Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net income (loss)	$ (7,573)	$ (15,386)
Non-cash items included in net income (loss):
Depreciation and amortization	1,039	1,244
Net investment gains	332	(114)
Restricted stock units recognized, net	10,307	10,018
Deferred taxes, net	7,520	3,369
Loss on fair value of contingent obligation	0	575
Allowance for doubtful accounts	797	0
Changes in operating assets and liabilities:
Fees receivable	20,728	16,412
Other receivables and assets	(15,611)	(15,776)
Compensation payable	(8,139)	(36,644)
Accounts payable and accrued expenses	(304)	(1,117)
Current income taxes payable	2,177	(4,324)
Net cash provided by (used for) operating activities	11,273	(41,743)
Investing activities:
Purchases of investments	(2,050)	0
Purchases of property and equipment	(696)	(314)
Net cash used in investing activities	(2,746)	(314)
Financing activities:
Repayment of secured term loan	(15,625)	(8,750)
Dividends paid	(970)	(1,656)
Purchase of treasury stock	(22,056)	(24,401)
Net cash used in financing activities	(38,651)	(34,807)
Effect of exchange rate changes	(4,184)	942
Net decrease in cash and cash equivalents	(34,308)	(75,922)
Cash and cash equivalents, beginning of the period	113,975	156,374
Cash and cash equivalents, end of the period	79,667	80,452
Supplemental disclosure of cash flow information:
Cash paid for interest	4,608	5,378
Cash paid for taxes, net of refunds	$ 823	$ 1,753