Derivatives (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivatives Reported on Condensed Consolidated Statements of Financial Condition

The tables below present the fair values of the Company’s derivative instruments reported within “other assets” and “other liabilities” and the fair values of the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements reported within “accrued compensation and benefits” (see Note 12) on the accompanying condensed consolidated statements of financial condition as of June 30, 2016 and December 31, 2015:

	June 30,		December 31,
	2016		2015
Derivative Assets:
Forward foreign currency exchange rate contracts	$	663	$	1,015
Total return swaps and other (a)		53		33
	$	716	$	1,048
Derivative Liabilities:
Forward foreign currency exchange rate contracts	$	1,911	$	1,584
Total return swaps and other (a)		6,853		531
LFI and other similar deferred compensation arrangements		177,129		193,574
	$	185,893	$	195,689

(a) For total return swaps, amounts represent the netting of gross derivative assets and liabilities of $327 and $7,127 as of June 30, 2016, respectively, and $460 and $958 as of December 31, 2015, respectively, for contracts with the same counterparty under legally enforceable master netting agreements. Such amounts are recorded “net” in “other assets”, with receivables for net cash collateral under such contracts of $10,996 and $9,636 as of June 30, 2016 and December 31, 2015, respectively.

Net Gains (Losses) with Respect to Derivative Instruments Not Designated as Hedging Instruments

Net gains (losses) with respect to derivative instruments (predominantly reflected in “revenue-other”) and the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements (included in “compensation and benefits” expense) as reflected on the accompanying condensed consolidated statements of operations for the three month and six month periods ended June 30, 2016 and 2015, were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Forward foreign currency exchange rate contracts	$	446		$	(4,023	)	$	(6,854	)	$	11,377
LFI and other similar deferred compensation arrangements		(312	)		1,894			2,202			(2,242	)
Total return swaps and other		(763	)		(16	)		(1,462	)		(3,184	)
Total	$	(629	)	$	(2,145	)	$	(6,114	)	$	5,951