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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income/(loss) $ 38,610 $ (22,158)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Advisory fees received in gold, other precious metals and cryptocurrencies (57,617) (46,077)
Impairments 16,156 22,752
Contractual gold payments 12,834 12,362
Stock-based compensation 7,661 9,003
(Gain/)/loss on revaluation of deferred consideration – gold payments (5,066) 34,436
Unrealized losses 2,183 1,212
Amortization of right of use asset 1,860 2,384
Amortization of issuance costs – convertible notes 1,542 882
Deferred income taxes 1,515 (961)
Gain on sale – Canadian ETF business, including remeasurement of contingent consideration (787) (2,877)
Depreciation and amortization 693 760
Loss on extinguishment of debt   2,387
Amortization of issuance costs – former credit facility   1,328
Other (369) (1,173)
Changes in operating assets and liabilities:    
Securities owned, at fair value (84) 94
Accounts receivable (1,273) 3,166
Prepaid expenses (1,888) (1,325)
Gold, other precious metals and cryptocurrencies 44,006 32,969
Other assets (315) (341)
Fund management and administration payable 2,868 735
Compensation and benefits payable 1,756 (12,349)
Income taxes receivable/payable (1,050) (3,399)
Securities sold, but not yet purchased, at fair value 0 (582)
Operating lease liabilities (including lease termination payment of $12,725) (15,462) (2,778)
Accounts payable and other liabilities 2,336 1,679
Net cash provided by operating activities 50,109 32,129
Cash flows from investing activities:    
Purchase of securities owned, a fair value (97,570) (34,683)
Purchase of investments (5,750)  
Purchase of fixed assets (237) (292)
Proceeds from the sale of securities owned, at fair value 10,976 18,122
Proceeds from held-to-maturity securities maturing or called prior to maturity 114 16,441
Proceeds from the sale of the Company's financial interests in AdvisorEngine Inc.   9,592
Proceeds from the sale of Canadian ETF business, net, including receipt of contingent consideration   2,774
Net cash (used in)/provided by investing activities (92,467) 11,954
Cash flows from financing activities:    
Shares repurchased (34,506) (30,979)
Dividends paid (14,662) (15,207)
Convertible notes issuance costs (4,297) (5,411)
Repayment of debt   (179,000)
Proceeds from the issuance of convertible notes 150,000 175,250
Proceeds from exercise of stock options 815 240
Net cash provided by/(used in) financing activities 97,350 (55,107)
Decrease in cash flow due to changes in foreign exchange rate (493) (387)
Increase/(decrease) in cash and cash equivalents 54,499 (11,411)
Cash and cash equivalents—beginning of year 73,425 74,972
Cash and cash equivalents—end of period 127,924 63,561
Supplemental disclosure of cash flow information:    
Cash paid for taxes 7,332 7,650
Cash paid for interest $ 3,719 $ 3,390