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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 75,907 $ 61,252 $ 219,459 $ 188,378
Expenses:        
Compensation 21,965 17,722 83,945 72,488
Management fee 0 0 5,552 3,725
Distribution costs 7,781 6,994 22,523 21,258
Other operating expenses 5,485 4,694 19,460 14,982
Total expenses 35,231 29,410 131,480 112,453
Operating income 40,676 31,842 87,979 75,925
Non-operating income / (loss)        
Gain / (loss) from investments, net (1,290) (3,133) 2,376 (13,061)
Interest and dividend income 72 41 359 700
Interest expense (814) (691) (2,101) (1,985)
Shareholder-designated contribution 0 (5,436) 0 (5,436)
Total non-operating income / (loss) (2,032) (9,219) 634 (19,782)
Income before income taxes 38,644 22,623 88,613 56,143
Provision for income taxes 9,483 6,188 26,401 17,173
Net income $ 29,161 $ 16,435 $ 62,212 $ 38,970
Earnings per share:        
Basic (in dollars per share) $ 1.11 $ 0.62 $ 2.36 $ 1.46
Diluted (in dollars per share) $ 1.09 $ 0.62 $ 2.32 $ 1.46
Weighted average shares outstanding:        
Basic (in shares) 26,222 26,531 26,310 26,615
Diluted (in shares) 26,832 26,613 26,863 26,679
Investment Advisory and Incentive Fees [Member]        
Revenues:        
Total revenues $ 69,147 $ 54,894 $ 199,502 $ 168,637
Distribution Fees and Other Income [Member]        
Revenues:        
Total revenues $ 6,760 $ 6,358 $ 19,957 $ 19,741