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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Revenue $ 178.5 $ 207.5
Total revenue 182.6 207.2
Operating expenses:    
Impairment of goodwill 16.4 0.0
Amortization of acquired intangibles 1.6  
Total operating expenses 108.5 139.2
Operating income 74.1 68.0
Non-operating income and (expense):    
Net consolidated Funds’ investment gains (losses) (30.9) 20.6
Total non-operating income (loss) (38.4) 14.7
Income from continuing operations before taxes 35.7 82.7
Income tax expense 13.6 21.6
Income from continuing operations 22.1 61.1
Gain (loss) on disposal of discontinued operations, net of tax 0.0 0.0
Net income 22.1 61.1
Net income (loss) attributable to non-controlling interests in consolidated Funds (10.5) 8.4
Net income attributable to controlling interests $ 32.6 $ 52.7
Earnings per share (basic) attributable to controlling interests (in dollars per share) $ 0.38 $ 0.54
Earnings per share (diluted) attributable to controlling interests (in dollars per share) 0.38 0.54
Continuing operations earnings per share (basic) attributable to controlling interests (in dollars per share) 0.38 0.54
Continuing operations earnings per share (diluted) attributable to controlling interests (in dollars per share) $ 0.38 $ 0.54
Weighted average ordinary shares outstanding (in shares) 85,081,166 97,645,020
Weighted average diluted ordinary shares outstanding (in shares) 85,099,059 97,844,583
Investments in unconsolidated Funds    
Revenue:    
Other revenue $ 1.6 $ 1.4
Operating expenses:    
Compensation and benefits 57.4 101.1
General and administrative expense 27.7 32.5
Impairment of goodwill 16.4 0.0
Amortization of acquired intangibles 1.6 1.6
Depreciation and other amortization 5.3 3.8
Non-operating income and (expense):    
Investment income (loss) (13.7) 7.0
Interest income 0.3 1.1
Interest expense (7.8) (7.0)
Gain (loss) on disposal of discontinued operations, net of tax 0.0 0.0
Consolidated Funds    
Revenue:    
Total revenue 1.5 1.1
Operating expenses:    
Total operating expenses 0.1 0.2
Non-operating income and (expense):    
Net consolidated Funds’ investment gains (losses) (17.2) 13.6
Net income (loss) attributable to non-controlling interests in consolidated Funds (10.5) 8.4
Management fees    
Revenue:    
Revenue 178.5 207.5
Management fees | Investments in unconsolidated Funds    
Revenue:    
Revenue 178.5 207.5
Performance fees | Investments in unconsolidated Funds    
Revenue:    
Revenue $ 1.0 $ (2.8)