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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues:    
Total revenues $ 82,044 $ 78,368
Operating Expenses:    
Compensation and benefits 27,398 24,787
Fund management and administration 17,153 15,494
Marketing and advertising 4,007 4,023
Sales and business development 2,994 2,609
Contractual gold payments (Note 9) 4,486 4,450
Professional fees 3,715 4,459
Occupancy, communications and equipment 1,101 753
Depreciation and amortization 109 47
Third-party distribution fees 2,253 2,212
Other 2,257 1,845
Total operating expenses 65,473 60,679
Operating income 16,571 17,689
Other Income/(Expenses):    
Interest expense (4,002) (3,732)
Gain/(loss) on revaluation of deferred consideration—gold payments (Note 9) [1] 20,592 (17,018)
Interest income 1,083 794
Impairments (Note 7) (4,900) 0
Loss on extinguishment of convertible notes (Note 10) (9,721) 0
Other losses, net (2,007) (24,707)
Income/(loss) before income taxes 17,616 (26,974)
Income tax expense/(benefit) 1,383 (16,713)
Net income/(loss) $ 16,233 $ (10,261)
Earnings/(loss) per share—basic $ 0.1 $ (0.08)
Earnings/(loss) per share—diluted $ 0.1 $ (0.08)
Weighted-average common shares—basic 143,862 142,782
Weighted-average common shares—diluted 159,887 142,782 [2]
Cash dividends declared per common share $ 0.03 $ 0.03
Advisory Fees [Member]    
Operating Revenues:    
Total revenues $ 77,637 $ 76,517
Other Income [Member]    
Operating Revenues:    
Total revenues $ 4,407 $ 1,851
[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] Excludes 15,521 participating securities and 31 potentially dilutive non-participating common stock equivalents for the three months ended March 31, 2022, as the Company reported a net loss for the period (shares herein are reported in thousands).