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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Other revenue $ 0.0 $ 1.3
Total revenue 112.2 109.7
Operating expenses:    
Compensation and benefits 46.8 52.6
General and administrative expense 16.9 19.1
Depreciation and amortization 5.3 5.5
Amortization of acquired intangibles 0.0 0.0
Total operating expenses 69.0 77.2
Operating income 43.2 32.5
Non-operating income and (expense):    
Investment income (loss) (0.1) 2.6
Interest income 0.0 0.0
Interest expense (6.5) (6.2)
Loss on extinguishment of debt (3.2) 0.0
Loss on sale of subsidiary 0.0 (1.3)
Total non-operating income (loss) (9.8) (4.9)
Income from continuing operations before taxes 33.4 27.6
Income tax expense 9.6 9.1
Income from continuing operations 23.8 18.5
Income from discontinued operations, net of tax 0.0 21.9
Net income 23.8 40.4
Net income attributable to non-controlling interests in consolidated Funds 0.0 13.4
Net income attributable to controlling interests $ 23.8 $ 27.0
Earnings per share (basic) attributable to controlling interests (in dollars per share) $ 0.54 $ 0.34
Earnings per share (diluted) attributable to controlling interests (in dollars per share) 0.53 0.33
Continuing operations earnings per share (basic) attributable to controlling interests (in dollars per share) 0.54 0.23
Continuing operations earnings per share (diluted) attributable to controlling interests (in dollars per share) $ 0.53 $ 0.22
Weighted average common stock outstanding (in shares) 43,969,713 79,319,556
Weighted average diluted common stock outstanding (in shares) 45,327,390 82,320,668
Management fees    
Revenue:    
Revenue $ 102.2 $ 103.8
Performance fees    
Revenue:    
Revenue $ 10.0 $ 4.6