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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES        
Net Income $ 14,439 $ 27,077 $ 32,921 $ 52,106
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:        
Depreciation 268 295 576 591
Non-Cash Compensation 3,618 3,962 7,763 7,751
Directors' Share Grants 132 139 568 386
Net Realized and Unrealized (Gains)/ Losses from Investments 6,547 (899) 6,729 (3,462)
Equity in (Earnings)/ Losses of Affiliates 1,649 (470) 1,712 (2,007)
Non-Cash Performance Fees     (8)  
Non-Cash Lease Expense 896 598 1,587 1,187
Foreign Currency Translation Adjustments (875) (117) (1,009) (129)
Deferred Income Taxes 1,052 1,489 2,002 3,002
Changes in Operating Assets and Liabilities:        
Advisory Fees Receivable 5,144 (2,163) 4,272 (6,437)
Due from Broker (26) (304) (105) (485)
Prepaid Expenses and Other Assets 829 299 540 686
Due to Broker (73) 811 82 755
Accounts Payable, Accrued Expenses, and Other Liabilities 7,536 8,792 (8,702) (9,632)
Lease Liabilities (342) (610) (816) (1,211)
Purchases of Equity Securities (23,430) (21,768) (38,855) (32,660)
Proceeds from Equity Securities 1,784 4,326 7,870 15,118
Net Cash Provided by Operating Activities 19,148 21,457 17,127 25,559
INVESTING ACTIVITIES        
Purchases of Investments (2,864) (1,820) (4,243) (7,610)
Proceeds from Sale of Investments 924 5,730 10,244 8,434
Deconsolidations of sponsored investment funds (1,097)   (2,807)  
Payments from/ (to) Related Parties 577 79 (1,332) (768)
Purchases of Property and Equipment (1,255)   (1,879) (12)
Net Cash (Used in)/ Provided by Investing Activities (3,715) 3,989 (17) 44
FINANCING ACTIVITIES        
Repurchase and Retirement of Class A Common Stock (2,761) (1,047) (5,126) (3,437)
Repurchase and Retirement of Class B Units   (32) (64) (122)
Sale of Shares under Equity Incentive Plan 1,043 55 1,772 222
Distributions to Non-Controlling Interests (11,961) (13,931) (58,966) (43,656)
Contributions from Non-Controlling Interests 12,592 13,835 24,430 14,138
Dividends Paid (509) (513) (9,718) (4,815)
Net Cash Used In Financing Activities (1,596) (1,633) (47,672) (37,670)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 13,837 23,813 (30,562) (12,067)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of Period 37,790 30,704 82,189 66,584
Net Change in Cash, Cash Equivalents and Restricted Cash 13,837 23,813 (30,562) (12,067)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of Period 51,627 54,517 51,627 54,517
Supplementary Cash Flow Information:        
Unit Conversion   265   265
Issuances of Shares under Equity Incentive Plan     6,787 3,822
Income Taxes Paid 1,602 $ 200 1,962 $ 321
Supplementary Schedule of Non-Cash Investing Transaction Abstract        
Decrease in Noncontrolling Interests Due to Deconsolidations of Sponsored Investment Vehicles $ (7,182)   $ (33,937)