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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income before noncontrolling interests $ 115,350 $ 109,791
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,262 2,967
Deferred income taxes 15,878 14,997
Asset impairment 0 2,107
Noncash lease expense (885) 1,170
(Gain) loss on disposal of property and equipment (4) 128
Amortization of debt issuance costs 236 229
Share-based compensation 18,684 24,422
Net investment (gain) loss of consolidated investment products 47 (4,389)
Purchase of investments by consolidated investment products (67,156) (71,089)
Proceeds from sale of investments by consolidated investment products 72,073 42,364
Change in assets and liabilities resulting in an increase (decrease) in cash:    
Accounts receivable (12,238) (19,518)
Prepaid expenses and other assets (754) (637)
Accounts payable and accrued expenses 71,902 63,170
Net change in operating assets and liabilities of consolidated investment products (13,672) 19,648
Net cash provided by operating activities 203,938 182,637
Cash flows from investing activities    
Acquisition of property and equipment (942) (2,372)
Payments For Leasehold Improvements (218) (11,894)
Proceeds from sale of investment securities 19,365 0
Purchase of investment securities (1,260) 0
Net cash provided by (used in) investing activities 16,945 (14,266)
Cash flows from financing activities    
Partnership distributions (39,322) (48,324)
Dividends paid (109,692) (117,397)
Payment under the tax receivable agreements (20,318) (19,009)
Net proceeds from issuance of common stock 63,027 0
Payment of costs directly associated with the issuance of Class A common stock (220) 0
Payments for Repurchase of Other Equity (63,027) 0
Taxes paid related to employee net share settlement (4,530) (1,824)
Capital contributions to consolidated investment products, net 5,228 1,995
Net cash used in financing activities (168,854) (184,559)
Net increase (decrease) in cash, cash equivalents, and restricted cash 52,029 (16,188)
Cash, cash equivalents and restricted cash    
Beginning of period 144,255 175,535
End of period 196,284 159,347
Cash, cash equivalents and restricted cash as of the end of the period    
Cash, cash equivalents and restricted cash 196,284 159,347
Noncash activity:    
Establishment of deferred tax assets 45,629 11,054
Establishment of amounts payable under tax receivable agreements 37,110 8,894
Increase in investment securities due to deconsolidation of CIPs 1,469 0
Operating lease assets obtained in exchange for operating lease liabilities 0 3,606
Consolidated Entity, Excluding VIE [Member]    
Net investment (gain) loss on nonconsolidated seed investment securities $ 1,215 $ (2,723)