD | |
CY2017Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
7191000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
18224000 | USD | |
CY2018Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
6882000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
20657000 | USD | |
CY2017Q3 | us-gaap |
Other Income
OtherIncome
|
6553000 | USD |
us-gaap |
Other Income
OtherIncome
|
13363000 | USD | |
CY2018Q3 | us-gaap |
Other Income
OtherIncome
|
10058000 | USD |
us-gaap |
Other Income
OtherIncome
|
20826000 | USD | |
CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
12088000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
24013000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
58945000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
73414000 | USD |
CY2017Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
12240000 | USD |
us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
34639000 | USD | |
CY2018Q3 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
7888000 | USD |
us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
21826000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
40723000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
57448000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
26315000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
30374000 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
857000 | USD | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
45000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
22347000 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
304950000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
25142000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
11881000 | USD | |
us-gaap |
Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
|
63417000 | USD | |
us-gaap |
Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
|
100000000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
110000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
1165000 | USD | |
us-gaap |
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
-1405000 | USD | |
us-gaap |
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
-5303000 | USD | |
us-gaap |
Proceeds From Payments For Securities Purchased Under Agreements To Resell
ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell
|
2910000 | USD | |
us-gaap |
Proceeds From Payments For Securities Purchased Under Agreements To Resell
ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell
|
7457000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
38436000 | USD | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
162318000 | USD | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
30000000 | USD | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
30000000 | USD | |
CY2017Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
15836000 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
42489000 | USD | |
CY2018Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
19698000 | USD |
us-gaap |
Professional Fees
ProfessionalFees
|
56581000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
60082000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
180606000 | USD | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
59299000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
250695000 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
68593000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
68825000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2547000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2244000 | USD | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
30000000 | USD | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
30000000 | USD | |
us-gaap |
Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
|
9751000 | USD | |
us-gaap |
Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
|
6799000 | USD | |
CY2017Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
17769000 | USD |
CY2018Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
9287000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
79461000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
224627000 | USD |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
412014000 | USD |
us-gaap |
Revenues
Revenues
|
1179309000 | USD | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
385462000 | USD |
us-gaap |
Revenues
Revenues
|
1306919000 | USD | |
CY2017Q3 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
406601000 | USD |
us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
1164318000 | USD | |
CY2018Q3 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
381259000 | USD |
us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
1293299000 | USD | |
CY2017Q4 | us-gaap |
Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
|
10645000 | USD |
CY2018Q3 | us-gaap |
Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
|
3616000 | USD |
CY2017Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
30027000 | USD |
CY2018Q3 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
26130000 | USD |
CY2017Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
953000 | USD |
us-gaap |
Severance Costs1
SeveranceCosts1
|
4421000 | USD | |
CY2018Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
538000 | USD |
us-gaap |
Severance Costs1
SeveranceCosts1
|
7022000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
163094000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
208858000 | USD | |
CY2017Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
128559000 | USD |
CY2018Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
311128000 | USD |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
124302000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
146158000 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
543964000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
668086000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
783331000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
727985000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
796368000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
899397000 | USD |
us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.055 | ||
CY2017Q4 | us-gaap |
Subordinated Debt
SubordinatedDebt
|
6799000 | USD |
CY2018Q3 | us-gaap |
Subordinated Debt
SubordinatedDebt
|
0 | USD |
CY2017Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
16494000 | USD |
CY2018Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
6255000 | USD |
CY2017Q3 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
15113000 | USD |
us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
46976000 | USD | |
CY2018Q3 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
16880000 | USD |
us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
50858000 | USD | |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
98.20 | ||
CY2017Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
23017750 | shares |
CY2018Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
24926239 | shares |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
1908000 | shares | |
CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1105406000 | USD |
CY2018Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1292863000 | USD |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
291689000 | USD | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
187457000 | USD | |
CY2017Q4 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
10996000 | USD |
CY2018Q3 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
7880000 | USD |
CY2017Q4 | us-gaap |
Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
|
8730000 | USD |
CY2018Q3 | us-gaap |
Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
|
5277000 | USD |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
44036000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
44887000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45858000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45542000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39045000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39873000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40966000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40762000 | shares | |
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<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-align:justify;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;"> – In May 2014, the Financial Accounting Standards Board ("FASB") issued 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 15, 2017, with early adoption permitted beginning after December 15, 2016.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;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. The Company did not have 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, are 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 allowed expenses related to underwriting transactions to be reflected net in related revenues. Under ASU 2014-09, those expenses are presented gross in the results of operations. See Notes 2 and 4 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;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. 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.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted ASU 2016-01 on January 1, 2018, which resulted in a cumulative effect adjustment of cumulative unrealized losses, net of tax, on available-for-sale equity securities included in Accumulated Other Comprehensive Income (Loss) to Retained Earnings of </font><font style="font-family:inherit;font-size:10pt;">($2,229)</font><font style="font-family:inherit;font-size:10pt;">. Following the adoption of ASU 2016-01, unrealized gains and losses on these securities are recorded in Other Revenue, Including Interest and Investments, on the </font><font style="font-family:inherit;font-size:10pt;">Unaudited Condensed 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. Following the adoption of ASU 2016-01, the Company elected 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. See Notes 7 and 9 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;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. In July 2018, the FASB issued ASU No. 2018-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases (Topic 842): Targeted Improvements," </font><font style="font-family:inherit;font-size:10pt;">which provides an additional transition method to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to Retained Earnings for prior periods as of the beginning of the fiscal year of adoption. The amendments in these updates are effective using a modified retrospective approach as of the date of adoption, 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 Company is in the process of evaluating its lease agreements under ASU 2016-02, including its lease agreement to expand its New York headquarters signed on July 1, 2018. See Note 16 for further information. 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 asset with a corresponding liability, classified as current and non-current. The Company's lease commitments primarily relate to office space, as discussed in Note 16 and in Note 18 to the Company's consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2017. The 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;">Unaudited Condensed Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;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-align:justify;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;">" ("ASC 230") 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 adoption of ASU 2016-15 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-align:justify;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;">"</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, 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 adoption of ASU 2016-18 resulted in restricted cash balances being included in the Unaudited Condensed Consolidated Statements of Cash Flows and expanded disclosure on these restricted cash balances. See Note 16 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;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 adoption of ASU 2017-01 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-align:justify;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, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Compensation - Stock Compensation," </font><font style="font-family:inherit;font-size:10pt;">("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 adoption of ASU 2017-09 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-align:justify;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;">“Income Statement - Reporting Other Comprehensive Income,”</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 style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-05</font><font style="font-family:inherit;font-size:10pt;"> - In March 2018, the FASB issued ASU No. 2018-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2018-05"). ASU 2018-05 adds various SEC paragraphs to ASC 740, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">“Income Taxes,”</font><font style="font-family:inherit;font-size:10pt;"> ("ASC 740") pursuant to the issuance of SEC Staff Accounting Bulletin No. 118 ("SAB 118"). The amendments in this update were effective upon issuance. See Note 18 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-07 - </font><font style="font-family:inherit;font-size:10pt;">In June 2018, the FASB issued ASU No. 2018-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Improvements to Nonemployee Share-Based Payment Accounting" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2018-07"). ASU 2018-07 provides amendments to ASC 718 to align the accounting for share-based payment awards issued to employees and nonemployees, particularly surrounding the measurement date and impact of performance conditions. The amendments in this update are effective during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The amendments in this update should be applied by means of a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption for liability-classified awards that have not been settled and equity-classified awards for which a measurement date has not been established by the date of adoption, and prospectively for all new awards granted after the date of adoption. 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-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-13 - </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU No. 2018-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2018-13"). ASU 2018-13 provides amendments to ASC 820, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurements and Disclosures"</font><font style="font-family:inherit;font-size:10pt;"> ("ASC 820"), which remove the requirements surrounding the disclosure and policy of transfers between fair value levels and the valuation processes for recurring Level 3 fair value measurements. In addition, ASU 2018-13 adds disclosure requirements for changes in unrealized gains and losses for Level 3 measurements and the range and weighted average of significant unobservable inputs used in Level 3 fair value measurements. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The amendments on changes in unrealized gains and losses and unobservable inputs for Level 3 measurements should be applied prospectively, and all other amendments in this update should be applied retrospectively. 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-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2018-15 - </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU No. 2018-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2018-15"). ASU 2018-15 aligns the requirements for capitalizing implementation costs in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred for internal-use software as prescribed by 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;">The amendments in this update are effective either prospectively, for eligible costs incurred on or after the date this guidance is first applied, or retrospectively, during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU 2018-15 during the third quarter of 2018. The adoption of ASU 2018-15 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div></div> |