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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Total revenue $ 230,019 $ 212,949
Expenses    
Personnel compensation and benefits 64,901 59,006
Distribution and other asset-based expenses 43,584 42,103
General and administrative 12,762 13,310
Depreciation and amortization 10,607 4,385
Change in value of consideration payable for acquisition of business (3,500) 2,500
Acquisition-related costs 117 (164)
Restructuring and integration costs 9 2,053
Total operating expenses 128,480 123,193
Income from operations 101,539 89,756
Other income (expense)    
Interest income and other income (expense) (207) 2,734
Interest expense and other financing costs (9,233) (6,845)
Loss on debt extinguishment (1,555) (2,781)
Total other income (expense), net (10,995) (6,892)
Income before income taxes 90,544 82,864
Income tax expense (19,271) (17,662)
Net income $ 71,273 $ 65,202
Earnings per share of common stock    
Basic $ 1.04 $ 0.96
Diluted $ 0.97 $ 0.88
Weighted average number of shares outstanding    
Basic 68,747 67,761
Diluted 73,652 74,108
Dividends declared per share of common stock $ 0.25 $ 0.09
Investment Management Fees    
Revenue    
Total revenue $ 179,465 $ 160,284
Fund Administration and Distribution Fees    
Revenue    
Total revenue $ 50,554 $ 52,665