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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Advisory fees $ 56,114 $ 55,931 $ 109,376 $ 116,546
Settlement gain (Note 8) 6,909   6,909  
Other income 405 50 1,742 313
Total revenues 63,428 55,981 118,027 116,859
Expenses:        
Compensation and benefits 18,421 14,343 36,295 29,569
Fund management and administration 10,112 10,621 19,712 20,665
Marketing and advertising 3,825 4,566 7,362 8,398
Sales and business development 3,389 3,834 6,351 6,281
Professional and consulting fees 1,221 1,365 2,779 4,200
Occupancy, communications and equipment 1,371 1,241 2,724 2,463
Depreciation and amortization 352 330 689 646
Third-party sharing arrangements 670 709 1,602 1,616
Acquisition payment   5,993   6,738
Other 1,842 1,823 3,466 3,455
Total expenses 41,203 44,825 80,980 84,031
Income before taxes 22,225 11,156 37,047 32,828
Income tax expense 10,120 7,505 18,062 17,105
Net income $ 12,105 $ 3,651 $ 18,985 $ 15,723
Net income per share - basic $ 0.09 $ 0.03 $ 0.14 $ 0.11
Net income per share - diluted $ 0.09 $ 0.03 $ 0.14 $ 0.11
Weighted-average common shares - basic 134,557 134,115 134,472 134,791
Weighted-average common shares - diluted 135,574 135,132 135,613 135,589
Cash dividends declared per common share $ 0.08 $ 0.08 $ 0.16 $ 0.16