Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income (loss)	$ (12,106)	$ 2,084
Non-cash items included in net income (loss):
Depreciation and amortization	1,068	1,235
Net investment (gains) losses	0	(366)
Restricted stock units recognized, net	7,743	8,346
Deferred taxes, net	(1,376)	1,861
Allowance for doubtful accounts	(209)	163
Changes in operating assets and liabilities:
Fees receivable	20,320	12,632
Other receivables and assets	(24,280)	(19,189)
Compensation payable	(19,325)	(10,010)
Accounts payable and accrued expenses	429	(3,627)
Current income taxes payable	(160)	(461)
Net cash provided (used) by operating activities	(27,896)	(7,332)
Investing activities:
Proceeds from sales of investments	0	1,190
Distributions from investments	0	22
Purchases of property and equipment	(554)	(3,049)
Net cash used in investing activities	(554)	(1,837)
Financing activities:
Dividends paid	(2,433)	(1,316)
Purchase of treasury stock	(19,832)	(14,545)
Net cash used in financing activities	(22,265)	(15,861)
Effect of exchange rate changes	(605)	234
Net decrease in cash and cash equivalents	(51,320)	(24,796)
Cash and cash equivalents, beginning of the period	134,624	112,703
Cash and cash equivalents, end of the period	83,304	87,907
Supplemental disclosure of cash flow information:
Cash paid for interest	2,304	2,822
Cash paid for taxes, net of refunds	$ 1,497	$ (24)