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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues:        
Revenues $ 90,423 $ 72,414 $ 258,191 $ 228,035
Operating Expenses:        
Compensation and benefits 27,955 23,714 81,672 73,066
Fund management and administration 18,023 16,285 52,903 47,855
Marketing and advertising 3,833 3,145 12,305 11,062
Sales and business development 3,383 2,724 9,703 8,464
Contractual gold payments (Note 9) 4,105 6,069 13,001
Professional fees 3,719 2,367 15,768 11,134
Occupancy, communications and equipment 1,203 986 3,476 2,788
Depreciation and amortization 307 58 537 158
Third-party distribution fees 2,694 1,833 6,828 5,863
Other 2,601 2,324 7,473 6,278
Total operating expenses 63,718 57,541 196,734 179,669
Operating income 26,705 14,873 61,457 48,366
Other Income/(Expenses):        
Interest expense (3,461) (3,734) (11,484) (11,199)
Gain on revaluation/termination of deferred consideration—gold payments (Note 9) 77,895 61,953 63,188
Interest income 791 811 2,874 2,375
Impairments (Note 7) (2,703) (7,603)
Loss on extinguishment of convertible notes (Note 10)   (9,721)  
Other losses, net (2,512) (5,289) (3,233) (34,470)
Income before income taxes 18,820 84,556 94,243 68,260
Income tax expense/(benefit) 5,836 3,327 10,774 (10,713)
Net income $ 12,984 $ 81,229 $ 83,469 $ 78,973
Earnings per share—basic (in Dollars per share) $ 0.07 $ 0.5 $ 0.5 $ 0.49
Earnings per share—diluted (in Dollars per share) $ 0.07 $ 0.5 $ 0.49 $ 0.49
Weighted-average common shares—basic (in Shares) 145,284 143,120 144,505 142,984
Weighted-average common shares—diluted (in Shares) 177,140 158,953 169,997 158,741
Cash dividends declared per common share (in Dollars per share) $ 0.03 $ 0.03 $ 0.09 $ 0.09
Advisory fees        
Operating Revenues:        
Revenues $ 86,598 $ 70,616 $ 246,239 $ 222,719
Other income        
Operating Revenues:        
Revenues $ 3,825 $ 1,798 $ 11,952 $ 5,316