Compensation and Benefits (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Components of Compensation Expense

Total compensation and benefits consists of the following:

	For the Three Months Ended March 31,
	2021		2020
Salaries, incentive compensation and benefits (1)	$	128,364	$	95,530
Long-term incentive compensation awards
Long-term cash incentive compensation expense	1,214		—
Restricted share-based award compensation expense	9,887		9,187
Total compensation and benefits	$	139,465	$	104,717
(1) Excluding long-term incentive compensation awards

Restricted Share-Based Award Activity

The following tables summarize the restricted share-based award activity for the three months ended March 31, 2021:

	Weighted-Average Grant Date Fair Value		Restricted Stock Awards and Restricted Stock Units
Unvested at January 1, 2021	$	35.09	5,293,642
Granted	52.93		741,555
Forfeited	—		—
Vested	31.34		(627,816)
Unvested at March 31, 2021	$	37.97	5,407,381

Nonvested Restricted Stock Shares Activity

	Weighted-Average Grant Date Fair Value		Performance Share Units
Unvested at January 1, 2021	$	52.45	60,000
Granted	68.58		75,230
Forfeited	—		—
Vested	—		—
Unvested at March 31, 2021	$	61.42	135,230