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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues:        
Total revenues $ 66,293 $ 74,775 $ 131,778 $ 133,679
Operating Expenses:        
Compensation and benefits 21,300 19,301 42,601 38,133
Fund management and administration 15,576 14,621 30,742 25,533
Marketing and advertising 2,910 3,778 5,590 6,973
Sales and business development 4,171 4,503 8,593 8,316
Contractual gold payments (Note 11) 3,110 2,715 6,208 2,715
Professional and consulting fees 1,296 1,560 2,778 3,196
Occupancy, communications and equipment 1,548 1,574 3,166 2,937
Depreciation and amortization 264 337 533 692
Third-party distribution fees 1,919 1,666 4,319 3,391
Acquisition-related costs (Note 3) 33 7,928 346 9,990
Other 2,255 2,261 4,308 4,051
Total expenses 54,382 60,244 109,184 105,927
Operating income 11,911 14,531 22,594 27,752
Other Income/(Expenses):        
Interest expense (2,910) (2,356) (5,802) (2,356)
(Loss)/gain on revaluation of deferred consideration – gold payments (Note 11) (4,037) 9,898 367 9,898
Interest income 818 612 1,597 1,574
Impairment (Note 14)     (572)  
Other gains and losses, net 284 (501) (4,343) (762)
Income before income taxes 6,066 22,184 13,841 36,106
Income tax expense 3,587 5,460 2,538 9,958
Net income $ 2,479 $ 16,724 $ 11,303 $ 26,148
Earnings per share—basic $ 0.01 $ 0.10 $ 0.07 $ 0.17
Earnings per share—diluted $ 0.01 $ 0.10 $ 0.07 $ 0.17
Weighted-average common shares—basic 151,818 149,056 151,722 142,230
Weighted-average common shares—diluted 167,249 163,346 166,855 149,979
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.06 $ 0.06
Advisory Fees [Member]        
Operating Revenues:        
Total revenues $ 65,627 $ 73,778 $ 130,467 $ 132,234
Other Income [Member]        
Operating Revenues:        
Total revenues $ 666 $ 997 $ 1,311 $ 1,445