Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 48,288	$ 67,320
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,349	11,543
Amortization of deferred sales commissions	772	1,049
Share-based compensation	22,515	23,892
Investments and derivatives loss (gain), net of collateral	17,726	(15,914)
Net purchases, maturities, and sales of trading and equity securities	6,057	(13,327)
Deferred income taxes	(3,436)	7,088
Net change in equity securities and trading debt securities held by consolidated sponsored funds	(5,846)	(8,973)
Other	1,304	588
Changes in assets and liabilities:
Customer and other receivables	(15,822)	69,484
Payable to investment companies for securities and payable to customers	(18,290)	(97,464)
Receivables from funds and separate accounts	739	(2,414)
Other assets	1,236	8,882
Accounts payable and payable to third party brokers	(6,744)	(7,434)
Other liabilities	(26,098)	(21,173)
Net cash provided by operating activities	28,750	23,147
Cash flows from investing activities:
Purchases of available for sale and equity method securities	(20,995)	(99,584)
Proceeds from sales of available for sale and equity method securities	2,366	19,667
Proceeds from maturities of available for sale securities	73,021	78,678
Additions to property and equipment	(6,268)	(2,748)
Net cash provided by (used in) investing activities	48,124	(3,987)
Cash flows from financing activities:
Dividends paid	(33,647)	(38,188)
Repurchase of common stock	(72,924)	(77,147)
Net subscriptions (redemptions, distributions and deconsolidations) of redeemable noncontrolling interests in sponsored funds	5,174	2,334
Other	(97)	(117)
Net cash used in financing activities	(101,494)	(113,118)
Net decrease in cash, cash equivalents and restricted cash	(24,620)	(93,958)
Cash, cash equivalents, and restricted cash at beginning of period	226,140	291,555
Cash, cash equivalents, and restricted cash at end of period	$ 201,520	$ 197,597