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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Advisory fees $ 80,520 $ 46,942 $ 221,709 $ 133,489
Other income 233 172 744 673
Total revenues 80,753 47,114 222,453 134,162
Expenses:        
Compensation and benefits 19,407 9,990 57,677 26,896
Fund management and administration 10,519 8,465 31,895 25,451
Marketing and advertising 3,573 3,341 10,277 8,645
Sales and business development 2,438 1,279 6,414 4,307
Professional and consulting fees 1,570 1,383 4,637 5,018
Occupancy, communications and equipment 1,183 882 3,044 2,635
Depreciation and amortization 253 207 696 600
Third party sharing arrangements 485 187 1,265 312
Acquisition contingent payment 172   693  
Other 1,620 1,123 4,364 3,429
Total expenses 41,220 26,857 120,962 77,293
Income before taxes 39,533 20,257 101,491 56,869
Income tax expense 16,245 9,634 41,969 5,440
Net income $ 23,288 $ 10,623 $ 59,522 $ 51,429
Net income per share - basic $ 0.17 $ 0.08 $ 0.44 $ 0.39
Net income per share - diluted $ 0.17 $ 0.08 $ 0.43 $ 0.37
Weighted-average common shares - basic 136,582 131,778 135,527 131,418
Weighted-average common shares - diluted 138,181 138,346 137,833 138,476
Cash dividends declared per common share $ 0.08   $ 0.24