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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income (loss) $ 50,758 $ 70,795
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense, intangible asset and other amortization 40,190 31,896
Stock-based compensation 16,119 13,543
Equity in earnings of equity method investments (2,244) (2,127)
Distributions from equity method investments 3,672 3,492
Change in fair value of contingent consideration (3,998) (3,014)
Deferred taxes, net 2,328 3,434
Changes in operating assets and liabilities:    
Sales (purchases) of investments, net 23,843 3,834
Accounts receivable, net and other assets 5,877 9,460
Accrued compensation and benefits, accounts payable, accrued liabilities and other liabilities (90,787) (103,610)
Operating activities of consolidated investment products ("CIP"):    
Net cash provided by (used in) operating activities 93,325 71,970
Cash Flows from Investing Activities:    
Capital expenditures (3,695) (4,534)
Acquisition of business, net of cash acquired of $2.7 million (196,110) 0
Net cash provided by (used in) investing activities (199,805) (4,012)
Cash Flows from Financing Activities:    
Borrowings on credit agreement 50,000 0
Repayments on credit agreement (22,000) (1,375)
Common stock dividends paid (34,156) (32,967)
Repurchase of common shares (20,467) (50,000)
Payment of contingent consideration (21,861) (23,140)
Taxes paid related to net share settlement of restricted stock units (5,523) (6,965)
Investment management subsidiary equity sales (purchases) 0 (1,053)
Net contributions from (distributions to) noncontrolling interests (227) 15,300
Financing activities of CIP:    
Net cash provided by (used in) financing activities (84,428) (226,525)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (340) 1,594
Net increase (decrease) in cash, cash equivalents and restricted cash (191,248) (156,973)
Cash, cash equivalents and restricted cash, beginning of period 478,186 400,309
Cash, cash equivalents and restricted cash, end of period 286,938 243,336
Non-Cash Investing and Financing Activities:    
Contingent consideration 109,420 0
Common stock dividends payable 15,894 15,183
Reconciliation of cash, cash equivalents and restricted cash    
Cash, cash equivalents and restricted cash at end of period 286,938 243,336
Consolidated Entity excluding Consolidated Investment Products    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized and unrealized (gains) losses on investments of CIP, net (5,326) (2,987)
Operating activities of consolidated investment products ("CIP"):    
Realized and unrealized (gains) losses on investments of CIP, net (5,326) (2,987)
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 176,229  
Consolidated Investment Products    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Realized and unrealized (gains) losses on investments of CIP, net (2,907) 6,903
Operating activities of consolidated investment products ("CIP"):    
Realized and unrealized (gains) losses on investments of CIP, net (2,907) 6,903
Purchases of investments by CIP (677,371) (538,448)
Sales of investments by CIP 740,428 581,278
Net proceeds (purchases) of short-term investments and securities sold short by CIP 3 (120)
Change in other assets and liabilities of CIP (7,260) (2,359)
Cash Flows from Investing Activities:    
Change in cash and cash equivalents of CIP due to consolidation (deconsolidation), net 0 522
Financing activities of CIP:    
Payments on borrowings by CIP (399,440) (126,325)
Borrowings by CIP 369,246 0
Non-Cash Investing and Financing Activities:    
Increase (decrease) to noncontrolling interests due to consolidation (deconsolidation) of CIP, net 0 $ (166)
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 109,621  
Cash pledged or on deposit of CIP $ 1,088