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CONDENSED CONSOLIDATED STATEMENTS OF INCOME UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Investment advisory and incentive fees $ 82,182 $ 92,591 $ 257,563 $ 270,544
Distribution fees and other income 12,301 15,727 39,402 46,367
Institutional research services 2,063 2,540 6,130 6,720
Total revenues 96,546 110,858 303,095 323,631
Expenses        
Compensation 39,731 43,316 127,627 131,258
Management fee 2,682 3,756 11,360 13,628
Distribution costs 12,344 15,101 39,747 44,087
Other operating expenses 5,593 5,099 19,271 17,036
Total expenses 60,350 67,272 198,005 206,009
Operating income 36,196 43,586 105,090 117,622
Other income (expense)        
Net gain from investments (11,467) (9,086) (614) 7,468
Interest and dividend income 884 1,084 3,227 3,557
Interest expense (1,917) (1,987) (5,899) (6,000)
Total other income, net (12,500) (9,989) (3,286) 5,025
Income before income taxes 23,696 33,597 101,804 122,647
Income tax provision 9,245 13,045 38,547 44,796
Net income 14,451 20,552 63,257 77,851
Net income attributable to noncontrolling interests (518) (3,113) (589) (2,718)
Net income attributable to GAMCO Investors, Inc.'s shareholders $ 14,969 $ 23,665 $ 63,846 $ 80,569
Net income attributable to GAMCO Investors, Inc.'s shareholders        
Basic (in dollars per share) $ 0.60 $ 0.94 $ 2.55 $ 3.17
Diluted (in dollars per share) $ 0.59 $ 0.93 $ 2.52 $ 3.15
Weighted average shares outstanding:        
Basic (in shares) 24,947 25,296 25,047 25,385
Diluted (in shares) 25,241 25,517 25,337 25,595
Dividends declared: (in dollars per share) $ 0.07 $ 0.06 $ 0.21 $ 0.18