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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Financial Information About Business Segments
The following tables highlight certain financial information about each of the Company’s business segments for the years ended December 31, 2015, 2014 and 2013:
 
 
Private
Banks
 
Investment
Advisors
 
Institutional
Investors
 
Investment
Managers
 
Investments
In New
Businesses
 
Total
 
 
For the Year Ended December 31, 2015
Revenues
 
$
456,516

 
$
306,620

 
$
297,568

 
$
267,963

 
$
5,541

 
$
1,334,208

Expenses
 
410,975

 
171,968

 
145,851

 
172,094

 
20,656

 
921,544

Operating profit (loss)
 
$
45,541

 
$
134,652

 
$
151,717

 
$
95,869

 
$
(15,115
)
 
$
412,664

Gain on sale of subsidiary
 
2,791

 

 

 

 

 
2,791

Total profit (loss)
 
$
48,332

 
$
134,652

 
$
151,717

 
$
95,869

 
$
(15,115
)
 
$
415,455

 
 
Private
Banks
 
Investment
Advisors
 
Institutional
Investors
 
Investment
Managers
 
Investments
In New
Businesses
 
Total
 
 
For the Year Ended December 31, 2014
Revenues
 
$
441,467

 
$
283,811

 
$
284,677

 
$
251,310

 
$
4,740

 
$
1,266,005

Expenses
 
399,620

 
146,500

 
140,659

 
159,176

 
18,377

 
864,332

Operating profit (loss)
 
$
41,847

 
$
137,311

 
$
144,018

 
$
92,134

 
$
(13,637
)
 
$
401,673

Gain on sale of subsidiary
 
5,582

 

 

 

 

 
5,582

Total profit (loss)
 
$
47,429

 
$
137,311

 
$
144,018

 
$
92,134

 
$
(13,637
)
 
$
407,255

 
 
Private
Banks
 
Investment
Advisors
 
Institutional
Investors
 
Investment
Managers
 
Investments
In New
Businesses
 
Total
 
 
For the Year Ended December 31, 2013
Revenues
 
$
397,138

 
$
241,252

 
$
257,658

 
$
226,081

 
$
4,003

 
$
1,126,132

Expenses
 
392,399

 
133,962

 
133,218

 
148,977

 
15,723

 
824,279

Operating profit (loss)
 
$
4,739

 
$
107,290

 
$
124,440

 
$
77,104

 
$
(11,720
)
 
$
301,853

Gain on sale of subsidiary
 
22,112

 

 

 

 

 
22,112

Total profit (loss)
 
$
26,851

 
$
107,290

 
$
124,440

 
$
77,104

 
$
(11,720
)
 
$
323,965

Reconciliation Of Total Operating Profit Reported For Business Segments To Income From Operations In Consolidated Statements Of Operations
A reconciliation of the total reported for the business segments to income from operations in the Consolidated Statements of Operations for the years ended December 31, 2015, 2014 and 2013 is as follows:
Year Ended December 31,
 
2015
 
2014
 
2013
Total operating profit from segments above
 
$
412,664

 
$
401,673

 
$
301,853

Corporate overhead expenses
 
(54,451
)
 
(48,889
)
 
(53,733
)
Noncontrolling interest reflected in segments
 

 

 
289

Income from operations
 
$
358,213

 
$
352,784

 
$
248,409

Additional Information Pertaining To Business Segments
The following tables provide additional information for the years ended December 31, 2015, 2014 and 2013 pertaining to our business segments:
 
 
Capital Expenditures (1)
 
Depreciation
Year Ended December 31,
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Private Banks
 
$
41,972

 
$
30,883

 
$
34,258

 
$
12,348

 
$
13,393

 
$
15,506

Investment Advisors
 
13,206

 
13,783

 
12,611

 
3,410

 
2,507

 
2,091

Institutional Investors
 
5,301

 
4,575

 
2,712

 
1,200

 
1,041

 
893

Investment Managers
 
10,119

 
9,505

 
4,871

 
4,040

 
2,917

 
1,970

Investments in New Businesses
 
736

 
2,547

 
639

 
2,278

 
1,983

 
1,589

Total from business segments
 
$
71,334

 
$
61,293

 
$
55,091

 
$
23,276

 
$
21,841

 
$
22,049

Corporate Overhead
 
2,547

 
2,053

 
760

 
768

 
607

 
448

 
 
$
73,881

 
$
63,346

 
$
55,851

 
$
24,044

 
$
22,448

 
$
22,497

(1) Capital expenditures include additions to property and equipment and capitalized software.
 
 
Amortization
Year Ended December 31,
 
2015
 
2014
 
2013
Private Banks
 
$
29,819

 
$
24,993

 
$
22,379

Investment Advisors
 
9,880

 
9,228

 
8,234

Institutional Investors
 
1,558

 
1,430

 
1,274

Investment Managers
 
1,029

 
954

 
851

Investments in New Businesses
 
116

 
1,846

 
1,636

Total from business segments
 
$
42,402

 
$
38,451

 
$
34,374

Corporate Overhead
 
228

 
228

 
228

 
 
$
42,630

 
$
38,679

 
$
34,602

 
 
Total Assets
 
 
2015
 
2014
Private Banks
 
$
451,079

 
$
417,890

Investment Advisors
 
138,459

 
134,371

Institutional Investors
 
105,443

 
118,397

Investment Managers
 
154,432

 
134,614

Investments in New Businesses
 
5,355

 
21,830

Total from business segments
 
$
854,768

 
$
827,102

Corporate Overhead (2)
 
733,860

 
715,773

 
 
$
1,588,628

 
$
1,542,875


(2) Unallocated assets primarily consist of cash and cash equivalents, marketable securities, and certain other shared services assets.
Revenues And Assets Based On Location
The following table presents revenues based on the location of the use of the products or services:
For the Year Ended December 31,
 
2015
 
2014
 
2013
United States
 
$
1,123,165

 
$
1,063,223

 
$
962,266

International operations
 
211,043

 
202,782

 
163,866

 
 
$
1,334,208

 
$
1,266,005

 
$
1,126,132

The following table presents assets based on their location:
 
 
2015
 
2014
United States
 
$
1,330,738

 
$
1,315,036

International operations
 
257,890

 
227,839

 
 
$
1,588,628

 
$
1,542,875