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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income before noncontrolling interests $ 172,003 $ 206,026
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,567 4,257
Deferred income taxes (218) 19,468
Asset impairment 2,107 0
Noncash lease expense 1,668 1,522
Net (gain) loss on unconsolidated seed investment securities (3,374) (1,592)
Net (gain) loss on the tax receivable agreements 19,557 (251)
Loss on disposal of property and equipment 131 11
Amortization of debt issuance costs 345 343
Share-based compensation 34,399 42,326
Net investment (gain) loss of consolidated investment products (5,008) (9,464)
Purchase of investments by consolidated investment products (94,252) (602,736)
Proceeds from sale of investments by consolidated investment products 53,186 579,599
Change in assets and liabilities resulting in an increase (decrease) in cash:    
Accounts receivable (23,623) (126)
Prepaid expenses and other assets (5) (883)
Accounts payable and accrued expenses 70,708 78,506
Net change in operating assets and liabilities of consolidated investment products 29,392 11,241
Net cash provided by operating activities 261,583 328,247
Cash flows from investing activities    
Acquisition of property and equipment (2,958) (1,598)
Leasehold improvements (13,702) (7,267)
Purchase of investment securities (10) (250)
Net cash used in investing activities (16,670) (9,115)
Cash flows from financing activities    
Partnership distributions (70,152) (78,418)
Dividends paid (151,310) (135,190)
Payment of debt issuance costs (308) 0
Proceeds from issuance of notes payable 50,000 0
Principal payments on notes payable (50,000) 0
Payment under the tax receivable agreements (24,998) (36,111)
Net proceeds from issuance of common stock 0 21,478
Payment of costs directly associated with the issuance of Class A common stock 0 (166)
Purchase of equity and subsidiary equity 0 (21,478)
Taxes paid related to employee net share settlement (2,078) (2,564)
Capital contributions to consolidated investment products, net 2,324 40,883
Net cash used in financing activities (246,522) (211,566)
Net increase (decrease) in cash and cash equivalents (1,609) 107,566
Cash Divested from Deconsolidation 0 (39,759)
Cash, cash equivalents and restricted cash    
Beginning of period 175,535 159,796
End of period 173,926 227,603
Cash, cash equivalents and restricted cash as of the end of the period    
Cash, cash equivalents and restricted cash 175,535 159,796
Noncash activity:    
Establishment of deferred tax assets 34,022 24,123
2019 Holdings Common Unit Exchanges 29,368 19,683
Operating lease assets obtained in exchange for operating lease liabilities $ 3,606 $ 0