Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income (loss)	$ 17,485	$ 3,563
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Bad debt expense (benefit)	965	(30)
Depreciation and amortization	2,375	2,073
Equity-based compensation	59,978	59,638
Deferred tax provision (benefit)	(7,454)	(3,170)
Other	(171)	86
Changes in assets and liabilities:
Accounts receivable	195	16,328
Accrued and other receivables	(16,525)	(8,807)
Prepaid expenses and other assets	71	(3,870)
Deferred compensation	(25,152)	(19,001)
Compensation payable	(211,139)	(214,005)
Accounts payable, accrued expenses and other liabilities	11,137	16,507
Deferred revenue	1,082	(3,644)
Dividends received	2,155	2,189
Net cash provided by (used in) operating activities	(164,998)	(152,143)
Cash flows from investing activities
Purchases of investments	(22,599)
Proceeds from sales of investments	163,684	171,321
Notes issued to employees	(6,330)
Purchases of equipment and leasehold improvements	(5,366)	(1,104)
Net cash provided by (used in) investing activities	129,389	170,217
Cash flows from financing activities
Payments for dividends and tax distributions	(39,263)	(46,031)
Payments for treasury stock purchases	(8,394)	(44,526)
Net cash provided by (used in) financing activities	(47,657)	(90,557)
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash	(696)	329
Net increase (decrease) in cash, cash equivalents, and restricted cash	(83,962)	(72,154)
Cash, cash equivalents, and restricted cash, beginning of period	187,215	207,539
Cash, cash equivalents, and restricted cash, end of period	103,253	135,385
Cash paid (received) during the period for:
Income taxes, net	595	2,352
Other non-cash activity
Class A Partnership Units or other equity converted into Class A Common Stock	1,047	226
Dividends in kind	6,007	5,711
Non-cash settlement of accounts receivable	261
Forfeiture of fully-vested Group LP units or other equity units	82
Corporate Joint Venture
Changes in assets and liabilities:
Dividends received	$ 2,155	$ 2,189