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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 18,985 $ 15,723
Adjustments to reconcile net income to net cash provided by operating activities:    
Settlement gain (6,909)  
Deferred income taxes 5,890 15,490
Stock-based compensation 6,951 7,270
Depreciation and amortization 689 646
Other 301 (149)
Changes in operating assets and liabilities:    
Securities owned, at fair value 1,148  
Accounts receivable (1,671) 9,561
Prepaid expenses (1,405) (2,012)
Other assets 143 123
Acquisition payable (3,542) 3,295
Fund management and administration payable (729) 240
Compensation and benefits payable (3,958) (20,481)
Income taxes payable 2,217 (2,094)
Securities sold, but not yet purchased, at fair value (1,222)  
Accounts payable and other liabilities 395 1,384
Net cash provided by operating activities 17,283 28,996
Cash flows from investing activities:    
Purchase of fixed assets (220) (599)
Purchase of securities held-to-maturity (759)  
Purchase of securities available-for-sale (38,680)  
Purchase of investment (5,000)  
Proceeds from held-to-maturity securities maturing or called prior to maturity 2,102 5,025
Proceeds from sales and maturities of securities available-for-sale 46,065  
Acquisition less cash acquired   (11,818)
Net cash provided by/(used in) investing activities 3,508 (7,392)
Cash flows from financing activities:    
Dividends paid (21,872) (21,833)
Shares repurchased (3,693) (35,654)
Proceeds from exercise of stock options 42 104
Net cash used in financing activities (25,523) (57,383)
Increase in cash flow due to changes in foreign exchange rate 624 623
Net decrease in cash and cash equivalents (4,108) (35,156)
Cash and cash equivalents - beginning of period 92,722 210,070
Cash and cash equivalents - end of period 88,614 174,914
Supplemental disclosure of cash flow information:    
Cash paid for taxes $ 9,708 $ 3,748