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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income before noncontrolling interests $ 104,618 $ 43,643
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,554 1,624
Deferred income taxes 9,777 6,881
Noncash lease expense (272) (789)
(Gain) loss on disposal of property and equipment 0 (6)
Amortization of debt issuance costs 118 118
Share-based compensation 10,800 9,695
Net investment (gain) loss of consolidated investment products (6,916) 12,924
Purchase of investments by consolidated investment products (90,733) (29,092)
Proceeds from sale of investments by consolidated investment products 37,395 30,160
Change in assets and liabilities resulting in an increase (decrease) in cash:    
Increase (Decrease) in Accounts Receivable (15,151) (14,841)
Increase (Decrease) in Prepaid Expense and Other Assets (8,948) 10,762
Accounts payable and accrued expenses 89,328 52,729
Net Change in Operating Assets and Liabilities of Consolidated Investment Products 61,578 (5,690)
Net cash provided by operating activities 192,776 120,497
Cash flows from investing activities    
Acquisition of property and equipment (408) (631)
Leasehold improvements (1,314) (167)
Proceeds from sale of investment securities 12,813 5,633
Purchase of investment securities (33,820) (1,260)
Net cash provided by (used in) investing activities (22,729) 3,575
Cash flows from financing activities    
Partnership distributions (11,873) (17,076)
Dividends paid (81,304) (72,439)
Net proceeds from issuance of common stock 46,928 63,027
Payment of costs directly associated with the issuance of Class A common stock (102) (106)
Purchase of equity and subsidiary equity (46,928) (63,027)
Taxes paid related to employee net share settlement (7,866) (4,530)
Capital contributions to consolidated investment products, net 48,197 3,848
Net cash used in financing activities (52,948) (90,303)
Net increase (decrease) in cash, cash equivalents, and restricted cash 117,099 33,769
Net cash impact of deconsolidation of CIPs 34,823 0
Cash, cash equivalents and restricted cash    
Beginning of period 199,450 144,255
End of period 281,726 178,024
Cash, cash equivalents and restricted cash as of the end of the period    
Cash, cash equivalents and restricted cash 281,726 178,024
Noncash activity:    
Establishment of deferred tax assets 19,246 37,957
Establishment of amounts payable under tax receivable agreements 15,802 30,853
Increase in investment securities due to deconsolidation of CIPs 11,200 1,469
Operating lease assets obtained in exchange for operating lease liabilities 2,434 0
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment (gain) loss on nonconsolidated seed investment securities (372) 2,379
Consolidated Entity, Excluding VIE    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment (gain) loss on nonconsolidated seed investment securities (196) 2,257
Variable Interest Entity, Primary Beneficiary    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment (gain) loss on nonconsolidated seed investment securities $ (6,916) $ 12,924