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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues:        
Total revenues $ 72,414 $ 78,112 $ 228,035 $ 225,143
Operating Expenses:        
Compensation and benefits 23,714 22,027 73,066 64,985
Fund management and administration 16,285 15,181 47,855 43,495
Marketing and advertising 3,145 2,925 11,062 9,525
Sales and business development 2,724 2,935 8,464 7,239
Contractual gold payments (Note 9) 4,105 4,250 13,001 12,834
Professional fees 2,367 1,583 11,134 5,517
Occupancy, communications and equipment 986 1,163 2,788 3,904
Depreciation and amortization 58 185 158 693
Third-party distribution fees 1,833 1,873 5,863 5,346
Other 2,324 1,787 6,278 5,110
Total operating expenses 57,541 53,909 179,669 158,648
Operating income 14,873 24,203 48,366 66,495
Other Income/(Expenses):        
Interest expense (3,734) (3,729) (11,199) (8,592)
Gain on revaluation of deferred consideration—gold payments (Note 9) 77,895 1,737 63,188 5,066
Interest income 811 689 2,375 1,145
Impairments (Notes 8, 12 and 23) 0 (15,853) 0 (16,156)
Other losses, net (5,289) (714) (34,470) (6,558)
Income before income taxes 84,556 6,333 68,260 41,400
Income tax expense/(benefit) 3,327 500 (10,713) 2,790
Net income $ 81,229 $ 5,833 $ 78,973 $ 38,610
Earnings per share—basic $ 0.5 $ 0.04 $ 0.49 $ 0.24
Earnings per share—diluted $ 0.5 $ 0.04 $ 0.49 $ 0.24
Weighted-average common shares—basic 143,120 142,070 142,984 144,445
Weighted-average common shares—diluted 158,953 159,213 158,741 161,706
Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.09 $ 0.09
Advisory Fees [Member]        
Operating Revenues:        
Total revenues $ 70,616 $ 76,400 $ 222,719 $ 220,611
Other Income [Member]        
Operating Revenues:        
Total revenues $ 1,798 $ 1,712 $ 5,316 $ 4,532