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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 23,103 $ 25,612
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 510 437
Change in deferred income taxes 583 1,903
Change in payable to related parties pursuant to tax receivable agreement 202 0
Amortization of deferred financing costs 14 85
Equity-based compensation 1,587 1,416
Equity in loss (income) of investees 114 (5,919)
Proceeds received from investments 2,679 5,176
Other 66 129
Changes in operating assets and liabilities:    
Fees receivable (1,786) (7,361)
Prepaid expenses (852) (126)
Due from related parties 1,273 362
Other assets (354) (672)
Accounts payable (1,295) (40)
Accrued compensation and benefits 13,694 8,126
Deferred incentive fees (2,541) 0
Other liabilities 867 58
Net cash provided by operating activities 37,864 29,186
Investing activities:    
Purchase of furniture, fixtures and equipment (1,413) (388)
Distributions received from investments 1,960 3,465
Contributions to investments (8,641) (6,589)
Net cash used in investing activities (8,094) (3,512)
Financing activities:    
Repayments of debt (469) (650)
Contributions from non-controlling interest in general partnerships 17 40
Distributions to non-controlling interest in general partnerships (454) (1,134)
Repurchase of Class A shares for employee tax withholding (150) (663)
Proceeds received from option exercises 0 313
Dividends paid (3,893) 0
Members’ distributions (18,762) (9,387)
Net cash used in financing activities (23,711) (11,481)
Increase in cash, cash equivalents, and restricted cash 6,059 14,193
Cash, cash equivalents, and restricted cash at beginning of the period 49,383 34,135
Cash, cash equivalents, and restricted cash at end of the period $ 55,442 $ 48,328