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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income/(loss) $ 49,797 $ (35,655) $ (10,425)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Advisory fees received in gold and other precious metals (74,970) (62,416) (49,887)
Contractual gold payments 17,096 16,811 13,226
Impairments 16,156 22,752 30,710
Stock-based compensation 9,998 11,706 11,590
Unrealized losses 3,781    
Amortization of issuance costs—convertible notes 2,187 1,710  
(Gain)/loss on revaluation of deferred consideration—gold payments (2,018) 56,821 11,293
Amortization of right of use asset 1,950 3,182 3,174
Gain on sale—Canadian ETF business (787) (2,877)  
Depreciation and amortization 738 1,021 1,045
Deferred income taxes 316 (2,192) (349)
Loss on extinguishment of debt 0 2,387  
Amortization of issuance costs—former credit facility 0 1,328 2,888
Paid-in-kind interest income 0   (2,498)
Other (272) (990) (294)
Changes in operating assets and liabilities:      
Securities owned, at fair value (66) (14) 2,331
Accounts receivable (3,506) (193) (19)
Prepaid expenses (139) (159) 738
Gold and other precious metals 57,417 45,087 35,886
Other assets (394) 107 172
Fund management and administration payable 1,348 (2,264) (476)
Compensation and benefits payable 10,242 (3,804) 7,885
Income taxes payable 3,101 (2,441) 4,524
Securities sold, but not yet purchased, at fair value 0 (582) (1,116)
Operating lease liabilities (15,560) (3,517) (3,587)
Accounts payable and other liabilities (1,097) 1,328 677
Net cash provided by operating activities 75,318 47,136 57,488
Cash flows from investing activities:      
Purchase of securities owned, at fair value (115,526) (36,444) (22,536)
Purchase of investments (5,750)   (8,112)
Purchase of fixed assets (293) (472) (47)
Proceeds from the sale of securities owned, at fair value 19,441 18,703 11,880
Proceeds from the sale of Canadian ETF business, net, including receipt of contingent consideration 2,360 2,774  
Proceeds from held-to-maturity securities maturing or called prior to maturity 136 16,488 3,244
Proceeds from the sale of the Company's financial interests in AdvisorEngine Inc. 0 9,592  
Funding of notes receivable 0   (2,090)
Net cash (used in)/provided by investing activities (99,632) 10,641 (17,661)
Cash flows from financing activities:      
Shares repurchased (34,506) (31,197) (2,341)
Dividends paid (19,459) (20,113) (20,385)
Convertible notes issuance costs (4,297) (5,411)  
Repayment of debt 0 (179,000) (21,000)
Proceeds from the issuance of convertible notes (Note 12) 150,000 175,250  
Proceeds from exercise of stock options 815 292 160
Net cash provided by/(used in) financing activities 92,553 (60,179) (43,566)
(Decrease)/Increase in cash flow due to changes in foreign exchange rate (955) 855 927
Net increase/(decrease) in cash and cash equivalents 67,284 (1,547) (2,812)
Cash and cash equivalents—beginning of year 73,425 74,972 77,784
Cash and cash equivalents—end of year 140,709 73,425 74,972
Supplemental disclosure of cash flow information:      
Cash paid for taxes 8,456 10,131 10,060
Cash paid for interest $ 9,898 $ 7,088 $ 8,037