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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES        
Net Income $ 15,788 $ 28,703 $ 48,709 $ 80,809
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:        
Depreciation 256 295 832 886
Non-Cash Compensation 3,370 3,975 11,133 11,726
Directors' Share Grants 131 130 699 516
Net Realized and Unrealized (Gains)/ Losses from Investments 3,288 (86) 10,017 (3,548)
Equity in (Earnings)/ Losses of Affiliates 2,153 16 3,865 (1,991)
Non-Cash Performance Fees     (8)  
Non-Cash Lease Expense 972 605 2,559 1,792
Foreign Currency Translation Adjustments (394) (659) (1,403) (788)
Deferred Income Taxes 476 1,313 2,478 4,315
Changes in Operating Assets and Liabilities:        
Advisory Fees Receivable 2,405 (85) 6,677 (6,522)
Due from Broker 154 35 49 (450)
Prepaid Expenses and Other Assets 3,520 (69) 4,060 617
Due to Broker 7,538 191 7,620 946
Accounts Payable, Accrued Expenses, and Other Liabilities 6,720 6,386 (1,982) (3,246)
Lease Liabilities (172) (617) (988) (1,828)
Purchases of Equity Securities (4,584) (12,191) (43,439) (44,851)
Proceeds from Equity Securities 1,035 1,147 8,905 16,265
Net Cash Provided by Operating Activities 42,656 29,089 59,783 54,648
INVESTING ACTIVITIES        
Purchases of Investments (891) (1,817) (5,134) (9,427)
Proceeds from Sale of Investments 686 1,765 10,930 10,199
Deconsolidations of sponsored investment funds (3,541) (14) (6,348) (14)
Payments from/ (to) Related Parties 170 (1) (1,162) (769)
Purchases of Property and Equipment (3,137) (45) (5,016) (57)
Net Cash (Used in)/ Provided by Investing Activities (6,713) (112) (6,730) (68)
FINANCING ACTIVITIES        
Repurchase and Retirement of Class A Common Stock (189) (2,527) (5,315) (5,964)
Repurchase and Retirement of Class B Units     (64) (122)
Sale of Shares under Equity Incentive Plan   33 1,772 255
Distributions to Non-Controlling Interests (12,974) (19,052) (71,940) (62,708)
Contributions from Non-Controlling Interests 3,261 9,589 27,691 23,727
Dividends Paid (502) (531) (10,220) (5,346)
Net Cash Used In Financing Activities (10,404) (12,488) (58,076) (50,158)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 25,539 16,489 (5,023) 4,422
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of Period 51,627 54,517 82,189 66,584
Net Change in Cash, Cash Equivalents and Restricted Cash 25,539 16,489 (5,023) 4,422
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of Period 77,166 71,006 77,166 71,006
Supplementary Cash Flow Information:        
Unit Conversion       265
Issuances of Shares under Equity Incentive Plan     6,787 3,822
Income Taxes Paid 140 $ 311 1,742 $ 632
Supplementary Schedule of Non-Cash Investing Transaction Abstract        
Decrease in Noncontrolling Interests Due to Deconsolidations of Sponsored Investment Vehicles $ (11,659)   $ (45,596)