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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Advisory fees $ 57,574 $ 51,553 $ 166,950 $ 168,099
Settlement gain (Note 8)     6,909  
Other income 412 236 2,154 549
Total revenues 57,986 51,789 176,013 168,648
Expenses:        
Compensation and benefits 19,492 15,328 55,787 44,897
Fund management and administration 10,862 10,372 30,574 31,037
Marketing and advertising 3,314 3,600 10,676 11,998
Sales and business development 3,617 3,075 9,968 9,356
Professional and consulting fees 1,035 1,035 3,814 5,235
Occupancy, communications and equipment 1,378 1,469 4,102 3,932
Depreciation and amortization 353 332 1,042 978
Third-party sharing arrangements 710 622 2,312 2,238
Acquisition payment       6,738
Other 1,729 1,731 5,195 5,186
Total expenses 42,490 37,564 123,470 121,595
Income before taxes 15,496 14,225 52,543 47,053
Income tax expense 7,520 6,270 25,582 23,375
Net income $ 7,976 $ 7,955 $ 26,961 $ 23,678
Net income per share - basic $ 0.06 $ 0.06 $ 0.20 $ 0.17
Net income per share - diluted $ 0.06 $ 0.06 $ 0.20 $ 0.17
Weighted-average common shares - basic 134,709 134,046 134,552 134,541
Weighted-average common shares - diluted 135,933 135,190 135,768 135,583
Cash dividends declared per common share $ 0.08 $ 0.08 $ 0.24 $ 0.24