XML 79 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Revenues $ 144,566 $ 130,718
Operating Expenses    
Employment expenses 66,130 60,851
Distribution and other asset-based expenses 19,409 19,764
Other operating expenses 18,885 18,723
Restructuring and severance 0 1,176
Depreciation expense 1,258 1,213
Amortization expense 7,533 7,541
Total operating expenses 119,964 109,719
Operating Income (Loss) 24,602 20,999
Other Income (Expense)    
Other income (expense), net 612 450
Total other income (expense), net (15,601) 1,962
Interest Income (Expense)    
Total interest income (expense), net 2,296 3,726
Income (Loss) Before Income Taxes 11,297 26,687
Income tax expense (benefit) 10,291 4,219
Net Income (Loss) 1,006 22,468
Noncontrolling interests (5,291) (722)
Net Income (Loss) Attributable to Stockholders (4,285) 21,746
Preferred stockholder dividends 0 (2,084)
Net Income (Loss) Attributable to Common Stockholders $ (4,285) $ 19,662
Earnings (Loss) per share—Basic (in $ per share) $ (0.58) $ 2.80
Earnings (Loss) per Share—Diluted (in $ per share) $ (0.58) $ 2.61
Weighted Average Shares Outstanding—Basic (in shares) 7,422 7,015
Weighted Average Shares Outstanding—Diluted (in shares) 7,422 8,322
Consolidated Investment Products    
Operating Expenses    
Total operating expenses $ 6,749 $ 451
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (8,669) (1,921)
Interest Income (Expense)    
Interest expense (24,486) (19,701)
Interest and dividend income 29,229 27,402
Consolidated entity excluding consolidated investment products    
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (7,544) 3,433
Interest Income (Expense)    
Interest expense (3,199) (5,165)
Interest and dividend income 752 1,190
Investment management fees    
Revenues    
Revenues 120,288 105,918
Distribution and service fees    
Revenues    
Revenues 9,460 10,063
Administration and shareholder service fees    
Revenues    
Revenues 14,653 14,413
Other income and fees    
Revenues    
Revenues $ 165 $ 324