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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Investment management fees $ 44,878 $ 31,481 $ 86,725 $ 60,312
Distribution and service fees 13,587 11,122 26,308 20,860
Administration and transfer agent fees 8,023 5,817 15,425 10,990
Other income and fees 330 482 758 861
Total revenues 66,818 48,902 129,216 93,023
Operating Expenses        
Employment expenses 25,507 23,050 51,825 42,619
Distribution and administration expenses 15,796 12,367 34,719 23,444
Other operating expenses 9,035 7,936 16,928 15,286
Restructuring and severance 794 594 794 741
Depreciation and other amortization 436 485 759 974
Intangible asset amortization 997 1,011 1,985 2,057
Total operating expenses 52,565 45,443 107,010 85,121
Operating Income 14,253 3,459 22,206 7,902
Other Income (Expense)        
Realized and unrealized gain (loss) on trading securities (214) 278 1,010 839
Other income (expense)   3   (212)
Total other income (expense), net (214) 281 1,010 627
Interest Income (Expense)        
Interest expense (274) (192) (475) (403)
Interest & dividend income 171 65 277 111
Total interest expense, net (103) (127) (198) (292)
Income Before Income Taxes 13,936 3,613 23,018 8,237
Income tax expense 5,569 417 9,201 704
Net Income 8,367 3,196 13,817 7,533
Preferred stockholder dividends paid   (704)   (1,408)
Allocation of earnings to preferred stockholders   (449) (64) (1,103)
Net Income Attributable to Common Stockholders $ 8,367 $ 2,043 $ 13,753 $ 5,022
Earnings per share - Basic $ 1.08 $ 0.33 $ 1.81 $ 0.81
Earnings per share - Diluted $ 1.04 $ 0.30 $ 1.71 $ 0.73
Weighted Average Shares Outstanding - Basic -(in thousands) 7,763 6,238 7,615 6,238
Weighted Average Shares Outstanding - Diluted -(in thousands) 8,081 6,887 8,023 6,898