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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues:      
Total revenues $ 301,345 $ 304,318 $ 249,912
Operating Expenses:      
Compensation and benefits 97,897 88,163 74,675
Fund management and administration 64,761 58,912 56,728
Marketing and advertising 15,302 14,090 11,128
Sales and business development 11,871 9,907 10,579
Contractual gold payments (Note 10) 17,108 17,096 16,811
Professional fees 13,800 7,616 4,902
Occupancy, communications and equipment 3,898 4,629 6,427
Depreciation and amortization 262 738 1,021
Third-party distribution fees 7,656 7,176 5,219
Acquisition and disposition-related costs 0 0 416
Other 8,705 6,933 6,924
Total operating expenses 241,260 215,260 194,830
Operating income 60,085 89,058 55,082
Other Income/(Expenses):      
Interest expense (14,935) (12,332) (9,668)
Gain/(loss) on revaluation of deferred consideration—gold payments (Note 10) [1] 27,765 2,018 (56,821)
Interest income 3,320 2,009 744
Impairments (Note 26) 0 (16,156) (22,752)
Loss on extinguishment of debt (Note 11) 0 0 (2,387)
Other losses and gains, net (36,285) (7,926) 580
Income/(loss) before income taxes 39,950 56,671 (35,222)
Income tax (benefit)/expense [2] (10,734) 6,874 433
Net income/(loss) $ 50,684 $ 49,797 $ (35,655)
Earnings/(loss) per share—basic $ 0.31 $ 0.31 $ (0.25)
Earnings/(loss) per share—diluted $ 0.31 $ 0.31 $ (0.25)
Weighted-average common shares—basic 143,020 143,847 148,682
Weighted-average common shares—diluted 158,914 161,263 148,682 [3]
Cash dividends declared per common share $ 0.12 $ 0.12 $ 0.12
Advisory Fees [Member]      
Operating Revenues:      
Total revenues $ 293,632 $ 298,052 $ 246,395
Other Income [Member]      
Operating Revenues:      
Total revenues $ 7,713 $ 6,266 $ 3,517
[1] Gains on revaluation of deferred consideration—gold payments result from a decrease in spot gold prices, a decrease in the forward-looking price of gold, a decrease in the perpetual growth rate and an increase in the discount rate used to compute the present value of the annual payment obligations. Losses on revaluation of deferred consideration—gold payments result from an increase in spot gold prices, an increase in the forward-looking price of gold, an increase in the perpetual growth rate and a decrease in the discount rate used to compute the present value of the annual payment obligations.
[2] The (gain)/loss on revaluation of deferred consideration is not adjusted for income taxes as the obligation was assumed by a wholly-owned subsidiary that is based in Jersey, a jurisdiction where the Company is subject to a zero percent tax rate.
[3] Excludes 15,122 participating securities for the year ended December 31, 2020 and 6 potentially dilutive common stock equivalents as the Company reported a net loss for the period (shares herein are reported in thousands).