Compensation and Benefits (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Components of Compensation Expense

Total compensation and benefits consists of the following:

	For the Years Ended December 31,
	2020		2019		2018
Salaries, incentive compensation and benefits (1)	$	399,325	$	358,339	$	360,287
Restricted share-based award compensation expense	36,493		42,117		52,879
Total compensation and benefits	$	435,818	$	400,456	$	413,166
(1) Excluding restricted share-based award compensation expense

Restricted Share Activity

The following tables summarize the restricted share-based award activity for the years ended December 31, 2020, 2019 and 2018:

	Weighted-Average Grant Date Fair Value		Restricted Stock Awards and Restricted Stock Units
Unvested at January 1, 2018	$	38.79	4,013,986
Granted	39.32		1,518,974
Forfeited	36.09		(67,255)
Vested	44.50		(787,248)
Unvested at January 1, 2019	$	38.04	4,678,457
Granted	22.92		963,000
Forfeited	34.61		(17,289)
Vested	39.21		(618,746)
Unvested at January 1, 2020	$	35.00	5,005,422
Granted	33.80		919,455
Forfeited	30.92		(43,091)
Vested	32.59		(588,144)
Unvested at December 31, 2020	$	35.09	5,293,642