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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues:    
Total revenues $ 72,830 $ 63,874
Operating Expenses:    
Compensation and benefits 22,627 17,295
Fund management and administration 15,521 14,485
Marketing and advertising 3,006 2,468
Sales and business development 2,145 3,417
Contractual gold payments (Note 9) 4,270 3,760
Professional fees 2,013 1,273
Occupancy, communications and equipment 1,475 1,551
Depreciation and amortization 252 256
Third-party distribution fees 1,343 1,355
Acquisition and disposition-related costs   383
Other 1,571 1,997
Total operating expenses 54,223 48,240
Operating income 18,607 15,634
Other Income/(Expenses):    
Interest expense (2,296) (2,419)
Gain/(loss) on revaluation of deferred consideration – gold payments (Note 9) 2,832 (2,208)
Interest income 231 163
Impairments (Notes 12 and 22) (303) (19,672)
Other losses, net (5,893) (2,507)
Income/(loss) before income taxes 13,178 (11,009)
Income tax benefit (1,969) (2,371)
Net income/(loss) $ 15,147 $ (8,638)
Earnings/(loss) per share – basic (Note 18) $ 0.09 $ (0.06)
Earnings/(loss) per share – diluted (Note 18) $ 0.09 $ (0.06)
Weighted-average common shares – basic (Note 18) 145,649 152,519
Weighted-average common shares – diluted (Note 18) [1] 161,831 152,519
Cash dividends declared per common share $ 0.03 $ 0.03
Advisory Fees [Member]    
Operating Revenues:    
Total revenues $ 71,616 $ 62,950
Other Income [Member]    
Operating Revenues:    
Total revenues $ 1,214 $ 924
[1] Excludes 15,025 participating securities and 16 potentially dilutive non-participating common stock equivalents for the three months ended March 31, 2020 as the Company reported a net loss for the period (shares herein are reported in thousands).