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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenues $ 130,718 $ 129,028
Operating Expenses    
Employment expenses 60,851 60,696
Distribution and other asset-based expenses 19,764 22,291
Other operating expenses 18,723 16,862
Restructuring and severance 1,176 0
Depreciation and other amortization 1,213 1,015
Amortization expense 7,541 5,036
Total operating expenses 109,719 106,411
Operating Income (Loss) 20,999 22,617
Other Income (Expense)    
Other income (expense), net 450 1,319
Total other income (expense), net 1,962 4,016
Interest Income (Expense)    
Total interest income (expense), net 3,726 3,717
Income (Loss) Before Income Taxes 26,687 30,350
Income tax expense (benefit) 4,219 6,523
Net Income (Loss) 22,468 23,827
Noncontrolling interests (722) (527)
Net Income (Loss) Attributable to Stockholders 21,746 23,300
Preferred stockholder dividends (2,084) (2,084)
Net Income (Loss) Attributable to Common Stockholders $ 19,662 $ 21,216
Earnings (Loss) per share—Basic (in $ per share) $ 2.80 $ 2.95
Earnings (Loss) per Share—Diluted (in $ per share) 2.61 2.77
Cash Dividends Declared per Preferred Share (in $ per share) 1.8125 1.8125
Cash Dividends Declared per Common Share (in $ per share) $ 0.55 $ 0.45
Weighted Average Shares Outstanding—Basic (in shares) 7,015 7,197
Weighted Average Shares Outstanding—Diluted (in shares) 8,322 8,411
Consolidated investment products    
Operating Expenses    
Total operating expenses $ 451 $ 511
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (1,921) 2,259
Interest Income (Expense)    
Interest expense (19,701) (14,549)
Interest and dividend income 27,402 21,403
Consolidated entity excluding consolidated investment products    
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 3,433 438
Interest Income (Expense)    
Interest expense (5,165) (3,858)
Interest and dividend income 1,190 721
Investment management fees    
Revenues    
Revenues 105,918 100,476
Distribution and service fees    
Revenues    
Revenues 10,063 12,607
Administration and shareholder service fees    
Revenues    
Revenues 14,413 15,738
Other income and fees    
Revenues    
Revenues $ 324 $ 207