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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss)/income $ (35,655) $ (10,425) $ 36,633
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:      
Advisory fees received in gold and other precious metals (62,416) (49,887) (32,238)
Loss/(gain) on revaluation of deferred consideration – gold payments 56,821 11,293 (12,220)
Impairments 22,752 30,710 17,386
Contractual gold payments 16,811 13,226 8,512
Stock-based compensation 11,706 11,590 13,255
Amortization of right of use asset 3,182 3,174  
Gain on sale – Canadian ETF business (2,877)    
Loss on extinguishment of debt 2,387    
Deferred income taxes (2,192) (349) (6,083)
Amortization of issuance costs – convertible notes 1,710    
Amortization of issuance costs – former credit facility 1,328 2,888 2,087
Depreciation and amortization 1,021 1,045 1,301
Paid-in-kind interest income   (2,498) (1,974)
Other (1,169) (173) 798
Changes in operating assets and liabilities:      
Securities owned, at fair value (17,576) (8,446) (7,182)
Accounts receivable (193) (19) 3,804
Prepaid expenses (159) 738 427
Gold and other precious metals 45,087 35,886 25,604
Other assets 107 172 984
Fund management and administration payable (2,264) (476) 221
Compensation and benefits payable (3,804) 7,885 (16,050)
Income taxes payable (2,441) 4,524 5,706
Securities sold, but not yet purchased, at fair value (582) (1,116) 748
Operating lease liabilities (3,517) (3,587)  
Accounts payable and other liabilities 1,328 677 (4,251)
Net cash provided by operating activities 29,395 46,832 37,468
Cash flows from investing activities:      
Purchase of fixed assets (472) (47) (71)
Proceeds from held-to-maturity securities maturing or called prior to maturity 16,488 3,244 1,107
Proceeds from the sale of the Company's financial interests in AdvisorEngine Inc. 9,592    
Proceeds from the sale of Canadian ETF business, net 2,774    
Purchase of investments   (8,112)  
Funding of notes receivable   (2,090) (8,000)
Proceeds from sales and maturities of debt securities available-for-sale 0   64,498
Cash paid for acquisition, net of cash acquired     (239,313)
Net cash provided by/(used in) investing activities 28,382 (7,005) (181,779)
Cash flows from financing activities:      
Repayment of debt (179,000) (21,000)  
Shares repurchased (31,197) (2,341) (2,885)
Dividends paid (20,113) (20,385) (19,236)
Convertible notes issuance costs (5,411)    
Proceeds from the issuance of convertible notes (Note 14) 175,250    
Proceeds from exercise of stock options 292 160 191
Credit facility issuance costs     (8,690)
Preferred stock issuance costs     (181)
Proceeds from the issuance of debt     200,000
Net cash (used in)/provided by financing activities (60,179) (43,566) 169,199
Increase/(decrease) in cash flow due to changes in foreign exchange rate 855 927 (1,297)
Net (decrease)/increase in cash and cash equivalents (1,547) (2,812) 23,591
Cash and cash equivalents—beginning of year 74,972 77,784 54,193
Cash and cash equivalents—end of year 73,425 74,972 77,784
Supplemental disclosure of cash flow information:      
Cash paid for taxes 10,131 10,060 14,398
Cash paid for interest $ 7,088 $ 8,037 $ 5,577