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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net Income $ 18,482 $ 25,029
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Depreciation 308 296
Non-Cash Compensation 4,145 3,789
Directors' Share Grants 436 247
Net Realized and Unrealized (Gains)/ Losses from Investments 182 (2,563)
Equity in (Earnings)/ Losses of Affiliates 63 (1,537)
Non-Cash Performance Fees (8)  
Noncash Lease Expense 691 589
Foreign Currency Translation Adjustments (134) (12)
Deferred Income Taxes 950 1,513
Changes in Operating Assets and Liabilities:    
Advisory Fees Receivable (872) (4,274)
Due from Broker (79) (181)
Prepaid Expenses and Other Assets (289) 387
Due to Broker 155 (56)
Accounts Payable, Accrued Expenses, and Other Liabilities (16,238) (18,424)
Lease Liabilities (474) (601)
Purchases of Equity Securities (15,425) (10,892)
Proceeds from Equity Securities 6,086 10,792
Net Cash (Used in)/ Provided by Operating Activities (2,021) 4,102
INVESTING ACTIVITIES    
Purchases of Investments (1,379) (5,790)
Proceeds from Sale of Investments 9,320 2,704
Deconsolidations of sponsored investment funds 1,710  
Payments from/ (to) Related Parties (1,909) (847)
Purchases of Property and Equipment (624) (12)
Net Cash Provided by/ (Used in) Investing Activities 3,698 (3,945)
FINANCING ACTIVITIES    
Repurchase and Retirement of Class A Common Stock (2,365) (2,390)
Repurchase and Retirement of Class B Units (64) (90)
Sale of Shares under Equity Incentive Plan 729 167
Distributions to Non-Controlling Interests (47,005) (29,725)
Contributions from Non-Controlling Interests 11,838 303
Dividends Paid (9,209) (4,302)
Net Cash Used In Financing Activities (46,076) (36,037)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (44,399) (35,880)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of Period 82,189 66,584
Net Change in Cash, Cash Equivalents and Restricted Cash (44,399) (35,880)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of Period 37,790 30,704
Supplementary Cash Flow Information:    
Issuances of Shares under Equity Incentive Plan 6,787 3,822
Income Taxes Paid 349 $ 121
Supplementary Schedule of Non-Cash Investing Transaction Abstract    
Decrease in Noncontrolling Interests Due to Deconsolidations of Sponsored Investment Vehicles $ (26,755)