Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net income allocated to common stockholders	$ 4,357	$ 7,603
Non-cash items included in net income allocated to common stockholders:
Depreciation and amortization	848	721
Net investment (gains) losses	(2)	240
Restricted stock units recognized	8,189	11,432
Deferred taxes	3,522	3,405
Loss on fair value of contingent obligation	385	0
Changes in operating assets and liabilities:
Advisory fees receivable	2,314	8,987
Other receivables and assets	(3,415)	(255)
Compensation payable	(7,214)	(18,944)
Accounts payable and accrued expenses	6,464	8,501
Current income taxes payable	(14,046)	(4,286)
Net cash provided by operating activities	1,402	17,404
Investing activities:
Purchases of investments	0	(9)
Distributions from investments	0	267
Purchases of property and equipment	(296)	(95)
Net cash used in investing activities	(296)	163
Financing activities:
Proceeds from revolving bank loan	26,500	19,100
Repayment of revolving bank loan	(11,200)	(20,000)
Dividends paid	(15,434)	(14,480)
Purchase of treasury stock	(7,688)	(10,561)
Net tax (cost) from the delivery of restricted stock units and payment of dividend equivalents	(6,676)	(6,848)
Net cash used in financing activities	(14,498)	(32,789)
Effect of exchange rate changes on cash and cash equivalents	(970)	(1,272)
Net decrease in cash and cash equivalents	(14,362)	(16,494)
Cash and cash equivalents, beginning of period	69,962	50,940
Cash and cash equivalents, end of period	55,600	34,446
Supplemental disclosure of cash flow information:
Cash paid for interest	744	283
Cash paid for taxes, net of refunds	$ 14,145	$ 5,602