Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities:
Net income (loss)	$ (31,916)	$ (13,154)
Non-cash items included in net income (loss):
Depreciation and amortization	3,054	3,417
Net investment (gains) losses	239	(114)
Restricted stock units recognized, net	28,013	34,311
Deferred taxes, net	5,938	(268)
Non-cash portion of loss on refinancing	0	1,759
Loss on fair value of contingent obligation	0	575
Allowance for doubtful accounts	(77)	0
Loss (gain) on sales of property and equipment	127	0
Changes in operating assets and liabilities:
Fees receivable	51,865	22,068
Other receivables and assets	(16,150)	(8,425)
Payment of contingent obligation due selling unitholders of Cogent	0	(5,724)
Compensation payable	(11,577)	(35,268)
Accounts payable and accrued expenses	6,434	4,029
Current income taxes payable	(4,798)	(5,824)
Net cash provided by (used for) operating activities	31,152	(2,618)
Investing activities:
Purchases of investments	(2,050)	0
Proceeds from sales of investments	847	0
Distributions from investments	27	239
Purchases of property and equipment	(5,418)	(1,202)
Net cash used in investing activities	(6,594)	(963)
Financing activities:
Proceeds from refinancing of secured term loan, net	0	48,248
Repayment of secured term loan	(18,750)	(18,125)
Payment of contingent obligation due selling unitholders of Cogent	0	(13,144)
Dividends paid	(3,145)	(4,682)
Purchase of treasury stock	(23,044)	(46,262)
Net cash used in financing activities	(44,939)	(33,965)
Effect of exchange rate changes	(2,856)	(1,354)
Net decrease in cash and cash equivalents	(23,237)	(38,900)
Cash and cash equivalents, beginning of the period	113,975	156,374
Cash and cash equivalents, end of the period	90,738	117,474
Supplemental disclosure of cash flow information:
Cash paid for interest	11,241	16,751
Cash paid for taxes, net of refunds	$ 9,316	$ 5,134