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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 8,824 $ 9,424
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Advisory fees received in gold and other precious metals (11,389)  
Gain on revaluation of deferred consideration (4,404)  
Contractual gold payments 3,098  
Stock-based compensation 3,072 3,309
Deferred income taxes 3,048 (136)
Amortization of right of use asset 798  
Amortization of credit facility issuance costs 711  
Paid-in-kind interest income (Note 8) (595) (416)
Impairment 572  
Depreciation and amortization 269 355
Other 3 661
Changes in operating assets and liabilities:    
Securities owned, at fair value 2,454 1,106
Accounts receivable (1,939) 606
Income taxes receivable/payable (604) 4,297
Prepaid expenses 419 (360)
Gold and other precious metals 7,975  
Other assets 182 160
Fund management and administration payable 4,274 (1,744)
Compensation and benefits payable (9,250) (22,003)
Securities sold, but not yet purchased, at fair value (360) (950)
Operating lease liabilities (881)  
Accounts payable and other liabilities 1,575 855
Net cash provided by/(used in) operating activities 7,852 (4,836)
Cash flows from investing activities:    
Purchase of fixed assets (7) (17)
Proceeds from held-to-maturity securities maturing or called prior to maturity 18 32
Proceeds from sales and maturities of debt securities available-for-sale   60,498
Net cash provided by investing activities 11 60,513
Cash flows from financing activities:    
Dividends paid (5,097) (4,132)
Shares repurchased (2,005) (734)
Proceeds from exercise of stock options 14 54
Net cash used in financing activities (7,088) (4,812)
Increase in cash flow due to changes in foreign exchange rate 383 593
Net increase in cash and cash equivalents 1,158 51,458
Cash and cash equivalents—beginning of period 77,784 54,193
Cash and cash equivalents—end of period 78,942 105,651
Supplemental disclosure of cash flow information:    
Cash paid for taxes 707 $ 339
Cash paid for interest $ 2,224