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Business Realignment (Tables)
9 Months Ended
Sep. 30, 2019
Restructuring And Related Activities [Abstract]  
Expenses Associated with Business Realignment Activity

Expenses associated with business realignment for the three month and nine month periods ended September 30, 2019 were as follows:

 

 

Financial

 

 

Asset

 

 

 

 

 

 

 

 

 

 

 

Advisory

 

 

Management

 

 

Corporate

 

 

Total

 

Compensation and benefits

 

$

35,658

 

 

$

13,144

 

 

$

317

 

 

$

49,119

 

Other

 

 

-

 

 

 

1,335

 

 

 

1,000

 

 

 

2,335

 

Total

 

$

35,658

 

 

$

14,479

 

 

$

1,317

 

 

$

51,454

 

Activity Related to the Obligations Pursuant to Business Realignment

Activity related to the obligations pursuant to business realignment during the three month period ended September 30, 2019 was as follows:

 

 

Accrued

 

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

Other

 

 

 

 

 

 

 

and Benefits

 

 

Liabilities

 

 

Total

 

Balance, July 1, 2019

 

$

-

 

 

$

-

 

 

$

-

 

New charges

 

 

49,119

 

 

 

2,335

 

 

 

51,454

 

Less:

 

 

-

 

 

 

-

 

 

 

-

 

Non-cash charges

 

 

(15,447

)

 

 

(1,335

)

 

 

(16,782

)

Payments

 

 

(1,193

)

 

 

-

 

 

 

(1,193

)

Balance, September 30, 2019

 

$

32,479

 

 

$

1,000

 

 

$

33,479