XML 50 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES:      
Investment advisory $ 89,900,834us-gaap_InvestmentAdvisoryFees $ 69,966,377us-gaap_InvestmentAdvisoryFees $ 57,783,131us-gaap_InvestmentAdvisoryFees
Mutual fund administration, net 14,657,931dhil_RevenueFromAdministrativeServicesNet 11,465,327dhil_RevenueFromAdministrativeServicesNet 8,874,177dhil_RevenueFromAdministrativeServicesNet
Total revenue 104,558,765us-gaap_Revenues 81,431,704us-gaap_Revenues 66,657,308us-gaap_Revenues
OPERATING EXPENSES:      
Compensation and related costs 43,892,336us-gaap_LaborAndRelatedExpense 40,851,722us-gaap_LaborAndRelatedExpense 33,868,225us-gaap_LaborAndRelatedExpense
General and administrative 8,099,410us-gaap_GeneralAndAdministrativeExpense 6,042,781us-gaap_GeneralAndAdministrativeExpense 4,986,559us-gaap_GeneralAndAdministrativeExpense
Sales and marketing 2,222,382us-gaap_SellingAndMarketingExpense 2,098,915us-gaap_SellingAndMarketingExpense 1,817,124us-gaap_SellingAndMarketingExpense
Mutual fund administration 2,884,495us-gaap_AssetManagementCosts 1,756,366us-gaap_AssetManagementCosts 1,556,909us-gaap_AssetManagementCosts
Total operating expenses 57,098,623us-gaap_OperatingExpenses 50,749,784us-gaap_OperatingExpenses 42,228,817us-gaap_OperatingExpenses
NET OPERATING INCOME 47,460,142us-gaap_OperatingIncomeLoss 30,681,920us-gaap_OperatingIncomeLoss 24,428,491us-gaap_OperatingIncomeLoss
Investment income 2,905,794us-gaap_InvestmentIncomeNonoperating 4,950,245us-gaap_InvestmentIncomeNonoperating 1,654,124us-gaap_InvestmentIncomeNonoperating
INCOME BEFORE TAXES 50,365,936us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 35,632,165us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 26,082,615us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision (18,785,005)us-gaap_IncomeTaxExpenseBenefit (13,477,337)us-gaap_IncomeTaxExpenseBenefit (9,151,723)us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 31,580,931us-gaap_NetIncomeLoss $ 22,154,828us-gaap_NetIncomeLoss $ 16,930,892us-gaap_NetIncomeLoss
Earnings per share      
Basic (per share) $ 9.88us-gaap_EarningsPerShareBasic $ 7.05us-gaap_EarningsPerShareBasic $ 5.44us-gaap_EarningsPerShareBasic
Diluted (per share) $ 9.67us-gaap_EarningsPerShareDiluted $ 6.94us-gaap_EarningsPerShareDiluted $ 5.44us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding      
Basic (in shares) 3,196,127us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 3,142,083us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 3,111,328us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 3,266,168us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 3,194,263us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 3,111,328us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding