Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities:
Net income (loss)	$ (13,154)	$ 28,098
Non-cash items included in net income (loss):
Depreciation and amortization	3,417	3,898
Net investment gains	(114)	283
Restricted stock units recognized, net	34,311	26,538
Deferred taxes, net	(268)	6,029
Non-cash portion of loss on refinancing	1,759	0
Loss on fair value of contingent obligation	575	4,022
Loss (gain) on sales of property and equipment	0	(777)
Changes in operating assets and liabilities:
Advisory fees receivable	22,068	(22,523)
Other receivables and assets	(8,425)	(5,429)
Payment of contingent obligation due selling unitholders of Cogent	(5,724)	0
Compensation payable	(35,268)	15,077
Accounts payable and accrued expenses	4,029	(3,186)
Current income taxes payable	(5,824)	3,575
Net cash provided by (used for) operating activities	(2,618)	55,605
Investing activities:
Distributions from investments	239	149
Purchases of property and equipment	(1,202)	(1,738)
Sales of property and equipment	0	1,357
Net cash used in investing activities	(963)	(232)
Financing activities:
Proceeds from refinancing of secured term loan, net	48,248	0
Repayment of secured term loan	(18,125)	(13,125)
Payment of contingent obligation due selling unitholders of Cogent	(13,144)	0
Dividends paid	(4,682)	(3,995)
Purchase of treasury stock	(46,262)	(177,786)
Net cash used in financing activities	(33,965)	(194,906)
Effect of exchange rate changes	(1,354)	(2,717)
Net decrease in cash and cash equivalents	(38,900)	(142,250)
Cash and cash equivalents, beginning of the period	156,374	267,646
Cash and cash equivalents, end of the period	117,474	125,396
Supplemental disclosure of cash flow information:
Cash paid for interest	16,751	16,480
Cash paid for taxes, net of refunds	$ 5,134	$ 3,870