XML 49 R35.htm IDEA: XBRL DOCUMENT v3.20.4
Significant Accounting Policies (Details)
12 Months Ended
Dec. 31, 2020
USD ($)
Segment
Dec. 31, 2019
USD ($)
Investments in Securities [Abstract]    
Impairment on investment in debt securities, classified as held-to-maturity $ 0 $ 0
Major Revenue-Generating Services and Revenue Recognition [Abstract]    
Portion of revenue derived from advisory and management fees 90.00% 89.00%
Institutional and private wealth management incentive fees receivable $ 0 $ 0
Management fees receivable on closed-end preferred shares $ 2,500,000 5,800,000
Management Fee [Abstract]    
Management fee expense percentage 10.00%  
Management fee allocated to other employees $ 800,000 1,500,000
Business Segment [Abstract]    
Number of operating segments | Segment 1  
New Accounting Pronouncement [Abstract]    
Impact of ASU adoption on retained earnings $ 394,386,000 362,515,000
Increase to other assets 1,736,000 2,037,000
Fixed Assets Other Than Leasehold Improvements [Member]    
Depreciation and Amortization [Abstract]    
Fixed assets with net book value 2,500,000 325,000
Accumulated Depreciation $ 2,900,000 2,900,000
Fixed Assets Other Than Leasehold Improvements [Member] | Minimum [Member]    
Depreciation and Amortization [Abstract]    
Estimated useful life of assets 4 years  
Fixed Assets Other Than Leasehold Improvements [Member] | Maximum [Member]    
Depreciation and Amortization [Abstract]    
Estimated useful life of assets 7 years  
Leasehold Improvements [Member]    
Depreciation and Amortization [Abstract]    
Fixed assets with net book value $ 800,000 1,100,000
Depreciation and amortization 900,000 1,200,000
Estimated annual depreciation and amortization expense $ 900,000  
Period of estimate for future depreciation and amortization 3 years  
The GDL Fund [Member]    
Major Revenue-Generating Services and Revenue Recognition [Abstract]    
Performance fee receivable $ 100,000 2,200,000
Gabelli Merger Plus+ Trust [Member]    
Major Revenue-Generating Services and Revenue Recognition [Abstract]    
Performance fee receivable $ 0 $ 0
GAMCO Merger Arbitrage SICAV [Member]    
Major Revenue-Generating Services and Revenue Recognition [Abstract]    
Incentive fee earned as percentage of gross return 20.00% 20.00%
Performance fee receivable $ 5,600,000 $ 5,200,000
Open End Class AAA Shares of the Funds [Member]    
Major Revenue-Generating Services and Revenue Recognition [Abstract]    
Fee percentages paid to distributors based on fund performance 0.25%  
Class C Shares [Member]    
Major Revenue-Generating Services and Revenue Recognition [Abstract]    
Fee percentages paid to distributors based on fund performance 1.00%  
Restricted Stock Awards [Member] | Vesting in Three Years from Date of Grant [Member]    
Stock Based Compensation [Abstract]    
Award vesting percentage 30.00%  
Award vesting period 3 years  
Restricted Stock Awards [Member] | Vesting in Five Years from Date of Grant [Member]    
Stock Based Compensation [Abstract]    
Award vesting percentage 70.00%  
Award vesting period 5 years  
Stock Options [Member] | Vesting in Three Years from Date of Grant [Member]    
Stock Based Compensation [Abstract]    
Award vesting percentage 75.00%  
Award vesting period 3 years  
Stock Options [Member] | Vesting in Four Years from Date of Grant [Member]    
Stock Based Compensation [Abstract]    
Award vesting percentage 25.00%  
Award vesting period 4 years  
ASU 2016-02 [Member]    
New Accounting Pronouncement [Abstract]    
Impact of ASU adoption on retained earnings $ (106,000)  
Increase to other assets 650,000  
Increase to lease liability obligations $ 756,000