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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Investment management fees $ 264,865 $ 300,663 $ 260,557
Distribution and service fees 67,066 91,950 78,965
Administration and transfer agent fees 48,247 56,016 48,185
Other income and fees 1,799 1,969 1,508
Total revenues 381,977 450,598 389,215
Operating Expenses      
Employment expenses 137,095 139,809 131,768
Distribution and other asset-based expenses 89,731 123,665 97,786
Other operating expenses 63,901 46,531 38,321
Restructuring and severance 0 294 203
Depreciation and other amortization 3,443 2,763 2,422
Amortization expense 3,295 3,778 4,413
Total operating expenses 301,599 319,878 275,711
Operating Income 80,378 130,720 113,504
Other Income (Expense)      
Realized and unrealized (loss) gain on investments, net (862) 914 2,350
Other income, net 898 891 74
Total other (expense) income, net (26,650) (2,843) 5,939
Interest Income (Expense)      
Interest expense (523) (537) (782)
Interest and dividend income 1,261 1,706 664
Total interest income, net 13,915 8,437 2,465
Income Before Income Taxes 67,643 136,314 121,908
Income tax expense 36,972 39,349 44,778
Net Income 30,671 96,965 77,130
Noncontrolling interests 4,435 735 (1,940)
Net Income Attributable to Common Stockholders $ 35,106 $ 97,700 $ 75,190
Earnings per share—Basic (in $ per share) $ 3.99 $ 10.75 $ 9.18
Earnings per Share—Diluted (in $ per share) 3.92 10.51 8.92
Cash Dividends Declared per Share (in $ per share) $ 1.8 $ 1.35 $ 0
Weighted Average Shares Outstanding—Basic (in shares) 8,797 9,091 8,188
Weighted Average Shares Outstanding—Diluted (in shares) 8,960 9,292 8,433
Consolidated Sponsored Investment Products [Member]      
Operating Expenses      
Other operating expenses $ 4,134 $ 3,038 $ 798
Other Income (Expense)      
Realized and unrealized (loss) gain on investments, net (23,181) (4,648) 3,515
Interest Income (Expense)      
Interest and dividend income 11,504 7,268 2,583
Consolidated Investment Product [Member]      
Other Income (Expense)      
Realized and unrealized (loss) gain on investments, net (3,505) 0 0
Interest Income (Expense)      
Interest and dividend income $ 1,673 $ 0 $ 0