Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Disaggregation of Revenue

Revenue from advisory fees is disaggregated into categories based on the composition of the Company's client base and advisory fee structure for the three months ended March 31, 2019 and 2018:

	For the Three Months Ended March 31,
Revenue	2019			2018
	(in thousands)
Separately Managed Accounts
Asset-Based Fees	$	18,596		$	20,082
Total Separately Managed Fees		18,596			20,082
Sub-Advised Accounts
Asset-Based Fees	$	14,890		$	15,565
Decrease in Asset-Based Fees		(335	)		—
Performance-Based Fees		452			886
Total Sub-Advised Fees		15,007			16,451
Pzena Funds
Asset-Based Fees	$	3,989		$	2,986
Expense Cap Reimbursements		(182	)		(279	)
Performance-Based Fees		—			12
Total Pzena Funds Fees		3,807			2,719
Total	$	37,410		$	39,252

Schedule of Cash and Cash Equivalents

The following table reconciles cash, cash equivalents, and restricted cash per the consolidated statements of cash flows to the consolidated statements of financial condition.

	March 31, 2019		December 31, 2018		March 31, 2018		December 31, 2017
	(in thousands)
Cash and Cash Equivalents	$	14,731	$	38,099	$	27,347	$	63,414
Restricted Cash		1,029		1,028		1,021		1,017
Total	$	15,760	$	39,127	$	28,368	$	64,431

Schedule of Restricted Cash

The following table reconciles cash, cash equivalents, and restricted cash per the consolidated statements of cash flows to the consolidated statements of financial condition.

	March 31, 2019		December 31, 2018		March 31, 2018		December 31, 2017
	(in thousands)
Cash and Cash Equivalents	$	14,731	$	38,099	$	27,347	$	63,414
Restricted Cash		1,029		1,028		1,021		1,017
Total	$	15,760	$	39,127	$	28,368	$	64,431