Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net income before noncontrolling interests	$ 43,643	$ 49,818
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,624	1,471
Deferred income taxes	6,881	7,493
Asset impairment	0	2,003
Noncash lease expense	(789)	745
Net investment (gain) loss on unconsolidated seed investment securities	2,379	(1,615)
(Gain) loss on disposal of property and equipment	(6)	17
Amortization of debt issuance costs	118	114
Share-based compensation	9,695	12,349
Net investment (gain) loss of consolidated investment products	12,924	(2,346)
Purchase of investments by consolidated investment products	(29,092)	(36,758)
Proceeds from sale of investments by consolidated investment products	30,160	16,871
Change in assets and liabilities resulting in an increase (decrease) in cash:
Accounts receivable	(14,841)	(11,566)
Prepaid expenses and other assets	10,762	(862)
Accounts payable and accrued expenses	52,729	48,695
Net change in operating assets and liabilities of consolidated investment products	(5,690)	7,425
Net cash provided by operating activities	120,497	93,854
Cash flows from investing activities
Acquisition of property and equipment	(631)	(1,284)
Leasehold improvements	167	3,554
Proceeds from Sale, Maturity and Collection of Investments	5,633	0
Purchase of investment securities	(1,260)	0
Net cash provided by (used in) investing activities	3,575	(4,838)
Cash flows from financing activities
Partnership distributions	(17,076)	(22,591)
Dividends paid	(72,439)	(86,366)
Net proceeds from issuance of common stock	63,027	0
Payment of costs directly associated with the issuance of Class A common stock	(106)	0
Purchase of equity and subsidiary equity	(63,027)	0
Taxes paid related to employee net share settlement	(4,530)	(1,824)
Capital contributions to consolidated investment products, net	3,848	1,228
Net cash used in financing activities	(90,303)	(109,553)
Net increase (decrease) in cash, cash equivalents, and restricted cash	33,769	(20,537)
Cash, cash equivalents and restricted cash
Beginning of period	144,255	175,535
End of period	178,024	154,998
Cash, cash equivalents and restricted cash as of the end of the period
Cash, cash equivalents and restricted cash	178,024	154,998
Noncash activity:
Establishment of deferred tax assets	37,957	7,069
Establishment of amounts payable under tax receivable agreements	30,853	5,389
Increase in investment securities due to deconsolidation of CIPs	1,469	0
Operating lease assets obtained in exchange for operating lease liabilities	$ 0	$ 2,191