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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Revenues $ 129,028 $ 79,776
Operating Expenses    
Employment expenses 60,696 39,641
Distribution and other asset-based expenses 22,291 15,323
Other operating expenses 16,862 13,226
Depreciation and other amortization 1,015 664
Amortization expense 5,036 233
Total operating expenses 106,411 69,729
Operating Income (Loss) 22,617 10,047
Other Income (Expense)    
Other income (expense), net 1,319 646
Total other income (expense), net 4,016 5,387
Interest Income (Expense)    
Total interest income (expense), net 3,717 2,744
Income (Loss) Before Income Taxes 30,350 18,178
Income tax expense (benefit) 6,523 4,433
Net Income (Loss) 23,827 13,745
Noncontrolling interests (527) (718)
Net Income (Loss) Attributable to Stockholders 23,300 13,027
Preferred stockholder dividends (2,084) (2,084)
Net Income (Loss) Attributable to Common Stockholders $ 21,216 $ 10,943
Earnings (Loss) per share—Basic (in $ per share) $ 2.95 $ 1.67
Earnings (Loss) per Share—Diluted (in $ per share) 2.77 1.62
Cash Dividends Declared per Preferred Share (in $ per share) 1.8125 1.8125
Cash Dividends Declared per Common Share (in $ per share) $ 0.45 $ 0.45
Weighted Average Shares Outstanding—Basic (in shares) 7,197 6,542
Weighted Average Shares Outstanding—Diluted (in shares) 8,411 6,773
Consolidated investment products    
Operating Expenses    
Total operating expenses $ 511 $ 642
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 2,259 4,444
Interest Income (Expense)    
Interest expense (14,549) (2,857)
Interest and dividend income 21,403 5,656
Consolidated entity excluding consolidated investment products    
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 438 297
Interest Income (Expense)    
Interest expense (3,858) (243)
Interest and dividend income 721 188
Investment management fees    
Revenues    
Revenues 100,476 59,271
Distribution and service fees    
Revenues    
Revenues 12,607 10,783
Administration and shareholder service fees    
Revenues    
Revenues 15,738 8,981
Other income and fees    
Revenues    
Revenues $ 207 $ 741