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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues:        
Operating Revenues     $ 191,439 $ 159,641
Total revenues $ 107,034 $ 85,724 203,872 167,768
Operating Expenses:        
Compensation and benefits 30,790 26,319 61,844 53,717
Fund management and administration 20,139 17,727 40,101 34,880
Marketing and advertising 5,110 4,465 9,518 8,472
Sales and business development 3,640 3,326 7,251 6,320
Contractual gold payments (Note 9) 1,583 6,069
Professional fees 6,594 8,334 10,224 12,049
Occupancy, communications and equipment 1,314 1,172 2,524 2,273
Depreciation and amortization 418 121 801 230
Third-party distribution fees 2,687 1,881 4,994 4,134
Other 2,831 2,615 5,154 4,872
Total operating expenses 73,523 67,543 142,411 133,016
Operating income 33,511 18,181 61,461 34,752
Other Income/(Expenses):        
Interest expense (4,140) (4,021) (8,268) (8,023)
Gain on revaluation/termination of deferred consideration—gold payments (Note 9) 41,361 61,953
Interest income 1,438 1,000 2,836 2,083
Impairments (Note 25) (4,900)
Loss on extinguishment of convertible notes (Note 10) (9,721)
Other losses and gains, net (1,283) 1,286 1,309 (721)
Income before income taxes 29,526 57,807 57,338 75,423
Income tax expense 7,767 3,555 13,468 4,938
Net income $ 21,759 $ 54,252 $ 43,870 $ 70,485
Earnings per share—basic (in Dollars per share) $ 0.13 $ 0.32 $ 0.27 $ 0.43
Earnings per share—diluted (in Dollars per share) $ 0.13 $ 0.32 $ 0.26 $ 0.42
Weighted-average common shares—basic (in Shares) 146,896 144,351 146,680 144,108
Weighted-average common shares—diluted (in Shares) 166,359 170,672 165,872 165,468
Cash dividends declared per common share (in Dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06
Advisory fees        
Operating Revenues:        
Operating Revenues $ 98,938 $ 82,004 $ 191,439 $ 159,641
Other revenues        
Operating Revenues:        
Operating Revenues $ 8,096 $ 3,720 $ 12,433 $ 8,127