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Business Realignment (Tables)
12 Months Ended
Dec. 31, 2019
Restructuring And Related Activities [Abstract]  
Expenses and Losses Associated with Business Realignment Activity

Expenses and losses associated with business realignment for the year ended December 31, 2019 were as follows:

 

 

 

 

Financial

 

 

Asset

 

 

 

 

 

 

 

 

 

 

 

Advisory

 

 

Management

 

 

Corporate

 

 

Total

 

Compensation and benefits

 

$

39,476

 

 

$

14,480

 

 

$

2,679

 

 

$

56,635

 

Other (a)

 

 

4,371

 

 

 

1,750

 

 

 

5,054

 

 

 

11,175

 

Total

 

$

43,847

 

 

$

16,230

 

 

$

7,733

 

 

$

67,810

 

 

(a)

Financial Advisory includes losses of $3,727 associated with the closing of certain offices as part of business realignment.

Activity Related to the Obligations Pursuant to Business Realignment

Activity related to the obligations pursuant to business realignment during the year ended December 31, 2019 was as follows:

 

 

 

 

Accrued

 

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

Other

 

 

 

 

 

 

 

and Benefits

 

 

Liabilities

 

 

Total

 

Balance, January 1, 2019

 

$

-

 

 

$

-

 

 

$

-

 

New charges

 

 

56,635

 

 

 

11,175

 

 

 

67,810

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Non-cash charges

 

 

(16,596

)

 

 

(5,456

)

 

 

(22,052

)

Payments

 

 

(19,829

)

 

 

(651

)

 

 

(20,480

)

Balance, December 31, 2019

 

$

20,210

 

 

$

5,068

 

 

$

25,278