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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Advisory fees $ 81,320 $ 43,938 $ 141,189 $ 86,547
Other income 239 190 511 501
Total revenues 81,559 44,128 141,700 87,048
Expenses:        
Compensation and benefits 18,669 7,551 38,270 16,906
Fund management and administration 11,208 7,818 21,376 16,986
Marketing and advertising 3,628 2,726 6,704 5,304
Sales and business development 2,076 1,727 3,976 3,028
Professional and consulting fees 1,604 1,840 3,067 3,635
Occupancy, communications and equipment 943 853 1,861 1,753
Depreciation and amortization 223 201 443 393
Third party sharing arrangements 497 115 780 125
Acquisition contingent payment 264   521  
Other 1,509 1,164 2,744 2,306
Total expenses 40,621 23,995 79,742 50,436
Income before taxes 40,938 20,133 61,958 36,612
Income tax expense/(benefit) 16,766 9,531 25,724 (4,194)
Net income $ 24,172 $ 10,602 $ 36,234 $ 40,806
Net income per share-basic $ 0.18 $ 0.08 $ 0.27 $ 0.31
Net income per share-diluted $ 0.18 $ 0.08 $ 0.26 $ 0.29
Weighted-average common shares-basic 135,895 131,533 134,990 131,235
Weighted-average common shares-diluted 137,951 138,258 137,620 138,501
Cash dividends declared per common share $ 0.08   $ 0.16