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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Total revenues $ 349,035 $ 301,345 $ 304,318
Operating Expenses:      
Compensation and benefits 109,532 97,897 88,163
Fund management and administration 71,348 64,761 58,912
Marketing and advertising 17,256 15,302 14,090
Sales and business development 13,584 11,871 9,907
Contractual gold payments (Note 9) 6,069 17,108 17,096
Professional fees 18,969 13,800 7,616
Occupancy, communications and equipment 4,684 3,898 4,629
Depreciation and amortization 872 262 738
Third-party distribution fees 9,377 7,656 7,176
Other 9,852 8,705 6,933
Total operating expenses 261,543 241,260 215,260
Operating income 87,492 60,085 89,058
Other Income/(Expenses):      
Interest expense (15,242) (14,935) (12,332)
Gain on revaluation/termination of deferred consideration—gold payments (Note 9) [1] 61,953 27,765 2,018
Interest income 4,099 3,320 2,009
Impairments (Note 26) (7,942) (16,156)
Loss on extinguishment of debt (Note 10) (9,721)
Other losses, net (1,631) (36,285) (7,926)
Income before income taxes 119,008 39,950 56,671
Income tax expense/(benefit) 16,462 (10,734) 6,874
Net income $ 102,546 $ 50,684 $ 49,797
Earnings per share—basic (in Dollars per share) $ 0.66 $ 0.31 $ 0.31
Earnings per share—diluted (in Dollars per share) $ 0.64 $ 0.31 $ 0.31
Weighted-average common shares—basic (in Shares) 144,707 143,020 143,847
Weighted-average common shares—diluted (in Shares) 170,413 158,914 161,263
Cash dividends declared per common share (in Dollars per share) $ 0.12 $ 0.12 $ 0.12
Advisory fees      
Operating Revenues:      
Total revenues $ 333,227 $ 293,632 $ 298,052
Other income      
Operating Revenues:      
Total revenues $ 15,808 $ 7,713 $ 6,266
[1] Gains on revaluation/termination 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.