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Business Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Business Information

18.

BUSINESS INFORMATION

The Company’s activities providing strategic advisory, shareholder advisory, restructuring and special situations and private fund advisory and fundraising services constitute a single reportable segment. An operating segment is a component of an entity that conducts business and incurs revenues and expenses for which discrete financial information is available that is reviewed by the chief operating decision maker in assessing performance and making resource allocation decisions. The Company has a single operating segment and therefore a single reportable segment.

The Company is organized as one operating segment in order to maximize the value of advice to clients by drawing upon the diversified expertise and broad relationships of senior professionals across the Company. The chief operating decision maker assesses performance and allocates resources based on broad considerations, including the market opportunity, available expertise across the Company and the strength and efficacy of professionals’ collaboration, and not based upon profit or loss measures for the Company’s separate product lines.

Since the financial markets are global in nature, the Company generally manages its business based on the operating results of the Company taken as a whole, not by geographic region. The following tables set forth the geographical distribution of revenues and assets based on the location of the office that generates the revenues or holds the assets and therefore may not be reflective of the geography in which the Company’s clients are located.

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

$

652,108

 

 

$

468,754

 

 

$

431,617

 

International

 

 

65,531

 

 

 

111,494

 

 

 

67,665

 

Total

 

$

717,639

 

 

$

580,248

 

 

$

499,282

 

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Assets

 

 

 

 

 

 

 

 

Domestic

 

$

792,403

 

 

$

628,437

 

International

 

 

160,374

 

 

 

43,380

 

Total

 

$

952,777

 

 

$

671,817

 

 

The Company is not subject to any material concentrations with respect to its revenues for the years ended December 31, 2019, 2018 and 2017, or credit risk with respect to its accounts receivable as of December 31, 2019 and 2018.