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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Investment management fees $ 31,481 $ 23,388 $ 60,312 $ 47,802
Distribution and service fees 11,122 7,001 20,860 13,410
Administration and transfer agent fees 5,817 3,964 10,990 6,188
Other income and fees 482 435 861 835
Total revenues 48,902 34,788 93,023 68,235
Operating Expenses        
Employment expenses 23,050 15,458 42,619 31,817
Distribution and administration expenses 12,367 7,786 23,444 15,130
Other operating expenses 7,936 7,434 15,286 14,417
Restructuring and severance 594 1,100 741 1,130
Depreciation and amortization 485 500 974 995
Intangible asset amortization 1,011 1,293 2,057 2,822
Total operating expenses 45,443 33,571 85,121 66,311
Operating Income 3,459 1,217 7,902 1,924
Other Income (Expense)        
Realized and unrealized gain (loss) on trading securities 278 (526) 839 (177)
Other (expense) income 3 3 (212) 71
Total other income (expense), net 281 (523) 627 (106)
Interest Income (Expense)        
Interest expense (192) (267) (403) (542)
Interest and dividend income 65 77 111 247
Total interest expense, net (127) (190) (292) (295)
Income Before Income Taxes 3,613 504 8,237 1,523
Income tax expense 417 91 704 50
Net Income 3,196 413 7,533 1,473
Preferred stockholder dividends (704) (900) (1,408) (1,800)
Allocation of earnings to preferred stockholders (449)   (1,103)  
Net Income (Loss) Attributable to Common Stockholders $ 2,043 $ (487) $ 5,022 $ (327)
Earnings (Loss) per share - Basic $ 0.33 $ (0.08) $ 0.81 $ (0.06)
Earnings (Loss) per share - Diluted $ 0.30 $ (0.08) $ 0.73 $ (0.06)
Weighted Average Shares Outstanding - Basic (in thousands) 6,238 5,854 6,238 5,843
Weighted Average Shares Outstanding - Diluted (in thousands) 6,887 5,854 6,898 5,843