Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets

Management evaluates segment results based on net revenue and operating income (loss) and believes that 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,
		2019			2018			2017
Financial Advisory	Net Revenue	$	1,374,036		$	1,555,526		$	1,387,682
	Operating Expenses (a)/(c)		1,225,795			1,198,807			1,143,586
	Operating Income	$	148,241		$	356,719		$	244,096
	Total Assets	$	1,144,339		$	859,306		$	843,142
Asset Management	Net Revenue	$	1,237,390		$	1,331,801		$	1,255,820
	Operating Expenses (a)/(c)		887,522			912,110			810,870
	Operating Income	$	349,868		$	419,691		$	444,950
	Total Assets	$	821,641		$	728,220		$	756,398
Corporate	Net Revenue	$	(24,653	)	$	(60,975	)	$	809
	Operating Expenses (a)/(b)/(c)		80,758			34,669			(135,591	)
	Operating Income (Loss)	$	(105,411	)	$	(95,644	)	$	136,400
	Total Assets	$	3,673,601		$	3,409,715		$	3,329,137
Total	Net Revenue	$	2,586,773		$	2,826,352		$	2,644,311
	Operating Expenses (a)/(c)		2,194,075			2,145,586			1,818,865
	Operating Income	$	392,698		$	680,766		$	825,446
	Total Assets	$	5,639,581		$	4,997,241		$	4,928,677

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

	Year Ended December 31,
	2019		2018		2017
Financial Advisory	$	5,492	$	7,720	$	6,596
Asset Management		2,995		3,253		2,830
Corporate		27,085		23,130		22,072
Total	$	35,572	$	34,103	$	31,498

(b) Operating expenses include a benefit of $503, $6,495 and $202,546 for the years ended December 31, 2019, 2018 and 2017, respectively, recorded for the benefit pursuant to the tax receivable agreement. See Note 21 for information regarding the tax receivable agreement obligation.

(c) See Note 18 for information regarding business realignment.

Schedule of Operating Income, Revenue 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. In the table below, Americas principally includes the U.S., EMEA principally includes the U.K. and France, and Asia Pacific principally includes Australia.

	As of or for the Year Ended December 31,
	2019		2018		2017
Net Revenue:
Americas	$	1,544,063	$	1,615,736	$	1,558,070
EMEA		873,007		1,022,994		903,525
Asia Pacific		169,703		187,622		182,716
Total	$	2,586,773	$	2,826,352	$	2,644,311
Operating Income:
Americas (a)	$	241,992	$	434,111	$	596,044
EMEA		120,481		206,578		193,781
Asia Pacific		30,225		40,077		35,621
Total	$	392,698	$	680,766	$	825,446
Identifiable Assets:
Americas	$	2,908,926	$	2,557,904	$	2,600,412
EMEA		2,437,788		2,150,597		2,039,385
Asia Pacific		292,867		288,740		288,880
Total	$	5,639,581	$	4,997,241	$	4,928,677

(a) Operating income includes a benefit of $503, $6,495 and $202,546 for the years ended December 31, 2019, 2018 and 2017, respectively, recorded for the benefit pursuant to the tax receivable agreement. See Note 21 for information regarding the tax receivable agreement obligation.