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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues:    
Total revenues $ 259,726 $ 312,368
Expenses:    
Compensation 102,347 123,528
Management fee 5,376 9,963
Distribution costs 28,474 34,226
Other operating expenses 23,920 26,667
Total expenses 160,117 194,384
Operating income 99,609 117,984
Non-operating income / (loss)    
Loss from investments, net (8,695) (5,392)
Interest and dividend income 826 3,175
Interest expense (2,620) (2,609)
Shareholder-designated contribution (5,436) (4,500)
Total non-operating loss (15,925) (9,326)
Income before income taxes 83,684 108,658
Provision for income taxes 24,991 26,741
Net income $ 58,693 $ 81,917
Net income per share attributable to GAMCO Investors, Inc.'s shareholders:    
Basic (in dollars per share) $ 2.21 $ 2.99
Diluted (in dollars per share) $ 2.20 $ 2.98
Weighted average shares outstanding:    
Basic (in shares) 26,571 27,407
Diluted (in shares) 26,680 27,479
Investment Advisory and Incentive Fees [Member]    
Revenues:    
Total revenues $ 233,628 $ 279,090
Distribution Fees and Other Income [Member]    
Revenues:    
Total revenues $ 26,098 $ 33,278