Schedule of Segment Reporting Information, by Segment |
The following tables present information about our operating segments: | | | | | | | | | | | | | | | | | | 2012 Segment Information | | | | | | | | | | | Year ended December 31, 2012 | ($000) | | Investment Information |
| | Investment Management |
| | Corporate Items |
| | Total |
| External revenue | | $ | 529,984 |
| | $ | 128,304 |
| | $ | — |
| | $ | 658,288 |
| Operating expense, excluding stock-based compensation expense, depreciation, and amortization | | 356,165 |
| | 64,765 |
| | 24,689 |
| | 445,619 |
| Stock-based compensation expense | | 13,831 |
| | 2,278 |
| | 2,796 |
| | 18,905 |
| Depreciation and amortization | | 9,288 |
| | 134 |
| | 33,674 |
| | 43,096 |
| Operating income (loss) | | $ | 150,700 |
| | $ | 61,127 |
| | $ | (61,159 | ) | | $ | 150,668 |
| | | | | | | | | | U.S. capital expenditures | | | | |
| | |
| | $ | 22,280 |
| Non-U.S. capital expenditures | | |
| | |
| | |
| | $ | 7,759 |
| | | | | | | | | | U.S. revenue | | |
| | |
| | |
| | $ | 466,947 |
| Non-U.S. revenue | | |
| | |
| | |
| | $ | 191,341 |
| | | | | | | | | | | | As of December 31, 2012 | ($000) | | Investment Information |
| | Investment Management |
| | Corporate Items |
| | Total |
| Goodwill | | $ | 279,164 |
| | $ | 41,681 |
| | $ | — |
| | $ | 320,845 |
| | | | | | | | | | U.S. long-lived assets | | | | | | | | $ | 60,371 |
| Non-U.S. long-lived assets | | | | | | | | $ | 23,651 |
|
| | | | | | | | | | | | | | | | | | 2011 Segment Information | | | | | | | | | | | Year ended December 31, 2011 | ($000) | | Investment Information |
| | Investment Management |
| | Corporate Items |
| | Total |
| External revenue | | $ | 500,909 |
| | $ | 130,491 |
| | $ | — |
| | $ | 631,400 |
| Operating expense, excluding stock-based compensation expense, depreciation, and amortization | | 351,194 |
| | 58,596 |
| | 24,979 |
| | 434,769 |
| Stock-based compensation expense | | 10,113 |
| | 2,080 |
| | 3,110 |
| | 15,303 |
| Depreciation and amortization | | 8,088 |
| | 166 |
| | 34,659 |
| | 42,913 |
| Operating income (loss) | | $ | 131,514 |
| | $ | 69,649 |
| | $ | (62,748 | ) | | $ | 138,415 |
| | | | | | | | | | U.S. capital expenditures | | |
| | |
| | |
| | $ | 13,816 |
| Non-U.S. capital expenditures | | |
| | |
| | |
| | $ | 9,506 |
| | | | | | | | | | U.S. revenue | | |
| | |
| | |
| | $ | 446,470 |
| Non-U.S. revenue | | |
| | |
| | |
| | $ | 184,930 |
|
| | | | | | | | | | | | | | | | | | | | As of December 31, 2011 | ($000) | | Investment Information |
| | Investment Management |
| | Corporate Items |
| | Total |
| Goodwill | | $ | 277,059 |
| | $ | 41,433 |
| | $ | — |
| | $ | 318,492 |
| | | | | | | | | | U.S. long-lived assets | | |
| | |
| | |
| | $ | 44,572 |
| Non-U.S. long-lived assets | | |
| | |
| | |
| | $ | 23,624 |
|
| | | | | | | | | | | | | | | | | | 2010 Segment Information | | | | | | | | | | | Year ended December 31, 2010 | ($000) | | Investment Information |
| | Investment Management |
| | Corporate Items | | Total |
| External revenue | | $ | 444,957 |
| | $ | 110,394 |
| | $ | — |
| | $ | 555,351 |
| Operating expense, excluding stock-based compensation expense, depreciation, and amortization | | 301,722 |
| | 51,361 |
| | 27,752 |
| | 380,835 |
| Stock-based compensation expense | | 8,110 |
| | 2,032 |
| | 3,651 |
| | 13,793 |
| Depreciation and amortization | | 7,385 |
| | 185 |
| | 32,094 |
| | 39,664 |
| Operating income (loss) | | $ | 127,740 |
| | $ | 56,816 |
| | $ | (63,497 | ) | | $ | 121,059 |
| | | | | | | | | | U.S. capital expenditures | | | | | | | | $ | 5,067 |
| Non-U.S. capital expenditures | | | | | | | | $ | 9,704 |
| | | | | | | | | | U.S. revenue | | | | | | | | $ | 398,215 |
| Non-U.S. revenue | | | | | | | | $ | 157,136 |
| | | | | | | | | | | | As of December 31, 2010 | ($000) | | Investment Information |
| | Investment Management |
| | Corporate Items |
| | Total |
| Goodwill | | $ | 275,611 |
| | $ | 42,050 |
| | $ | — |
| | $ | 317,661 |
| | | | | | | | | | U.S. long-lived assets | | | | | | | | $ | 39,496 |
| Non-U.S. long-lived assets | | | | | | | | $ | 22,609 |
|
|
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
Information by geographical region is as follows: | | | | | | | | | | | | | | | External revenue by geographic region | | | | | | | | | | Year ended December 31 | | ($000) | | 2012 |
| | 2011 |
| | 2010 |
| | United States | | $ | 466,947 |
| | $ | 446,470 |
| | $ | 398,215 |
| | United Kingdom | | 56,794 |
| | 53,427 |
| | 43,797 |
| | Europe, excluding the United Kingdom | | 49,844 |
| | 49,507 |
| | 39,851 |
| | Australia | | 38,229 |
| | 39,761 |
| | 35,638 |
| | Canada | | 30,664 |
| | 27,808 |
| | 25,533 |
| | Asia, excluding Japan | | 9,934 |
| | 9,240 |
| | 7,855 |
| | Japan | | 3,831 |
| | 3,948 |
| | 3,871 |
| | Other | | 2,045 |
| | 1,239 |
| | 591 |
| | Total | | $ | 658,288 |
| | $ | 631,400 |
| | $ | 555,351 |
| |
| | | | | | | | | | | | | | Long-lived assets by geographic region | | | | | | | | | | As of December 31 | | ($000) | | 2012 |
| | 2011 |
| | 2010 |
| | United States | | $ | 60,371 |
| | $ | 44,572 |
| | 39,496 |
| | United Kingdom | | 7,435 |
| | 7,512 |
| | 5,960 |
| | Europe, excluding the United Kingdom | | 2,356 |
| | 2,629 |
| | 3,479 |
| | Australia | | 1,402 |
| | 1,415 |
| | 1,554 |
| | Canada | | 1,773 |
| | 2,076 |
| | 2,395 |
| | Asia, excluding Japan | | 10,445 |
| | 9,656 |
| | 8,874 |
| | Japan | | 84 |
| | 282 |
| | 233 |
| | Other | | 156 |
| | 54 |
| | 114 |
| | Total | | $ | 84,022 |
| | $ | 68,196 |
| | 62,105 |
| |
|