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v2.4.1.9

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012
Cash flows from operating activities: |  |  |
Net income | $ 61,051us-gaap_NetIncomeLoss | $ 51,537us-gaap_NetIncomeLoss | $ 11,030us-gaap_NetIncomeLoss
Non-cash items included in net income: |  |  |
Deferred income tax expense | 12,403us-gaap_DeferredIncomeTaxesAndTaxCredits |  |
Depreciation and amortization and other | 821us-gaap_DepreciationAndAmortization | 439us-gaap_DepreciationAndAmortization | 307us-gaap_DepreciationAndAmortization
Stock-based compensation | 8,137us-gaap_ShareBasedCompensation | 6,459us-gaap_ShareBasedCompensation | 7,437us-gaap_ShareBasedCompensation
Deferred rent | 1,572us-gaap_StraightLineRent | 706us-gaap_StraightLineRent | (140)us-gaap_StraightLineRent
Accretion to interest income and other | (72)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 116us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 194us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Changes in operating assets and liabilities: |  |  |
Accounts receivable | (369)us-gaap_IncreaseDecreaseInAccountsReceivable | (5,020)us-gaap_IncreaseDecreaseInAccountsReceivable | (3,723)us-gaap_IncreaseDecreaseInAccountsReceivable
Other assets | 99us-gaap_IncreaseDecreaseInOtherOperatingAssets | (579)us-gaap_IncreaseDecreaseInOtherOperatingAssets | 337us-gaap_IncreaseDecreaseInOtherOperatingAssets
Fund management and administration payable | (445)wetf_IncreaseDecreaseInFundManagementAndAdministrationPayable | 3,470wetf_IncreaseDecreaseInFundManagementAndAdministrationPayable | (3,111)wetf_IncreaseDecreaseInFundManagementAndAdministrationPayable
Compensation and benefits payable | (186)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities | 12,122us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities | (2,012)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Accounts payable and other liabilities | (381)us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities | 874us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities | 915us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
Net cash provided by operating activities | 82,630us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 70,124us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 11,234us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities: |  |  |
Purchase of fixed assets | (4,894)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (6,211)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (190)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of investments | (3,225)us-gaap_PaymentsToAcquireInvestments | (3,597)us-gaap_PaymentsToAcquireInvestments | (10,004)us-gaap_PaymentsToAcquireInvestments
Cash acquired on acquisition | 1,349us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |  |
Proceeds from the redemption of investments | 939us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments | 2,781us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments | 7,836us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments
Net cash used in investing activities | (5,831)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (7,027)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (2,358)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities: |  |  |
Net proceeds from sale of common stock |  |  | 4,329us-gaap_ProceedsFromIssuanceOfCommonStock
Dividends paid | (10,785)us-gaap_PaymentsOfDividends |  |
Shares repurchased | (6,531)us-gaap_PaymentsForRepurchaseOfCommonStock | (1,613)us-gaap_PaymentsForRepurchaseOfCommonStock | (2,261)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from exercise of stock options and warrants | 1,544us-gaap_ProceedsFromStockOptionsExercised | 1,586us-gaap_ProceedsFromStockOptionsExercised | 4,672us-gaap_ProceedsFromStockOptionsExercised
Net cash (used in)/provided by financing activities | (15,772)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (27)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 6,740us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Decrease in cash flow due to changes in foreign exchange rate | (59)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |  |
Net increase in cash and cash equivalents | 60,968us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 63,070us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 15,616us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents-beginning of year | 104,316us-gaap_CashAndCashEquivalentsAtCarryingValue | 41,246us-gaap_CashAndCashEquivalentsAtCarryingValue | 25,630us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents-end of year | 165,284us-gaap_CashAndCashEquivalentsAtCarryingValue | 104,316us-gaap_CashAndCashEquivalentsAtCarryingValue | 41,246us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information: |  |  |
Cash paid for taxes | 66us-gaap_IncomeTaxesPaidNet | 38us-gaap_IncomeTaxesPaidNet | 33us-gaap_IncomeTaxesPaidNet
Noncash investing and financing activities: |  |  |
Cashless exercise of stock options and warrants |  | $ 267wetf_CashlessExerciseOfStockOptions |

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- Definition The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
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- Definition The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3179-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 + Details
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- Definition The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (j) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3255-108585 + Details
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
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- Definition Difference between actual rental income due and rental income recognized on a straight-line basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
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- Details
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- Definition Cashless exercise of stock options. + References No definition available. + Details
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- Definition Increase (decrease) in fund management and administration payable. + References No definition available. + Details
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