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v3.10.0.1

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Operating Revenues: |  |  |  |
Total revenues | $ 74,775 | $ 56,242 | $ 133,679 | $ 109,609
Operating Expenses: |  |  |  |
Compensation and benefits | 19,301 | 18,421 | 38,133 | 36,295
Fund management and administration | 14,621 | 10,112 | 25,533 | 19,712
Marketing and advertising | 3,778 | 3,825 | 6,973 | 7,362
Sales and business development | 4,503 | 3,389 | 8,316 | 6,351
Contractual gold payments (Note 11) | 2,715 |  | 2,715 |
Professional and consulting fees | 1,560 | 1,221 | 3,196 | 2,779
Occupancy, communications and equipment | 1,574 | 1,371 | 2,937 | 2,724
Depreciation and amortization | 337 | 352 | 692 | 689
Third-party distribution fees | 1,666 | 670 | 3,391 | 1,602
Acquisition-related costs (Note 3) | 7,928 |  | 9,990 |
Other | 2,261 | 1,842 | 4,051 | 3,466
Total expenses | 60,244 | 41,203 | 105,927 | 80,980
Operating income | 14,531 | 15,039 | 27,752 | 28,629
Other Income/(Expenses): |  |  |  |
Interest expense | (2,356) |  | (2,356) |
Gain on revaluation of deferred consideration - gold payments (Note 11) | 9,898 |  | 9,898 |
Interest income | 612 | 641 | 1,574 | 1,225
Settlement gain |  | 6,909 |  | 6,909
Other gains and losses, net | (501) | (364) | (762) | 284
Income before taxes | 22,184 | 22,225 | 36,106 | 37,047
Income tax expense | 5,460 | 10,120 | 9,958 | 18,062
Net income | $ 16,724 | $ 12,105 | $ 26,148 | $ 18,985
Net income per share-basic | $ 0.10 | $ 0.09 | $ 0.17 | $ 0.14
Net income per share-diluted | $ 0.10 | $ 0.09 | $ 0.17 | $ 0.14
Weighted-average common shares-basic | 149,056 | 134,557 | 142,230 | 134,472
Weighted-average common shares-diluted | 163,346 | 135,574 | 149,979 | 135,613
Cash dividends declared per common share | $ 0.03 | $ 0.08 | $ 0.06 | $ 0.16
Advisory Fees [Member] |  |  |  |
Operating Revenues: |  |  |  |
Total revenues | $ 73,778 | $ 55,856 | $ 132,234 | $ 108,884
Other Income [Member] |  |  |  |
Operating Revenues: |  |  |  |
Total revenues | $ 997 | $ 386 | $ 1,445 | $ 725

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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=84229725&loc=d3e1043-128460 + Details
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