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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Revenue $ 205.9 $ 226.4 $ 413.4 $ 471.4
Total revenue 207.1 233.9 414.3 483.6
Operating expenses:        
Total operating expenses 160.5 218.6 299.7 442.7
Operating income 46.6 15.3 114.6 40.9
Non-operating income and (expense):        
Total non-operating income (loss) (10.9) (9.2) 3.8 48.7
Income from continuing operations before taxes 35.7 6.1 118.4 89.6
Income tax expense 14.1 3.6 35.7 32.3
Income from continuing operations 21.6 2.5 82.7 57.3
Gain (loss) on disposal of discontinued operations, net of tax 0.0 0.0 0.0 0.0
Net income 21.6 2.5 82.7 57.3
Net income attributable to controlling interests $ 28.0 $ 2.1 $ 80.7 $ 59.4
Earnings per share (basic) attributable to controlling interests (in dollars per share) $ 0.31 $ 0.02 $ 0.85 $ 0.54
Earnings per share (diluted) attributable to controlling interests (in dollars per share) 0.31 0.02 0.85 0.54
Continuing operations earnings per share (basic) attributable to controlling interests (in dollars per share) 0.31 0.02 0.85 0.54
Continuing operations earnings per share (diluted) attributable to controlling interests (in dollars per share) $ 0.31 $ 0.02 $ 0.85 $ 0.54
Weighted average ordinary shares outstanding (in shares) 91,457,301 108,445,541 94,550,527 108,918,328
Weighted average diluted ordinary shares outstanding (in shares) 91,495,633 108,621,121 94,669,475 109,104,247
Investments in unconsolidated Funds        
Revenue:        
Other revenue $ 1.5 $ 3.3 $ 2.9 $ 5.8
Operating expenses:        
Compensation and benefits 123.7 183.4 224.8 372.6
General and administrative expense 31.1 29.8 63.6 59.3
Amortization of acquired intangibles 1.7 1.7 3.3 3.3
Depreciation and other amortization 4.0 3.5 7.8 6.9
Non-operating income and (expense):        
Investment income 2.1 (0.4) 9.1 65.7
Interest income 0.3 0.6 1.4 1.1
Interest expense (8.8) (6.1) (15.8) (12.4)
Gain (loss) on disposal of discontinued operations, net of tax     0.0 0.0
Consolidated Funds        
Revenue:        
Total revenue 1.9 1.2 3.0 1.4
Operating expenses:        
Total operating expenses 0.0 0.2 0.2 0.6
Non-operating income and (expense):        
Net consolidated Funds’ investment gains (losses) (4.5) (3.3) 9.1 (5.7)
Net income (loss) attributable to non-controlling interests in consolidated Funds (6.4) 0.4 2.0 (2.1)
Management fees | Investments in unconsolidated Funds        
Revenue:        
Revenue 205.9 226.4 413.4 471.4
Performance fees | Investments in unconsolidated Funds        
Revenue:        
Revenue $ (2.2) $ 3.0 $ (5.0) $ 5.0