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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Total revenue $ 523.8 $ 499.5 $ 594.6
Operating expenses:      
Impairment of goodwill 0.0 16.4  
Depreciation and amortization 22.1    
Total operating expenses 378.0 367.8 372.4
Operating income 145.8 131.7 222.2
Non-operating income and (expense):      
Gain on sale of subsidiaries 48.6 241.3  
Total non-operating income 32.3 213.1 (9.0)
Income from continuing operations before taxes 178.1 344.8 213.2
Income tax expense 50.0 97.1 10.5
Income from continuing operations 128.1 247.7 202.7
Income from discontinued operations, net of tax 77.3 67.8 37.3
Gain on disposal of discontinued operations, net of tax 691.0 0.0 0.0
Net income 896.4 315.5 240.0
Net income attributable to non-controlling interests in consolidated Funds 68.0 28.8 16.1
Net income attributable to controlling interests $ 828.4 $ 286.7 $ 223.9
Earnings per share (basic) attributable to controlling interests (in dollars per share) $ 10.73 $ 3.53 $ 2.45
Earnings per share (diluted) attributable to controlling interests (in dollars per share) 10.29 3.49 2.45
Continuing operations earnings per share (basic) attributable to controlling interests (in dollars per share) 1.66 3.04 2.16
Continuing operations earnings per share (diluted) attributable to controlling interests (in dollars per share) $ 1.59 $ 3.01 $ 2.16
Weighted average shares outstanding (in shares) 77,213,010 81,259,778 91,205,412
Weighted average diluted shares outstanding (in shares) 80,485,924 82,036,203 91,268,952
Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Other revenue $ 5.7 $ 7.3 $ 6.0
Operating expenses:      
Compensation and benefits 284.6 243.1 248.6
General and administrative expense 71.2 88.0 107.1
Impairment of goodwill 0.0 16.4 0.0
Amortization of acquired intangibles 0.1 0.3 0.2
Depreciation and amortization 22.1 19.8 16.2
Non-operating income and (expense):      
Investment income 8.3 4.9 16.8
Interest income 0.2 0.6 2.2
Interest expense (24.8) (28.5) (32.2)
Gain on sale of subsidiaries 48.6 241.3 0.0
Gain on disposal of discontinued operations, net of tax   0.0  
Consolidated Funds      
Revenue:      
Total revenue 0.0 5.5 6.6
Operating expenses:      
Total operating expenses 0.0 0.2 0.3
Non-operating income and (expense):      
Net consolidated Funds’ investment gains (losses) 0.0 (5.2) 4.2
Income from discontinued operations, net of tax 77.3 67.8 37.3
Net income attributable to non-controlling interests in consolidated Funds 68.0 28.8 16.1
Management fees      
Revenue:      
Management fee revenue 433.3 478.9 582.1
Management fees | Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Management fee revenue 433.3 478.9 582.1
Performance fees | Consolidated Entity Excluding Consolidated Funds      
Revenue:      
Management fee revenue $ 84.8 $ 7.8 $ (0.1)