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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The Company’s assets and liabilities measured at fair value on a recurring basis, excluding the assets and liabilities of consolidated sponsored investment products and the consolidated investment product discussed in Note 18, as of December 31, 2016 and December 31, 2015, by fair value hierarchy level were as follows:
 
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
($ in thousands)
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Cash equivalents
$
48,620

 
$

 
$

 
$
48,620

Marketable securities trading:
 
 
 
 
 
 
 
Sponsored funds
60,019

 

 

 
60,019

Equity securities
11,473

 

 

 
11,473

Marketable securities available-for-sale:
 
 
 
 
 
 
 
Sponsored closed-end funds
3,415

 

 

 
3,415

Other investments
 
 
 
 
 
 
 
Nonqualified retirement plan assets
5,808

 

 

 
5,808

Total assets measured at fair value
$
129,335

 
$

 
$

 
$
129,335

 
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
($ in thousands)
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Cash equivalents
$
54,772

 
$

 
$

 
$
54,772

Marketable securities trading:
 
 
 
 
 
 
 
Sponsored funds
29,331

 

 

 
29,331

Equity securities
9,168

 

 

 
9,168

Marketable securities available-for-sale:
 
 
 
 
 
 
 
Sponsored closed-end funds
2,997

 

 

 
2,997

Other investments
 
 
 
 
 
 
 
Nonqualified retirement plan assets
5,310

 

 

 
5,310

Total assets measured at fair value
$
101,578

 
$

 
$

 
$
101,578