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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Consolidated Entity Excluding Consolidated Funds
Common stock
Consolidated Entity Excluding Consolidated Funds
Additional paid-in capital
Consolidated Entity Excluding Consolidated Funds
Retained earnings (deficit)
Consolidated Entity Excluding Consolidated Funds
Accumulated other comprehensive income (loss)
Consolidated Entity Excluding Consolidated Funds
Total shareholders’ equity
Consolidated Entity Excluding Consolidated Funds
Non- controlling interests
Consolidated Funds
Consolidated Funds
Non- controlling interests
Beginning balance (in shares) at Dec. 31, 2018   105,200,000              
Beginning balance at Dec. 31, 2018 $ 134.2 $ 0.1 $ 764.6 $ (640.5) $ (20.9) $ 103.3 $ 1.6   $ 29.3
Increase (Decrease) in Stockholders' Equity                  
Issuance of common stock (in shares)   200,000              
Repurchase of common stock (in shares) (19,479,945) (19,500,000)              
Repurchase of common stock $ (236.5)   (236.5)     (236.5)      
Capital contributions 9.2               9.2
Equity-based compensation 6.2   6.2     6.2      
Foreign currency translation adjustment 1.0       1.0 1.0      
Amortization related to derivative securities, net of tax 2.4       2.4 2.4      
Other changes in non-controlling interests (0.3)           (0.3)    
Dividends (35.9)     (35.9)   (35.9)      
Net income 234.2     223.9   223.9     10.3
Ending balance (in shares) at Dec. 31, 2019   85,900,000              
Ending balance at Dec. 31, 2019 114.5 $ 0.1 534.3 (452.5) (17.5) 64.4 1.3   48.8
Beginning balance at Dec. 31, 2018               $ 41.9  
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                  
Capital contributions               36.2  
Net income               5.8  
Ending balance at Dec. 31, 2019               83.9  
Beginning balance at Dec. 31, 2018 176.1                
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                  
Issuance of common stock 0.0                
Repurchase of common stock (236.5)                
Capital contributions 45.4                
Equity-based compensation 6.2                
Foreign currency translation adjustment 1.0                
Amortization related to derivative securities, net of tax 2.4                
Other changes in non-controlling interests 0.3                
Dividends (35.9)                
Net income 240.0                
Ending balance at Dec. 31, 2019 198.4                
Increase (Decrease) in Stockholders' Equity                  
Issuance of common stock (in shares)   100,000              
Issuance of common stock $ 0.2   0.2     0.2      
Retirement of common stock   (200,000)              
Repurchase of common stock (in shares) (6,412,663) (6,400,000)              
Repurchase of common stock $ (46.0)   (46.0)     (46.0)      
Capital contributions 3.1               3.1
Equity-based compensation 2.5   2.5     2.5      
Foreign currency translation adjustment 1.6       1.6 1.6      
Amortization related to derivative securities, net of tax 2.3       2.3 2.3      
Other changes in non-controlling interests 0.4           0.4    
Other movements 1.4   1.4     1.4      
Dividends (10.7)     (10.7)   (10.7)      
Net income 315.1     286.7   286.7     28.4
Ending balance (in shares) at Dec. 31, 2020   79,400,000              
Ending balance at Dec. 31, 2020 384.4 $ 0.1 492.4 (176.5) (13.6) 302.4 1.7   80.3
Increase (Decrease) in redeemable non-controlling interest in consolidated Funds                  
Capital contributions               151.7  
Net consolidation (de-consolidation) of Funds               (236.0)  
Net income 0.4                
Ending balance at Dec. 31, 2020               0.0  
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                  
Issuance of common stock 0.2                
Repurchase of common stock (46.0)                
Capital contributions 154.8                
Equity-based compensation 2.5                
Foreign currency translation adjustment 1.6                
Amortization related to derivative securities, net of tax 2.3                
Other changes in non-controlling interests 0.4                
Other changes in non-controlling interests 1.4                
Net de-consolidation of Funds (236.0)                
Dividends (10.7)                
Net income 315.5                
Ending balance at Dec. 31, 2020 384.4                
Increase (Decrease) in Stockholders' Equity                  
Issuance of common stock (in shares)   1,600,000              
Issuance of common stock $ 2.7   2.7     2.7      
Repurchase of common stock (in shares) 0 (35,600,000)              
Repurchase of common stock $ (1,121.7) $ (0.1) (465.7) (655.9)   (1,121.7)      
Capital contributions 33.5           3.8   29.7
Equity-based compensation 1.9   1.9     1.9      
Foreign currency translation adjustment 0.4       0.4 0.4      
Amortization related to derivative securities, net of tax 2.4       2.4 2.4      
Withholding tax related to stock option exercise (31.3)   (31.3)     (31.3)      
Other changes in non-controlling interests (5.5)           (5.5)    
Dividends (2.8)     (2.8)   (2.8)      
Net income 896.4     828.4   828.4     68.0
Ending balance (in shares) at Dec. 31, 2021   45,400,000              
Ending balance at Dec. 31, 2021 (17.6) $ 0.0 $ 0.0 $ (6.8) $ (10.8) $ (17.6) $ 0.0   0.0
Ending balance at Dec. 31, 2021               $ 0.0  
Increase (Decrease) in total equity and redeemable non-controlling interest in consolidated Funds                  
Issuance of common stock 2.7                
Repurchase of common stock (1,121.7)                
Capital contributions 33.5                
Equity-based compensation 1.9                
Foreign currency translation adjustment 0.4                
Amortization related to derivative securities, net of tax 2.4                
Other changes in non-controlling interests (5.5)                
Net de-consolidation of Funds (178.0)               $ (178.0)
Dividends (2.8)                
Net income 896.4                
Ending balance at Dec. 31, 2021 $ (17.6)