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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Investment management fees $ 57,644 $ 70,496
Distribution and service fees 12,478 19,598
Administration and transfer agent fees 9,998 13,042
Other income and fees 175 695
Total revenues 80,295 103,831
Operating Expenses    
Employment expenses 35,977 35,622
Distribution and other asset-based expenses 18,101 24,507
Other operating expenses 10,765 16,726
Depreciation and other amortization 862 779
Amortization expense 651 837
Total operating expenses 67,545 79,289
Operating Income 12,750 24,542
Other Income (Expense)    
Realized and unrealized (loss) gain on investments, net (658) 545
Other income, net 228 435
Total other income, net 2,100 3,570
Interest Income (Expense)    
Interest expense (132) (123)
Interest and dividend income 273 280
Total interest income, net 4,576 2,481
Income Before Income Taxes 19,426 30,593
Income tax expense 7,556 10,868
Net Income 11,870 19,725
Noncontrolling interests 493 (383)
Net Income Attributable to Common Stockholders $ 12,363 $ 19,342
Earnings per share—Basic (in $ per share) $ 1.48 $ 2.16
Earnings per Share—Diluted (in $ per share) 1.45 2.11
Cash Dividends Declared per Share (in $ per share) $ 0.45 $ 0.45
Weighted Average Shares Outstanding—Basic (in shares) 8,344 8,964
Weighted Average Shares Outstanding—Diluted (in shares) 8,506 9,151
Consolidated Sponsored Investment Products [Member]    
Operating Expenses    
Other operating expenses $ 1,133 $ 818
Other Income (Expense)    
Realized and unrealized (loss) gain on investments, net 295 2,590
Interest Income (Expense)    
Interest and dividend income 2,961 2,324
Consolidated Investment Product [Member]    
Operating Expenses    
Other operating expenses 56 0
Other Income (Expense)    
Realized and unrealized (loss) gain on investments, net 2,235 0
Interest Income (Expense)    
Interest and dividend income $ 1,474 $ 0