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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The components of the Company's income tax expense for the years ended December 31, 2019, 2018 and 2017 are as follows:
 Year ended December 31,  
 201920182017
(dollars in thousands) 
Current tax expense/(benefit)    
Federal  $(731) $(1,883) $421  
State and local  457  (2,148) 2,034  
Foreign  1,831  785  428  
Total  $1,557  $(3,246) $2,883  
Deferred tax expense/(benefit)    
Federal  $10,242  $12,018  $44,071  
State and local  3,598  6,956  (2,938) 
Foreign  (544) (9) 37  
Total  13,296  18,965  41,170  
Total tax expense/(benefit) $14,853  $15,719  $44,053  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
The reconciliations of the Company's federal statutory rate to the effective income tax rate for the years ended December 31, 2019, 2018, and 2017 are as follows:
Year ended December 31,  
201920182017
Pre-tax loss at U.S. statutory rate  21.0 %21.0 %35.0 %
Dividend received deduction  —  —  (25.9) 
Bargain purchase gain  —  —  (34.8) 
Basis adjustment on investments  —  3.5  65.2  
Nondeductible expenses  4.1  1.2  14.2  
Goodwill impairment  1.2  —  —  
Change in valuation allowance  (4.0) 7.1  —  
Impact of tax law change  —  —  669.8  
State and foreign tax  8.0  (10.0) 25.3  
Reversal of income attributable to non-controlling interests  (9.2) (8.6) (119.6) 
Other, net  (0.1) 1.7  3.7  
Total  21.0 %15.9 %632.9 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The components of the Company's deferred tax assets and liabilities as of December 31, 2019 and 2018 are as follows:
As of December 31,
20192018
 (dollars in thousands) 
Deferred tax assets, net of valuation allowance    
Net operating loss  $60,160  $48,294  
Deferred compensation  46,545  59,697  
Intangible assets  2,969  —  
Tax credits  6,716  9,036  
Lease liability  24,623  2,098  
Other  3,043  2,444  
Total deferred tax assets  144,056  121,569  
Valuation allowance  (5,234) (9,135) 
Deferred tax assets, net of valuation allowance  138,822  112,434  
Deferred tax liabilities    
Right-of-use assets  (23,028) —  
Unrealized gains on investments  (26,545) (13,092) 
Amortization of bond discount  (3,980) (4,643) 
Other  (6,103) (1,642) 
Total deferred tax liabilities  (59,656) (19,377) 
Deferred tax assets/(liabilities), net $79,166  $93,057  
Summary of Operating Loss Carryforwards [Table Text Block]
The Company has the following net operating loss carryforwards at December 31, 2019:
Jurisdiction:Federal  New York State  New York City  Hong Kong  
Net operating loss (in millions)$175.1  $67.9  $108.8  $12.5  
Year of expiration203720372037Indefinite  
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]
The components of unrecognized tax benefits are as follows:
As of December 31,
20192018
 (dollars in thousands) 
Beginning balance at January 1  $299  $3,947  
Increases/(Decreases) due to current year positions —  (3,648) 
Ending balance at December 31  $299  $299  
Summary of Income Tax Examinations
The following are the major tax jurisdictions in which the Company has significant business operations and the earliest tax year subject to examination:
Jurisdiction:Federal  New York State  New York City  United Kingdom  Luxembourg  Germany  Switzerland  
Tax Year2016201320162015201720152014