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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 27,199 $ 26,155 $ 80,052
Adjustments to reconcile net income to net cash provided by operating activities:      
Settlement gain (6,909)    
Deferred income taxes 8,838 12,900 53,018
Stock-based compensation 14,717 14,892 10,900
Depreciation and amortization 1,395 1,305 1,006
Realized losses on securities available-for-sale 1,132    
Goodwill impairment   1,676  
Other (211) (278) (79)
Changes in operating assets and liabilities:      
Securities owned, at fair value (135) (1,556)  
Accounts receivable (3,532) 9,778 (9,321)
Income taxes receivable/payable (11,211) 1,687 2,974
Prepaid expenses (204) (719) (1,069)
Other assets (408) (307) (795)
Acquisition payable (3,547) (384) 2,185
Fund management and administration payable 6,203 9,636 2,978
Compensation and benefits payable 13,126 (13,089) 13,286
Securities sold, but not yet purchased, at fair value (299) 1,249  
Accounts payable and other liabilities 2,354 (8,034) (24)
Net cash provided by operating activities 48,508 54,911 155,111
Cash flows from investing activities:      
Purchase of fixed assets (295) (1,070) (2,616)
Purchase of securities held-to-maturity (3,009) (15,502) (14,467)
Purchase of securities available-for-sale (99,848) (63,619)  
Purchase of investments (8,278) (20,000)  
Funding of AdvisorEngine note receivable, net of original issue discount (Note 6) (18,748)    
Acquisition of the right to manage Questrade's ETFs (Note 18) (2,132)    
Proceeds from held-to-maturity securities maturing or called prior to maturity 4,194 16,742 4,764
Proceeds from sales and maturities of securities available-for-sale 91,095 6,002  
Acquisition less cash acquired   (11,818)  
Net cash used in investing activities (37,021) (89,265) (12,319)
Cash flows from financing activities:      
Dividends paid (43,777) (43,660) (78,540)
Shares repurchased (7,891) (39,379) (24,116)
Proceeds from exercise of stock options 532 195 4,520
Net cash used in financing activities (51,136) (82,844) (98,136)
Increase/(decrease) in cash flow due to changes in foreign exchange rate 1,120 (150) 130
Net (decrease)/increase in cash and cash equivalents (38,529) (117,348) 44,786
Cash and cash equivalents-beginning of year 92,722 210,070 165,284
Cash and cash equivalents-end of year 54,193 92,722 210,070
Supplemental disclosure of cash flow information:      
Cash paid for taxes $ 33,113 $ 14,990 $ 1,262