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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income/(loss) $ 50,684 $ 49,797 $ (35,655)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Advisory fees received in gold and other precious metals (57,290) (74,970) (62,416)
Contractual gold payments 17,108 17,096 16,811
Losses/(gains) on financial instruments owned, at fair value 16,516 3,715 (14)
Stock-based compensation 10,385 9,998 11,706
(Gain)/loss on revaluation of deferred consideration—gold payments [1] (27,765) (2,018) 56,821
Amortization of issuance costs—convertible notes 2,592 2,187 1,710
Deferred income taxes (1,296) 316 (2,192)
Amortization of right of use asset 963 1,950 3,182
Depreciation and amortization 262 738 1,021
Impairments 0 16,156 22,752
Gain on sale—Canadian ETF business, including remeasurement of contingent consideration 0 (787) (2,877)
Loss on extinguishment of debt 0 0 2,387
Amortization of issuance costs—former credit facility 0 0 1,328
Other 386 (272) (990)
Changes in operating assets and liabilities:      
Accounts receivable (720) (3,506) (193)
Prepaid expenses (808) (139) (159)
Gold and other precious metals 41,847 57,417 45,087
Other assets (309) (394) 107
Intangibles—software development (2,370) 0 0
Fund management and administration payable 3,723 1,348 (2,264)
Compensation and benefits payable 4,485 10,242 (3,804)
Income taxes payable (2,308) 3,101 (2,441)
Financial instruments sold, but not yet purchased, at fair value 0 0 (582)
Operating lease liabilities (965) (15,560) (3,517)
Accounts payable and other liabilities (33) (1,097) 1,328
Net cash provided by operating activities 55,087 75,318 47,136
Cash flows from investing activities:      
Purchase of financial instruments owned, at fair value (67,734) (115,526) (36,444)
Purchase of investments (21,863) (5,750) 0
Purchase of fixed assets (220) (293) (472)
Proceeds from the sale of financial instruments owned, at fair value 52,115 19,441 18,703
Proceeds from the sale of Canadian ETF business, net, including receipt of contingent consideration 0 2,360 2,774
Proceeds from held-to-maturity securities maturing or called prior to maturity 45 136 16,488
Proceeds from the sale of the Company's financial interests in AdvisorEngine Inc. 0 0 9,592
Net cash (used in)/provided by investing activities (37,657) (99,632) 10,641
Cash flows from financing activities:      
Dividends paid (19,362) (19,459) (20,113)
Shares repurchased (3,418) (34,506) (31,197)
Convertible notes issuance costs 0 (4,297) (5,411)
Repayment of debt 0 0 (179,000)
Proceeds from the issuance of convertible notes (Note 12) 0 150,000 175,250
Proceeds from exercise of stock options 0 815 292
Net cash (used in)/provided by financing activities (22,780) 92,553 (60,179)
(Decrease)/increase in cash flow due to changes in foreign exchange rate (3,258) (955) 855
Net (decrease)/increase in cash and cash equivalents (8,608) 67,284 (1,547)
Cash and cash equivalents—beginning of year 140,709 73,425 74,972
Cash and cash equivalents—end of year 132,101 140,709 73,425
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 12,500 8,456 10,131
Cash paid for interest $ 12,313 $ 9,898 $ 7,088
[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.