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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income before noncontrolling interests $ 157,952 $ 145,576
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,823 4,507
Deferred income taxes 22,463 23,243
Noncash lease expense (benefit) (566) (178)
Net investment (gain) loss on nonconsolidated investment securities (12,301) (11,791)
(Gain) loss on disposal of property and equipment 29 2
Amortization of debt issuance costs 219 222
Share-based compensation 17,129 18,117
Net investment (gain) loss of consolidated investment products (22,471) (28,402)
Purchase of investments by consolidated investment products (161,850) (244,265)
Proceeds from sale of investments by consolidated investment products 137,398 146,051
Change in assets and liabilities resulting in an increase (decrease) in cash:    
Accounts receivable (10,142) 3,077
Prepaid expenses and other assets 1,133 2,060
Accounts payable and accrued expenses 91,952 86,272
Net change in operating assets and liabilities of consolidated investment products including net investment income (2,865) 38,614
Net cash provided by operating activities 222,903 183,105
Cash flows from investing activities    
Acquisition of property and equipment (765) (438)
Leasehold improvements (3,019) (3,995)
Proceeds from sale of investment securities 10,940 5,069
Purchase of investment securities (31,807) (35,640)
Net cash used in investing activities (24,651) (35,004)
Cash flows from financing activities    
Partnership distributions (20,201) (17,458)
Dividends paid (113,933) (96,292)
Payments under the tax receivable agreements (27,898) (27,176)
Taxes paid related to employee net share settlement (6,831) (6,758)
Capital contributions to consolidated investment products, net 29,087 53,984
Net cash used in financing activities (139,776) (93,700)
Net increase in cash, cash equivalents, and restricted cash 58,476 54,401
Net cash impact of deconsolidation of CIPs (3,996) 0
Cash, cash equivalents and restricted cash    
Beginning of period 178,467 143,248
End of period 232,947 197,649
Cash, cash equivalents and restricted cash as of the end of the period    
Cash, cash equivalents and restricted cash 232,947 197,649
Noncash activity:    
Establishment of deferred tax assets 14,435 1,588
Establishment of amounts payable under tax receivable agreements   1,200
Increase in investment securities due to deconsolidation of CIPs 23,831 0
Operating lease assets obtained in exchange for operating lease liabilities 3,197 78
Settlement of franchise capital liability via transfer of investment securities 7,212 3,204
Consolidated Entity, Excluding VIE    
Cash, cash equivalents and restricted cash as of the end of the period    
Cash and cash equivalents 195,416 165,025
Cash and cash equivalents 195,416 165,025
Variable Interest Entity, Primary Beneficiary    
Cash, cash equivalents and restricted cash as of the end of the period    
Cash and cash equivalents 37,531 32,624
Cash and cash equivalents $ 37,531 $ 32,624