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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Investment management fees $ 74,537 $ 64,475 $ 146,329 $ 122,252
Distribution and service fees 23,940 19,324 46,378 36,685
Administration and transfer agent fees 13,942 12,061 27,015 22,756
Other income and fees 330 280 898 615
Total revenues 112,749 96,140 220,620 182,308
Operating Expenses        
Employment expenses 35,481 32,878 70,510 65,289
Distribution and administration expenses 39,222 24,252 66,959 45,880
Other operating expenses 13,130 10,283 23,664 19,240
Other operating expenses of consolidated sponsored investment products 797 132 1,128 316
Restructuring and severance       203
Depreciation and other amortization 670 597 1,327 1,172
Amortization expense 947 1,116 1,904 2,226
Total operating expenses 90,247 69,258 165,492 134,326
Operating Income 22,502 26,882 55,128 47,982
Other Income (Expense)        
Realized and unrealized gain (loss) on investments, net 905 (223) 2,751 602
Realized and unrealized gain (loss) on investments of consolidated sponsored investment products, net 6,444 (3,156) 6,480 (2,784)
Other income (expense), net 189 (11) 340 (29)
Total other income (expense), net 7,538 (3,390) 9,571 (2,211)
Interest Income (Expense)        
Interest expense (125) (206) (263) (427)
Interest and dividend income 344 203 727 300
Interest and dividend income of investments of consolidated sponsored investment products 1,639 612 2,512 1,092
Total interest income, net 1,858 609 2,976 965
Income Before Income Taxes 31,898 24,101 67,675 46,736
Income tax expense 12,106 9,318 26,116 17,768
Net Income 19,792 14,783 41,559 28,968
Noncontrolling interests (249) 602 (78) 377
Net Income Attributable to Common Stockholders $ 19,543 $ 15,385 $ 41,481 $ 29,345
Earnings per share-Basic $ 2.14 $ 1.97 $ 4.55 $ 3.75
Earnings per share-Diluted $ 2.10 $ 1.91 $ 4.44 $ 3.64
Cash dividends declared per share $ 0.45 $ 0.00 $ 0.45 $ 0.00
Weighted Average Shares Outstanding-Basic (in thousands) 9,133 7,821 9,125 7,821
Weighted Average Shares Outstanding-Diluted (in thousands) 9,325 8,058 9,343 8,073