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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of 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, 2023, 2022 and 2021:
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
in New
Businesses
Total
For the Year Ended December 31, 2023
Revenues$503,317 $436,298 $289,708 $670,486 $19,984 $1,919,793 
Expenses455,820 259,142 165,455 437,174 45,437 1,363,028 
Operating profit (loss)$47,497 $177,156 $124,253 $233,312 $(25,453)$556,765 
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
in New
Businesses
Total
For the Year Ended December 31, 2022
Revenues$575,625 $447,766 $323,353 $624,918 $19,375 $1,991,037 
Expenses473,209 251,650 172,252 404,850 45,159 1,347,120 
Operating profit (loss)$102,416 $196,116 $151,101 $220,068 $(25,784)$643,917 
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
in New
Businesses
Total
For the Year Ended December 31, 2021
Revenues$493,570 $482,949 $343,805 $581,157 $16,828 $1,918,309 
Expenses462,796 240,334 168,070 348,655 53,219 1,273,074 
Operating profit (loss)$30,774 $242,615 $175,735 $232,502 $(36,391)$645,235 
Schedule of 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, 2023, 2022 and 2021 is as follows:
Year Ended December 31,202320222021
Total operating profit from segments above$556,765 $643,917 $645,235 
Corporate overhead expenses (1)
(132,241)(168,164)(91,854)
Income from operations$424,524 $475,753 $553,381 
(1) Corporate overhead expenses in 2022 include the total costs of the Voluntary Separation Program (See Note 14).
Schedule of Additional Information Pertaining to Business Segments
The following tables provide additional information for the years ended December 31, 2023, 2022 and 2021 pertaining to the Company's business segments:
 Capital Expenditures (2)Depreciation
Year Ended December 31,202320222021202320222021
Private Banks$19,331 $32,454 $26,472 $21,888 $21,237 $19,040 
Investment Advisors9,329 13,027 11,100 2,040 1,933 3,646 
Institutional Investors1,639 3,884 2,614 1,207 1,142 1,241 
Investment Managers26,643 20,968 10,275 9,013 8,468 8,185 
Investments in New Businesses817 787 924 285 164 351 
Total from business segments$57,759 $71,120 $51,385 $34,433 $32,944 $32,463 
Corporate Overhead1,384 1,714 1,151 867 713 1,018 
$59,143 $72,834 $52,536 $35,300 $33,657 $33,481 
(2) Capital expenditures include additions to property and equipment and capitalized software.
 Amortization
Year Ended December 31,202320222021
Private Banks$19,094 $25,886 $34,159 
Investment Advisors7,620 9,905 11,654 
Institutional Investors7,324 8,166 2,321 
Investment Managers3,771 9,400 9,955 
Investments in New Businesses579 660 739 
Total from business segments$38,388 $54,017 $58,828 
Corporate Overhead281 263 324 
$38,669 $54,280 $59,152 
Schedule of 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 31,202320222021
United States$1,640,109 $1,623,022 $1,629,527 
International operations279,684 368,015 288,782 
$1,919,793 $1,991,037 $1,918,309 
The following table presents assets based on their location:
20232022
United States$2,041,083 $1,983,102 
International operations478,920 400,451 
$2,520,003 $2,383,553