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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues:      
Total revenues $ 268,403 $ 274,116 $ 228,295
Operating Expenses:      
Compensation and benefits 80,761 74,515 81,493
Fund management and administration 61,502 56,686 42,144
Marketing and advertising 12,163 13,884 14,402
Sales and business development 18,276 17,153 13,811
Contractual gold payments (Note 12) 13,226 8,512  
Professional and consulting fees 5,641 7,984 5,254
Occupancy, communications and equipment 6,302 6,203 5,415
Depreciation and amortization 1,045 1,301 1,395
Third-party distribution fees 6,968 6,611 3,393
Acquisition and disposition-related costs (Note 3) 902 11,454 4,832
Other 8,083 8,534 7,068
Total expenses 214,869 212,837 179,207
Operating income 53,534 61,279 49,088
Other Income/(Expenses):      
Interest expense (11,240) (7,962)  
(Loss)/gain on revaluation of deferred consideration – gold payments (Note 12) [1] (11,293) 12,220  
Interest income 3,332 3,093 2,861
Impairments (Note 26) (30,710) (17,386)  
Settlement gain (Note 10)     6,909
Other losses, net (3,502) (205) (666)
Income before income taxes 121 51,039 58,192
Income tax expense 10,546 14,406 30,993
Net (loss)/income $ (10,425) $ 36,633 $ 27,199
(Loss)/earnings per share—basic (Note 22) $ (0.08) $ 0.23 $ 0.20
(Loss)/earnings per share—diluted (Note 22) $ (0.08) $ 0.23 $ 0.20
Weighted-average common shares—basic (Note 22) 151,823 146,645 134,614
Weighted-average common shares—diluted (Note 22) 151,823 [2] 158,415 136,003
Cash dividends declared per common share $ 0.12 $ 0.12 $ 0.32
Advisory Fees [Member]      
Operating Revenues:      
Total revenues $ 265,652 $ 271,104 $ 226,692
Other Income [Member]      
Operating Revenues:      
Total revenues $ 2,751 $ 3,012 $ 1,603
[1] (Losses)/gains arise due to increases/(decreases) in the forward-looking price of gold and the magnitude of any gain or loss is highly correlated to the magnitude of the change in the forward-looking price of gold. See Note 5 for a reconciliation of changes in the deferred consideration balances
[2] Excludes participating securities and potentially dilutive common stock equivalents as the Company reported a net loss for the period.