XML 29 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues:      
Total revenues $ 274,116 $ 228,295 $ 218,920
Operating Expenses:      
Compensation and benefits 74,515 81,493 63,263
Fund management and administration 56,686 42,144 41,083
Marketing and advertising 13,884 14,402 15,643
Sales and business development 17,153 13,811 12,537
Contractual gold payments (Note 11) 8,512    
Professional and consulting fees 7,984 5,254 6,692
Occupancy, communications and equipment 6,203 5,415 5,211
Depreciation and amortization 1,301 1,395 1,305
Third-party distribution fees 6,611 3,393 2,827
Acquisition-related costs (Note 3) 11,454 4,832  
Other 8,534 7,068 6,909
Total expenses 212,837 179,207 155,470
Operating income 61,279 49,088 63,450
Other Income/(Expenses):      
Interest expense (7,962)    
Gain on revaluation of deferred consideration—gold payments (Note 5) 12,220    
Interest income 3,093 2,861 1,111
Impairments (Note 25) (17,386)   (1,676)
Settlement gain (Note 9)   6,909  
Acquisition payment     (6,738)
Other losses, net (205) (666) (585)
Income before taxes 51,039 58,192 55,562
Income tax expense 14,406 30,993 29,407
Net income $ 36,633 $ 27,199 $ 26,155
Earnings per share-basic $ 0.23 $ 0.20 $ 0.19
Earnings per share-diluted $ 0.23 $ 0.20 $ 0.19
Weighted-average common shares-basic 146,645 134,614 134,401
Weighted-average common shares-diluted 158,415 136,003 135,539
Cash dividends declared per common share $ 0.12 $ 0.32 $ 0.32
Advisory Fees [Member]      
Operating Revenues:      
Total revenues $ 271,104 $ 226,692 $ 218,217
Other Income [Member]      
Operating Revenues:      
Total revenues $ 3,012 $ 1,603 $ 703