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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income (loss) $ (23,318) $ (12,106)
Non-cash items included in net income (loss):    
Depreciation and amortization 1,335 1,068
Restricted stock units recognized, net 6,180 7,743
Deferred taxes, net 1,066 (1,376)
Allowance for doubtful accounts (5) (209)
Changes in operating assets and liabilities:    
Fees receivable 4,388 20,320
Other receivables and assets (21,587) (24,280)
Compensation payable (2,289) (19,325)
Accounts payable and accrued expenses 1,601 429
Current income taxes payable 293 (160)
Net cash provided (used) by operating activities (32,336) (27,896)
Investing activities:    
Purchases of property and equipment (1,527) (554)
Net cash used in investing activities (1,527) (554)
Financing activities:    
Repayment of secured term loan (1,796) 0
Dividends paid (2,681) (2,433)
Purchase of treasury stock (7,860) (19,832)
Net cash used in financing activities (12,337) (22,265)
Effect of exchange rate changes 627 (605)
Net decrease in cash and cash equivalents (45,573) (51,320)
Cash and cash equivalents, beginning of the period 104,336 134,624
Cash and cash equivalents, end of the period 58,763 83,304
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,511 2,304
Cash paid for taxes, net of refunds $ 827 $ 1,497