Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

G. Earnings Per Share

The computations of basic and diluted net income per share are as follows:

	Three		Three		Nine		Nine
	Months		Months		Months		Months
	Ended		Ended		Ended		Ended
	September 30,		September 30,		September 30,		September 30,
(in thousands, except per share amounts)	2011		2010		2011		2010
Basic:
Net income attributable to GAMCO Investors, Inc.'s shareholders	$	7,699	$	20,106	$	45,989	$	41,881
Weighted average shares outstanding		26,496		26,828		26,686		26,996
Basic net income attributable to GAMCO Investors, Inc.'s
shareholders per share	$	0.29	$	0.75	$	1.72	$	1.55
Diluted:
Net income attributable to GAMCO Investors, Inc.'s shareholders	$	7,699	$	20,106	$	45,989	$	41,881
Add interest expense on convertible notes, net of management
fee and taxes		-		721		-		791
Total		7,699		20,827		45,989		42,672
Weighted average share outstanding		26,496		26,828		26,686		26,996
Dilutive stock options and restricted stock awards		80		262		86		238
Assumed conversion of convertible notes		-		1,274		-		584
Total		26,576		28,364		26,772		27,818
Diluted net income attributable to GAMCO Investors, Inc.'s
shareholders per share	$	0.29	$	0.73	$	1.72	$	1.53