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Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets

the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:

 

          As Of Or For The Year Ended December 31,  
          2014     2013(b)     2012(b)  

Financial Advisory

   Net Revenue    $ 1,206,734      $ 980,577      $ 1,049,090   
   Operating Expenses (a)      977,681        959,668        1,057,620   
     

 

 

   

 

 

   

 

 

 
   Operating Income (Loss)    $ 229,053      $ 20,909      $ (8,530
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 785,557      $ 714,708      $ 793,007   
     

 

 

   

 

 

   

 

 

 

Asset Management

   Net Revenue    $ 1,134,595      $ 1,039,130      $ 896,260   
   Operating Expenses (a)      749,345        704,045        659,502   
     

 

 

   

 

 

   

 

 

 
   Operating Income    $ 385,250      $ 335,085      $ 236,758   
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 588,403      $ 612,018      $ 566,677   
     

 

 

   

 

 

   

 

 

 

Corporate

   Net Revenue    $ (40,882   $ (34,355   $ (32,902
   Operating Expenses (a)      53,956        104,832        71,441   
     

 

 

   

 

 

   

 

 

 
   Operating Loss    $ (94,838   $ (139,187   $ (104,343
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 1,958,276      $ 1,684,411      $ 1,627,209   
     

 

 

   

 

 

   

 

 

 

Total

   Net Revenue    $ 2,300,447      $ 1,985,352      $ 1,912,448   
   Operating Expenses (a)      1,780,982        1,768,545        1,788,563   
     

 

 

   

 

 

   

 

 

 
   Operating Income    $ 519,465      $ 216,807      $ 123,885   
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 3,332,236      $ 3,011,137      $ 2,986,893   
     

 

 

   

 

 

   

 

 

 

 

(a) Operating expenses include depreciation and amortization of property as set forth in table below.

 

     Year Ended December 31,  
     2014      2013      2012  

Financial Advisory

   $ 4,826       $ 5,256       $ 5,710   

Asset Management

     2,610         2,556         3,250   

Corporate

     27,028         26,938         21,895   
  

 

 

    

 

 

    

 

 

 

Total

   $ 34,464       $ 34,750       $ 30,855   
  

 

 

    

 

 

    

 

 

 

 

(b) See Note 16 of Notes to Consolidated Financial Statements for information regarding the Cost Saving Initiatives and the impact on each of the Company’s business segments.
Schedule of Revenue from External Customers and Identifiable Assets, by Geographical Areas

The following table sets forth the net revenue from, and identifiable assets for, the Company and its consolidated subsidiaries by geographic region allocated on the basis described above.

 

    As Of Or For The Year Ended December 31,  
             2014                        2013                        2012            

Net Revenue:

     

United States

  $ 1,308,220      $ 1,217,014      $ 1,172,566   

United Kingdom

    277,610        205,695        180,784   

France

    376,432        281,740        265,523   

Other Western Europe

    150,810        123,975        132,754   

Rest of World

    187,375        156,928        160,821   
 

 

 

   

 

 

   

 

 

 

Total

  $ 2,300,447      $ 1,985,352      $ 1,912,448   
 

 

 

   

 

 

   

 

 

 

Operating Income (Loss):

     

United States

  $ 320,082      $ 234,247      $ 169,111   

United Kingdom

    61,744        (6,474     (37,329

France

    87,308        14,845        8,332   

Other Western Europe

    12,634        (8,260     (20,812

Rest of World

    37,697        (17,551     4,583   
 

 

 

   

 

 

   

 

 

 

Total

  $ 519,465      $ 216,807      $ 123,885   
 

 

 

   

 

 

   

 

 

 

Identifiable Assets:

     

United States

  $ 1,840,882      $ 1,529,695      $ 1,507,331   

United Kingdom

    266,584        239,606        226,578   

France

    809,241        824,712        808,655   

Other Western Europe

    135,889        118,939        114,763   

Rest of World

    279,640        298,185        329,566   
 

 

 

   

 

 

   

 

 

 

Total

  $ 3,332,236      $ 3,011,137      $ 2,986,893