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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities:    
Net income $ 13,817 $ 7,533
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and other amortization 759 974
Intangible asset amortization 1,985 2,057
Stock-based compensation 3,750 2,518
Amortization of deferred commissions 5,561 3,609
Payments of deferred commissions (5,336) (6,546)
Equity in earnings of affiliates, net of dividends   223
Realized and unrealized gains on trading securities (1,010) (839)
Sale(purchase) of trading securities, net 862 (3,933)
Deferred income taxes 9,055  
Changes in operating assets and liabilities:    
Accounts receivable (5,601) (3,642)
Prepaid expenses and other assets (255) (522)
Accounts payable and accrued liabilities (9,426) (691)
Other liabilities 2,005 (685)
Net cash provided by operating activities 16,166 56
Cash Flows from Investing Activities:    
Capital expenditures (2,337) (373)
Purchase of investment management contracts   (141)
Purchase of available-for-sale securities (187) (178)
Net cash used in investing activities (2,524) (692)
Cash Flows from Financing Activities:    
Contingent consideration paid for acquired investment management contracts (350) (374)
Preferred stockholder dividends paid   (1,408)
Repurchase of common shares   (4,820)
Proceeds from exercise of stock options 1,334 410
Taxes paid related to net share settlement of restricted stock units (11,208) (485)
Net cash used in financing activities (10,224) (6,677)
Net increase (decrease) in cash and cash equivalents 3,418 (7,313)
Cash and cash equivalents, beginning of period 45,267 43,948
Cash and Cash Equivalents, end of period 48,685 36,635
Non-cash Financing Activities:    
Preferred stock conversion $ 35,217 $ 0