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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Net Income $ 106,477 $ 51,538 [1]
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation 1,180 1,214 [1]
Non-Cash Compensation 15,824 13,204 [1]
Directors' Share Grants 646 455 [1]
Net Realized and Unrealized Gains from Investments (4,392) (630) [1]
Equity in the Losses/ (Earnings) of Affiliates (2,170) 929 [1]
Non-Cash Performance Fees (29)  
Foreign Currency Translation Adjustment (866) 565 [1]
Noncash Lease Expense 2,503 2,282 [1]
Change in Liability to Selling and Converting Shareholders (607) (213) [1]
Deferred Income Taxes 4,787 3,432 [1]
Changes in Operating Assets and Liabilities:    
Advisory Fees Receivable (4,603) (3,637) [1]
Due from Broker 32 (113) [1]
Prepaid Expenses and Other Assets 800 273 [1]
Due to Broker (56) 16 [1]
Accounts Payable, Accrued Expenses, and Other Liabilities 6,686 (8,442) [1]
Tax Receivable Agreement Payments (2,476) (2,881) [1]
Change in Lease Liability (2,521) (2,330) [1]
Purchases of Investments (61,449) (23,935) [1]
Proceeds from Sale of Investments 17,061 19,602 [1]
Net Cash Provided by Operating Activities 76,827 51,329 [1]
INVESTING ACTIVITIES    
Purchases of Investments (18,981) (25,169) [1]
Proceeds from Sale of Investments 17,172 50,371 [1]
Net Consolidations (Deconsolidations) of Sponsored Investment Funds 578 (123) [1]
Payments (to)/ from Related Parties (1,049) (1,011) [1]
Purchase of Property and Equipment (491) (43) [1]
Net Cash(Used In)/ Provided by Investing Activities (2,771) 24,025 [1]
FINANCING ACTIVITIES    
Repurchase and Retirement of Class A Common Stock (8,655) (7,662) [1]
Repurchase and Retirement of Class B Units (491) (640) [1]
Sale of Shares under Equity Incentive Plan 315 2,295 [1]
Distributions to Non-Controlling Interests (73,773) (47,590) [1]
Contributions from Non-Controlling Interests 30,023 1,013 [1]
Dividends (5,870) (9,702) [1]
Net Cash Used in Financing Activities (58,451) (62,286) [1]
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 15,605 13,068 [1]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of Year [1] 66,584 53,516
Net Change in Cash, Cash Equivalents and Restricted Cash 15,605 13,068 [1]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of Year 82,189 66,584 [1]
Supplementary Cash Flow Information:    
Unit Conversion 321 390 [1]
Issuance of Shares under Equity Incentive Plan 3,852 3,842 [1]
Income Taxes Paid 698 562 [1]
Supplementary Schedule of Non-Cash Investing Transactions:    
Increase in Noncontrolling Interests Due to Net Consolidation (Deconsolidation) of Sponsored Investment Vehicles $ 9,730 $ (1,685) [1]
[1] Net consolidation (Deconsolidation) of Sponsored Investment Funds have been reclassified to conform to the current year presentation.