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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Investment management fees $ 71,792 $ 57,777
Distribution and service fees 22,438 17,361
Administration and transfer agent fees 13,073 10,695
Other income and fees 568 335
Total revenues 107,871 86,168
Operating Expenses    
Employment expenses 35,029 32,411
Distribution and administration expenses 27,737 21,628
Other operating expenses 10,534 8,957
Other operating expenses of consolidated sponsored investment products 331 184
Restructuring and severance 0 203
Depreciation and other amortization 657 575
Amortization expense 957 1,110
Total operating expenses 75,245 65,068
Operating Income 32,626 21,100
Other Income (Expense)    
Realized and unrealized gain on investments, net 1,846 825
Realized and unrealized gain on investments of consolidated sponsored investment products, net 36 372
Other income (expense), net 151 (18)
Total other income, net 2,033 1,179
Interest Income (Expense)    
Interest expense (138) (221)
Interest and dividend income 383 97
Interest and dividend income of investments of consolidated sponsored investment products 873 480
Total interest income, net 1,118 356
Income Before Income Taxes 35,777 22,635
Income tax expense 14,010 8,450
Net Income 21,767 14,185
Noncontrolling interests 171 (225)
Net Income Attributable to Common Stockholders $ 21,938 $ 13,960
Earnings per share-Basic $ 2.41 $ 1.79
Earnings per share-Diluted $ 2.34 $ 1.73
Weighted Average Shares Outstanding-Basic (in thousands) 9,116 7,820
Weighted Average Shares Outstanding-Diluted (in thousands) 9,361 8,088