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CONDENSED CONSOLIDATED STATEMENTS OF INCOME UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total revenues $ 69,567 $ 74,336
Expenses    
Compensation 29,250 30,347
Management fee 1,665 1,449
Distribution costs 7,630 8,670
Other operating expenses 5,702 5,257
Total expenses 44,247 45,723
Operating income 25,320 28,613
Non-operating income / (loss)    
Gain / (loss) from investments, net (10,237) (1,895)
Interest and dividend income 544 724
Interest expense (647) (655)
Total non-operating income / (loss) (10,340) (1,826)
Income before income taxes 14,980 26,787
Provision for income taxes 3,735 6,895
Net income $ 11,245 $ 19,892
Earnings per share    
Basic (in dollars per share) $ 0.42 $ 0.70
Diluted (in dollars per share) $ 0.42 $ 0.70
Weighted average shares outstanding    
Basic (in shares) 26,687 28,507
Diluted (in shares) 26,770 28,539
Investment Advisory and Incentive Fees [Member]    
Revenues    
Total revenues $ 62,273 $ 65,888
Distribution Fees and Other Income [Member]    
Revenues    
Total revenues $ 7,294 $ 8,448