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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES        
Net Income $ 27,077 $ 12,849 $ 52,106 $ 13,618
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:        
Depreciation 295 306 591 612
Non-Cash Compensation 3,962 3,113 7,751 6,003
Directors' Share Grants 139 (106) 386 225
Net Realized and Unrealized (Gains)/ Losses from Investments (899) (1,906) (3,462) 3,341
Equity in (Earnings)/ Losses of Affiliates (470) (1,144) (2,007) 3,118
Noncash Lease Expense 598 566 1,187 1,162
Foreign Currency Translation Adjustments (117) 283 (129) (222)
Deferred Income Taxes 1,489 762 3,002 1,122
Changes in Operating Assets and Liabilities:        
Advisory Fees Receivable (2,163) (914) (6,437) 2,732
Due from Broker (304) (861) (485) (842)
Prepaid Expenses and Other Assets 299 656 686 481
Due to Broker 811 1,806 755 1,772
Accounts Payable, Accrued Expenses, and Other Liabilities 8,792 2,260 (9,632) (21,007)
Lease Liabilities (610) (578) (1,211) (1,186)
Purchases of Equity Securities (21,768) (8,659) (32,660) (18,138)
Proceeds from Equity Securities 4,326 8,447 15,118 14,206
Net Cash Provided by/ (Used in) Operating Activities 21,457 16,880 25,559 6,997
INVESTING ACTIVITIES        
Purchases of Investments (1,820) (2,063) (7,610) (23,653)
Proceeds from Sale of Investments 5,730 1,260 8,434 46,995
Payments from/ (to) Related Parties 79 (17) (768) (903)
Purchases of Property and Equipment     (12) (33)
Net Cash Provided by/ (Used in) Investing Activities 3,989 (820) 44 22,406
FINANCING ACTIVITIES        
Repurchase and Retirement of Class A Common Stock (1,047) (1,396) (3,437) (7,044)
Repurchase and Retirement of Class B Units (32)   (122) (565)
Sale of Shares under Equity Incentive Plan 55 291 222 2,193
Distributions to Non-Controlling Interests (13,931) (1,899) (43,656) (35,226)
Contributions from Non-Controlling Interests 13,835 68 14,138 709
Dividends Paid (513) (517) (4,815) (8,689)
Net Cash Provided by/ (Used in) Financing Activities (1,633) (3,453) (37,670) (48,622)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 23,813 12,607 (12,067) (19,219)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of Period 30,704 21,567 66,584 53,516
Effect of (Deconsolidation)/ Consolidation of Affiliates       (123)
Net Change in Cash, Cash Equivalents and Restricted Cash 23,813 12,607 (12,067) (19,219)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of Period 54,517 34,174 54,517 34,174
Supplementary Cash Flow Information:        
Unit Conversion 265   265  
Issuances of Shares under Equity Incentive Plan     3,822 3,842
Income Taxes Paid $ 200 $ 17 $ 321 $ 115