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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues:        
Total revenues $ 112,621 $ 107,034 $ 220,703 $ 203,872
Operating Expenses:        
Compensation and benefits 32,827 30,790 66,615 61,844
Fund management and administration 21,252 20,139 41,966 40,101
Marketing and advertising 5,330 5,110 10,143 9,518
Sales and business development 4,232 3,640 8,369 7,251
Professional fees 3,177 6,594 5,959 10,224
Occupancy, communications and equipment 1,559 1,314 3,041 2,524
Depreciation and amortization 580 418 1,120 801
Third-party distribution fees 4,083 2,687 7,195 4,994
Acquisition-related costs 1,967 1,967
Other 2,982 2,831 5,534 5,154
Total operating expenses 77,989 73,523 151,909 142,411
Operating income 34,632 33,511 68,794 61,461
Other Income/(Expenses):        
Interest expense (5,490) (4,140) (10,931) (8,268)
Interest income 2,090 1,438 3,987 2,836
Other gains and losses, net 638 (1,283) 388 1,309
Income before income taxes 31,870 29,526 62,238 57,338
Income tax expense 7,093 7,767 12,832 13,468
Net income $ 24,777 $ 21,759 $ 49,406 $ 43,870
Earnings per share—basic (in Dollars per share) $ 0.17 $ 0.13 $ 0.35 $ 0.27
Earnings per share—diluted (in Dollars per share) $ 0.17 $ 0.13 $ 0.34 $ 0.26
Weighted-average common shares—basic (in Shares) 143,076 146,896 142,830 146,680
Weighted-average common shares—diluted (in Shares) 146,640 166,359 146,513 165,872
Cash dividends declared per common share (in Dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06
Advisory fees        
Operating Revenues:        
Total revenues $ 103,241 $ 98,938 $ 202,790 $ 191,439
Other revenues        
Operating Revenues:        
Total revenues $ 9,380 $ 8,096 $ 17,913 $ 12,433