Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income (loss)	$ (28,083)	$ 16,881
Non-cash items included in net income (loss):
Depreciation and amortization	2,336	2,632
Net investment gains	(75)	149
Restricted stock units recognized, net	21,674	15,243
Deferred taxes, net	1,353	6,069
Non-cash portion of loss on refinancing	1,759	0
Loss on fair value of contingent obligation	575	3,591
Loss (gain) on sales of property and equipment	0	(777)
Changes in operating assets and liabilities:
Advisory fees receivable	18,533	(34,655)
Other receivables and assets	(18,926)	(6,789)
Payment of contingent obligation due selling unitholders of Cogent	(5,724)	0
Compensation payable	(30,105)	14,181
Accounts payable and accrued expenses	3,200	(4,292)
Current income taxes payable	(5,809)	2,540
Net cash provided by (used for) operating activities	(39,292)	14,773
Investing activities:
Distributions from investments	0	2
Purchases of property and equipment	(743)	(1,623)
Sales of property and equipment	0	1,357
Net cash used in investing activities	(743)	(264)
Financing activities:
Proceeds from refinancing of secured term loan, net	48,248	0
Repayment of secured term loan	(8,750)	(8,750)
Payment of contingent obligation due selling unitholders of Cogent	(13,144)	0
Dividends paid	(3,076)	(3,117)
Purchase of treasury stock	(29,780)	(119,401)
Net cash used in financing activities	(6,502)	(131,268)
Effect of exchange rate changes	(117)	(1,601)
Net decrease in cash and cash equivalents	(46,654)	(118,360)
Cash and cash equivalents, beginning of the period	156,374	267,646
Cash and cash equivalents, end of the period	109,720	149,286
Supplemental disclosure of cash flow information:
Cash paid for interest	5,851	11,309
Cash paid for taxes, net of refunds	$ 5,410	$ 2,998